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Consolidated - Tomoka Land Co. Pays $39.8M for Data Center

Cole Credit Property Trust Sold Beaverton Office Complex
November 2, 2017
Consolidated-Tomoka Land Co., a Florida-based real estate company, purchased the William Barnhart Center located at 18700 NW Walker Rd. in Beaverton, OR from Cole Credit Property Trust III, Inc. for $39.8 million, or about $187 per square foot.

The office building delivered in 1978, located a few blocks from Oregon Health & Science University’s West Campus. The two-story office building totals 227,863 square feet and was renovated in 2009, according to CoStar data.

Both parties handled the direct sale in-house.

Please see CoStar COMPS #4043255 for more information on this transaction.
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