Newmark has arranged the sale of Willamette Marketplace, a mixed-use asset comprising medical office and retail space in the Portland suburb of West Linn, Oregon.
Developed in 2008, the five-building campus totals 63,078 rentable square feet and is 93% leased, anchored by Northwest Primary Care and Goldfish Swim School. Newmark Vice Chairman Nick Kucha, Senior Managing Director James Childress, and Directors Kellen Kollmorgen and Jakob Nicholls represented the seller.
“Willamette Marketplace is a rare opportunity to acquire a best-in-class stabilized, mixed-use asset with a durable and diverse income stream in one of Portland’s most affluent suburbs,” said Kucha. Located directly off Interstate 205, Willamette Marketplace offers excellent freeway visibility and immediate connectivity to the greater Portland metro. The campus features a three-story medical building and four single-story retail buildings, with shopping options and a variety of on-site amenities and services.
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