CBRE has successfully facilitated the sale of Oswego Village, a retail center located in the affluent community of Lake Oswego, Oregon. The property, situated at 11 S. State St., spans over 102,986 square feet and was acquired by a Canadian advisory group for $44 million.
The transaction was brokered by Dino A. Christophilis, Daniel Tibeau, Jimmy Slusher and James Tyrrell from CBRE. According to Christophilis: “The seller invested in an extensive renovation of the property and carefully selected tenants that cater to the upscale Lake Oswego market.”
Oswego Village is home to top-performing grocery and hardware stores as well as various other co-tenants. The recent renovation included updates such as new roofs, storefronts and communal areas along with refreshed facades/paintwork,parking lot improvements,and significant mechanical upgrades.
Lake Oswego is known for its affluence within Portland’s metropolitan area making it an ideal location for retail investments.The city is just a short 15-minute drive south from downtown Portland.
