Meriwether Sells Tanasbourne Corporate Park II in Hillsboro, Oregon
PORTLAND, January 18, 2011 – Meriwether Partners announced the $3.65 million sale of Tanasbourne Corporate Park II in Hillsboro, Oregon to Umpqua Bank.
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. Meriwether acquired the building in December 2010 for $2.4 million.
Meriwether Partners is a real estate investment firm with offices in Seattle and Portland. We form partnerships to acquire and manage real estate investments on behalf of the Meriwether principals, high-net worth individuals, family offices, and institutions.
Meriwether was founded in 2002 by Joel Aslanian and Robert Briscoe who have worked together since 1998. The company has acquired more than 2 million square feet of commercial real estate at a cost of over $250 million.
The firm’s primary investment focus is in the Seattle and Portland metropolitan areas. Meriwether invests in properties that are well-located with sound physical and economic fundamentals; properties that have the ability to generate attractive levels of distributable cash; and properties to which we can add value by executing recapitalization or repositioning strategies.