Shorenstein Properties LLC announced it has sold River Forum, a two premier Class-A office buildings in Portland, Oregon, to Clarity Real Estate, a real estate private equity platform.
Charles Safley, Paige Morgan and Trevor Kafoury with CBRE represented Shorenstein in the transaction. Terms of the transaction were not disclosed.
Situated along the vibrant South Waterfront, the 209,000-square-foot River Forum campus consists of two premier Class-A office buildings that are 90 percent leased to a diverse tenant base of leading businesses across a variety of industries in Portland.
Shorenstein acquired River Forum in 2007 as part of a broader portfolio. Shorenstein invested capital to enhance the Property, which consists of amenities that include secure-entry parking, several outdoor patios and river access, a fitness center and a large lobby with abundant natural light.
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“We are excited to acquire River Forum from Shorenstein,” said Dave Seeley, Principal at Clarity Real Estate. “Portland is one of Clarity’s top growth markets and River Forum is an irreplaceable waterfront asset with outstanding fundamentals and tenant demand.”
