SANDY, OREGON – Albanese Cormier Holdings expands into the state of Oregon with the successful acquisition of Sandy Marketplace, located in Sandy, just 28 miles from Portland. The shopping center, previously belonging to national REIT Phillips Edison & Company, was purchased for an undisclosed sum with the assistance of Eric Wohl of Hanley Investment Group, who assisted the buyer.
Sandy is centrally located just 45 minutes from Mt. Hood National Forest and is less than an hour from Portland, Oregon’s largest city and the third most populous city in the Pacific Northwest.
Sandy Marketplace, a 100,762 square foot shopping center, is anchored by Grocery Outlet, Bi-Mart and Dollar Tree. The anchor tenants are accompanied by a diverse tenant mix, including Pizza Hut, H&R Block, NAPA Auto Parts and Baskin Robbins, among others.
This is the first property within the state of Oregon for Albanese Cormier Holdings, the commercial real estate holding company headquartered in Beaumont, Texas. The company also has property in twelve other states, holding more than 3M square feet of strategically placed assets across the country.
ALBANESE CORMIER HOLDINGS
Albanese Cormier Holdings is a commercial real estate development company currently holding more than 3 million square feet of strategically placed assets throughout Texas, Louisiana, Mississippi, Arkansas, Missouri, Tennessee, Kentucky, Kansas, New Mexico, Illinois, Georgia, Virginia, Florida and Oregon. For more information about our company or on any other property within the ACH portfolio, please visit www.AlbaneseCormier.com or contact the main office at (409) 892-0200.