California investor gets $15 million to finance purchase of 294,389 sf mixed-use plaza
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California investor Laeroc Income Fund closed on a $15 million acquisition loan in its purchase of the MJ Murdock Executive Plaza, a 294,389 sf mixed-use project located in Vancouver, Washington. Todd B. Harding, Vice President with Norris, Beggs & Simpson Financial Services, represented them in the transaction.
MJ Murdock Executive Plaza is a seven-story, Class A structure that includes 294,389 sf of office, retail and a parking structure. The project is 100% occupied and is home to tenants such as Columbia Credit Union, MJ Murdock Trust and Regal Cinemas. The Executive Plaza building is highly visible from I-5 and has excellent access to I-5 & I-205 and is close to Portland International Airport and Downtown Portland.
Clark County has been one of the fastest growing Pacific Northwest areas in the last five years. With population growth has come an explosion of commercial real estate interest and development.
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