November 11, 2025
NORRIS & STEVENS, INC. BROKERS $12M INVESTMENT SALE OF THE 72nd APARTMENTS IN TIGARD, OREGON
Tigard Triangle 72nd Apartments, LLC has completed the $12,000,000 ($315,789 per unit) purchase of The 72nd, a Class A mixed-use property located at 11740–11774 SW 72nd Avenue in Tigard, Oregon.
Built in 2020, The 72nd features 38 luxury apartment units and four ground-floor retail/office spaces on a 0.59-acre site. The property totals approximately 27,167 square feet and includes a mix of 16 studios, 19 one-bedrooms, 2 two-bedrooms, and a three-bedroom apartment. Each residence offers private balconies, in-unit washers and dryers, luxury vinyl tile flooring, quartz countertops, stainless steel appliances, and mini-split heating and cooling systems.
The five-story building also includes 2,317 square feet of retail and office space on the ground level.
“This transaction was a year in the making,” said David C. Chatfield, Vice President of Multifamily Investments at Norris & Stevens. “We navigated receivership, bankruptcy, and foreclosure before successfully closing the deal — a testament to the team’s persistence and expertise.”
Centrally located in the desirable Tigard Triangle, The 72nd provides convenient access to Hwy 99W, Hwy 217, and I-5, as well as nearby retail destinations including Washington Square Mall and Bridgeport Village.
David C. Chatfield and Timothy S. Mitchell of Norris & Stevens, Inc. represented both the Buyer and the Seller/2nd Trust Deed Lender, 72nd Apartments, 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 around 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 7 million square feet of commercial space and 11,000 apartment units.
