PORTLAND, December 18, 2010 – Meriwether Partners announced the acquisition of Tanasbourne Corporate Park II in Hillsboro, Oregon for $2.4 million.
The property is a 42,000 square foot, one-story office building with 201 surface parking stalls. At the time of the acquisition, the building was vacant except for a month-to-month lease covering half the building.
“We are pleased with this acquisition and we are excited about its future prospects for the building,” said Robert Briscoe of Meriwether. “The building is in excellent condition we expect it to be attractive to single user.” Briscoe added, “We are in negotiations several users for the building and expect to announce a lease or sale soon.”