(Editor’s Note: According to public records, the buyer was an entity affiliated with Rhino Investments, and the seller was an entity affiliated with Kimco Realty.)
GRESHAM, Ore. — Northmarq’s Pacific Northwest Commercial Investment Sales team led by Kevin Adatto, Sean Tufts and Joe Dugoni, in collaboration with its Denver Debt + Equity team led by Michael Salzman, successfully arranged the sale and acquisition financing of Gresham Town Fair, a 264,634-sq.-ft. retail community center located at 300-600 NW Eastman Pkwy in Gresham, Oregon.
Northmarq arranged the $31.76 million sale on behalf of the seller, PK I Gresham Town Fair, LLC. The buyer was Gresham Town Fair Venture, LLC.
“We are excited to witness the transformation of this shopping center under its new ownership,” Adatto said. “A