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Shorenstein Sells Off Some of Portland, Oregon, Portfolio It Bought from Blackstone in 2007

Real Estate Giant Disposes of 16 Office Buildings Held Through Great Recession
DRA Advisors and Prescott Partners have purchased a package of office and flex buildings outside of Portland, Oregon, that includes 9505 to 9595 SW Gemini Drive. (CoStar)
DRA Advisors and Prescott Partners have purchased a package of office and flex buildings outside of Portland, Oregon, that includes 9505 to 9595 SW Gemini Drive. (CoStar)
By Clare Kennedy
CoStar News
October 22, 2020 | 7:34 P.M.

Real estate heavyweight Shorenstein has unloaded almost 700,000 square feet of office outside of Portland, Oregon, for $130 million, reducing its holdings from a 50-property portfolio it acquired 13 years ago that made it one of the largest commercial property landlords in the region.

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News | Shorenstein Sells Off Some of Portland, Oregon, Portfolio It Bought from Blackstone in 2007