JLL Capital Markets announced that it has closed on the sale of The Perch PDX, a 141-unit, newly constructed, luxury, transit-oriented multi-housing community located in the highly sought-after Overlook neighborhood of North Portland, Oregon.
Built in 2020, The Perch PDX features studio, one- and two-bedroom units, averaging 648 square feet in size. Units feature stainless steel appliances, modern cabinetry, quartz countertops, vinyl plank flooring and full-size washers and dryers. Community amenities include 7th and 3rd floor terraces, a game room, a fitness center, co-working spaces, secured access garage parking, dog washing station and more.
The property is ideally situated within walking distance to a MAX Light Rail line as well as the abundance of shops, dining, music venues and more within the North Mississippi and North Interstate Avenue retail corridors. Residents also have convenient access to Interstate-5, Interstate 405 and Interstate 84, as well as the retail on North Williams Avenue, North Vancouver Avenue and Northeast Alberta Street. Nearby top employers include the Adidas’ North American Headquarters, Daimler North American HQ, Genetech, Kaiser Permanente, Legacy Health and Prologis Meadows. Additionally, parks and entertainment within close distance of the community include Patton Square City Park, Mock’s Crest, Overlook Park, Moda Center and Oregon Convention Center.
JLL represented the seller, Fairfield, and procured the buyer, Green Leaf Capital Partners. The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Ira Virden, Managing Director Carrie Kahn and Director Frank Solorzano.