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6.02.2008
Capital Pacific Closes Cummins NW Regional Headquarters
 Capital Pacific has recently closed the Cummins NW Regional Headquarters located at the entrance of Swan Island in Portland, Oregon. Capital Pacific’s continued presence in the market and understanding of lender and investor requirements helped facilitate a successful close at the original asking price. All parties worked closely to overcome multiple obstacles during the transaction, including the following:
- Tenant exercising an early lease extension to satisfy the investor and lender.
- Changing lender requirements, creating restructuring of the investment partnership.
- Arduous environmental requirements initiated by the lender.
- Port of Portland waiving their right of first refusal.
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Capital Pacific has recently closed the Cummins NW Regional Headquarters located at the entrance of Swan Island in Portland, Oregon. Capital Pacific’s continued presence in the market and understanding of lender and investor requirements helped facilitate a successful close at the original asking price. All parties worked closely to overcome multiple obstacles during the transaction, including the following: