JLL successfully completed the sale of a 59,865-square-foot medical outpatient building in Lake Oswego, Oregon. The property, located at 4004 Kruse Way Place and previously owned by Shorenstein, was acquired by a joint venture between Evergreen Medical Properties and Bain Capital’s real estate team.
Situated in the highly desirable Kruse Way submarket near downtown Portland, this three-story building is currently 74% leased with Providence Health & Services as its anchor tenant. While it currently operates as an office property, the new owners plan to convert it into a top-notch outpatient healthcare facility to meet the growing demand for medical space in this area.
The transaction was facilitated by Evan Kovac from JLL’s Capital Markets National Medical Properties group and Buzz Ellis from their local Pacific Northwest Advisory team. Additionally, JLL’s Debt Advisory team secured acquisition financing on behalf of the buyer with Anthony Sardo from National Medical Properties leading alongside Zach Kersten from Pacific Northwest Advisory. This successful sale highlights JLL’s expertise and strong presence in both national and regional markets within the commercial real estate industry.
