Represented Geffen, Mesher & Company, PC in the amendment of its lease at Pioneer Tower in downtown Portland. The lease amendment extended the lease term through June 30, 2027 and expanded the Company's premises to 31,433 square feet.
Cross-Dock Terminal Acquisition
Represented the purchasers in their acquisition of a 176 door cross-dock terminal located on 24 acres in North Portland. Purchase price: $13,200,000.
Public-Private Development Agreement
Represented a national company with its headquarters in Wilsonville, Oregon in consummating a Development Agreement with the City of Wilsonville pursuant to which the City and the company shared the cost of constructing a major street project.
Sale of Pearl District Block
Represented the sellers on the sale of a block in the Pearl District of Portland to Mill Creek Residential Development. Sale price: $9,180,000.
Purchase of Cenveo Corporation Property
Represented the purchaser in its acquisition of the Cenveo Corporation properties located in inner Northwest Portland. The representation involved a lease back to Cenveo Corporation. Purchase price: $7,500,000.
Loan to Portland Wetlabs Partners
Represented the lender on a combination acquisition and construction loan to Portland Wetlabs Partners secured by property in inner Southeast Portland. Loan amount: $11,250,000.
Purchase of Vancouver, Washington Office Building
Represented the purchaser in its acquisition of Parkway Plaza III, a 53,000 square foot office building in Vancouver, Washington. The acquisition of the property completed a tax deferred exchange under Section 1031 of the Internal Revenue Code. The representation involved negotiation and closing a loan with M&T Real Estate Trust.
Sale of Former YMCA Facility
Represented the sellers in the $10,000,000 sale of the former YMCA facility located in Southwest Portland.
Refinancing of Industrial Properties
Represented the borrower in refinancing loans made by U.S. Bank National Association secured by six industrial properties located in Northwest Portland. Total loan amount: $19,000,000.
Lloyd Center Mall Sale
Represented the seller in the sale of Lloyd Center Mall, a regional shopping mall located in inner northeast Portland. The representation involved separating the mall into two parcels which were then sold to different purchasers. Joe also assisted the seller in obtaining approvals from the City of Portland providing for the separation of the sewer and water utilities as well as the fire and life safety systems. Total sale price: $188,250,000.
Portland Custom House Acquisition
Served as local counsel to the purchaser in its acquisition of the Portland Custom House located in inner Northwest Portland. Joe advised the purchaser on the Oregon Special Assessment Program and the status of the work performed by the seller pursuant to the Preservation Plan approved by the State Historic Preservation Officer. Joe also served as local counsel for the borrower on the loan made by Deutsche Bank AG. Purchase price: $30,000,000.
Mississippi Avenue Lofts
Represented a local development company in its acquisition of Mississippi Avenue Lofts, a partially completed mixed use project in Northeast Portland from two local banks that were in the process of foreclosing their loans on the project. Joe negotiated and drafted amendments to loan participation agreements, assignments to rights under various loan documents, construction contracts, architectural agreements and commercial leases, as well as the agreement which governed the sale and assignment of the ownership interests in the project. Following acquisition of the project and completion of construction, Joe assisted the owner of the project in selling the property. Sale price: $14,000,000.
Peterson Caterpillar Property Acquisition
Represented the purchaser of the Peterson Caterpillar property in Northeast Portland. The property consists of 13 buildings containing approximately 264,000 square feet, constructed on 30.64 acres of land. The acquisition involved extensive environmental due diligence which resulted in a No Further Action Letter from the DEQ, issued shortly before closing. Purchase price: $17,500,000.
Sale of Wilsonville Distribution Center
Represented the seller in the sale of a headquarters/distribution center in Wilsonville, Oregon. The property consists of a 300,000 square foot warehouse with 60,000 additional square feet of office space. Sale price: $17,850,000.
SunTech Corporate Park/Tanasbourne Corporate Park
Represented the purchasers in their acquisition of SunTech Corporate Park I, a 65,000 square foot building, and Tanasbourne Corporate Park I, a 77,965 square foot building, in Hillsboro, Oregon. The properties were acquired by the purchasers as part of each purchaser's reverse tax deferred exchange. Total purchase price: $23,275,000.
Canal Crossing Shopping Center, Kennewick, Washington
Represented the purchasers in their acquisition of the Canal Crossing Shopping Center in Kennewick, Washington. The property was acquired as part of a tax deferred exchange and included financing provided by M&T Real Estate Trust. The project is anchored by Amazon and Hobby Lobby Stores, Inc. Purchase price: $10,800,000.