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PORTLAND, ORE. — Progress Ridge Townsquare, a 213,809-square-foot retail community center in Portland, has received $42 million in financing. The center is located at 14805 SW Barrows Road. The 10-year, 3.7 percent fixed-rate loan will replace a construction loan on the property. Progress Ridge is 86.5 percent leased to New Seasons, Cinetopia, Ace Hardware, Play Boutique, Fuddruckers, Umpqua Bank and Gentle Dental. The loan was arranged by HFF’s Casey Davidson and Lloyd Minten on behalf of Gramor Development. HFF will also service the loan.