East Portland's Marketplace 205 Sells for $43.2 Million
January 26, 2022 | Press Releases
Anchored by Target, Home Depot, and 24-Hour Fitness, the Regional Shopping Center Resides in a Dense and Growing Submarket
PORTLAND, OR – Pacific Northwest-based commercial real estate brokerage CPX today announced the sale of Marketplace 205, a multi-faceted retail center in fast-growing East Portland.
CPX Managing Partners Kevin Adatto and Sean Tufts represented both buyer and seller in the more than 300,000 square-foot, $43.2 million transaction.
“Marketplace 205 presented an opportunity to acquire a high-performing regional shopping center in an area experiencing significant growth and proximity to major freeway arterials and public transportation lines,” Adatto said. “The property also lends itself to an exciting repositioning opportunity now that Bed Bath & Beyond has vacated.”
CPX helps investors gain the confidence to make the right deals at the right time by living an ethos the company describes as combining “relentless preparation” with an “Open Concept brokerage.” Relentless preparation is about doing the homework, becoming a student of the marketplace, and dedicating time – sometimes measured in years – to establish trust and confidence with potential clients. An Open Concept brokerage multiplies each broker’s individual relationships, knowledge, and experience by working together as one aligned team. This far-sighted and collaborative approach builds valued relationships by providing clients strategic, sage counsel.
CPX is a privately-owned Pacific Northwest-based expert in commercial and multifamily investment real estate brokerage with more than three decades of experience. Based out of Seattle and Portland, the CPX business model is built on the principle of an open concept brokerage that encourages a collaborative mindset and the sharing of information and expertise. Leveraging technology and exceptional client relationships, the team is relentlessly prepared to provide the best outcome for their clients. For more information, visit cpxone.com
CPX Managing Partners Kevin Adatto and Sean Tufts represented both buyer and seller.