Westland Investors announces the purchase by a Westland - led investor group of the Hillsboro West, a retail center in Hillsboro, Oregon. The center is a 12 unit building totaling 34,014 of rentable square feet and cost $7million.
The center is conveniently located near a two major arterials running through the heart of town and is visible from the Tualatin Valley Highway, making it an accessible outlet for locals.
“Market forces such as Amazon are putting heavy pressure on retail outlets across the US,” said Erik Mattson, Westland Partner. “The type of retail tenants in the property are service oriented, which are fairly resistant to those market pressures. It’s exciting how this investment helps Westland optimize the cash flow needs of our investors.”
The properties have a strong record of long term tenants, including locally owned business, nationally recognized credit tenants and a medical group, Tuality Hospital. Westland is planning for property enhancements in addition to restructuring contracts to optimize space for each tenant, including renting some vacant units. The company projects strong cash flow from the outset.
With more projects such as this on the horizon, Westland is looking to establish relationships with additional accredited investor clients. Interested investors should contact Erik Mattson at email@example.com, or by calling (503) 297-2575.