September 27, 2022
NORRIS & STEVENS, INC. BROKERS $4.7M SALE OF SHOPPING CENTER IN TIGARD, OREGON
OPI Aloha LLC & RYL Court, LLC recently completed the $4,706,000 purchase of Barrows Plaza located at 14200 & 14250 SW Barrows Road in Tigard, Oregon.
Constructed in 1998, the approximately 7,999 square foot shopping center is situated on approximately 1.12 acres (48,787 SF) of land. The one story facility is located in a walkable neighborhood, with close proximity to residential neighborhoods and local commuter rails. The center has a history of long-term tenancy, with over 50% of the space occupied by the same tenants since 1998/1999.
Todd VanDomelen with Portland-based Norris & Stevens, Inc. represented the Buyer in the transaction, and Dean Wier with WG Real Estate Investment Services, LLC represented the Seller, CFH Limited Partnership.
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 5.9 million square feet of commercial space and 9,100 apartment units.