June 21, 2019
WEINGARTEN REALTY SELLS OAK GROVE MARKET TO CLACKAMAS FEDERAL CREDIT UNION
Norris & Stevens, Inc. is pleased to announce that Clackamas Federal Credit Union has purchased Oak Grove Market. The property is a four (4) building, ±97,147 sq. ft. shopping center located at 15003-15121 SE McLoughlin Blvd., Milwaukie, Oregon. The center was built in 1991 by Gramor Development. The Buyer plans to occupy the ±53,000 sq. ft. former Safeway space. Major tenants include Five Guys Burgers, Baxter’s Auto Supply, Bank of America, Panda Express, Credit Concepts and Gentle Dental.
Aaron Goff, President / CEO of Clackamas Federal Credit Union, delighted in the process saying, “Clackamas Federal Credit Union is very excited to breathe new life into this shopping center and expand our footprint in order to help us better serve the community we love”.
Todd VanDomelen, Vice President, Investment Properties, and Timothy Pfeiffer, Senior Broker, Office Properties, of Norris & Stevens, Inc., represented the Buyer and Connelly Woody and Gary Surgeon, of Commercially Realty Advisors represented the Seller in the transaction. Norris & Stevens, Inc. is being retained by Clackamas Federal Credit Union for property management and leasing.
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 6.5 million square feet of commercial space and over 9,000 apartment units.