One Jefferson Parkway Apartments in Lake Oswego Sells for $78M

LAKE OSWEGO, ORE. — Security Properties and Pacific Life Insurance Co. have purchased the 347-unit One Jefferson Parkway apartment community in Lake Oswego for $78 million.

The property was built in two phases in 1987 and 1990. One Jefferson was 96 percent occupied at the time of sale.

Jon Hallgrimson, Eli Hanacek and Josh McDonald of the CBRE Capital Markets Pacific Northwest Institutional Properties team represented both the buyer and the seller, Jackson Square Properties, in this transaction. Nick Santangelo of CBRE’s Debt & Structured Finance organized financing for the acquisition.