JB MATTESON ACQUIRES HARRISON TOWER APARTMENTS FOR $45 MILLION

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PORTLAND, ORE. — Redwood City, Calif.-based JB Matteson Inc. has acquired Harrison Tower Apartments, a 24-story, 185-unit property in downtown Portland, for $45 million. Portland Center Investors sold the recently converted 149,470-square-foot complex to the buyer fully renovated, vacant and with no condo sales contracts pending. The buyer will complete the final renovations, which include a leasing center, administrative offices, a cyber café, a fitness center and a swimming pool/spa area. PCCP provided acquisition financing.

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