COMMERCIAL DEFEASANCE FACILITATES $63M MULTI-PURPOSE DEFEASANCE

PORTLAND, ORE. — Commercial Defeasance LLC has recently facilitated a $63 million defeasance transaction for ScanlanKemperBard Companies, a Portland-based private equity firm. The defeasance enabled ScanlanKemperBard to sell three of its Portland properties: The Mohawk Building, Jackson Tower and American Bank Building. LaeRoc Partners Inc. acquired the properties for an undisclosed price.