A partnership between a fund controlled by DRA Advisors and Prescott Partners has purchased Nimbus Corporate Center, a 16-building, close-in, flex-office park totaling 691,036 square feet in the suburban Portland community of Beaverton, Ore.
The sales price was $130 million, and the seller was Shorenstein.
Situated on 47.5 acres at 8910-9775 SW Gemini Dr. and 9203-9790 SW Nimbus Ave., Nimbus Corporate Center is in an amenity-rich, transit-oriented location adjacent to Washington Square Mall, Oregon’s highest-grossing mall, and visible from Highway 217. The office park is proximate to several transit centers, including the Hall/Nimbus WES Station, and it is approximately six miles from Portland’s central business district. Completed between 1984 and 1991, Nimbus Corporate Center is leased to various tenants in the manufacturing, technology, professional services, telecommunications, financial services, insurance and government sectors. The property features adaptabl
