September 4, 2019
NORRIS & STEVENS INC. BROKERS $1.84 MILLION SALE OF FORMER CLINE GLASS BUILDING IN SOUTHEAST PORTLAND
KBD Holdings, LLC, recently completed the $1,840,000 purchase of an approximately 9,000 square foot industrial building at 1125-1135 SE Grand Avenue in Portland, Oregon.
The property was unoccupied at closing and the buyer has redevelopment plans for this property in the highly sought after area of close-in southeast Portland.
Greg Nesting and Gabe Schnitzer with Portland-based Norris & Stevens, Inc. represented the Seller, Ligno, LLC, and the Buyer, KBD Holdings, LLC, in the transaction.
Norris & Stevens, Inc., is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs approximately 75 professionals in investment sales, leasing and property management for office, industrial, retail, land and multi-family properties. The firm’s property management portfolio exceeds 5 million square feet of commercial space and over 9,000 apartment units.