Newmark (NMRK), as an exclusive advisor, is pleased to present the unique opportunity to acquire the 100% fee simple interest in Willamette Marketplace (the “property”) – a high-quality mixed-use project consisting of medical and retail tenancy located in the affluent Portland suburb of West Linn. Developed in 2008, Willamette Marketplace consists of 63,078 rentable square feet across five buildings and is 91.4% leased with 6.9 years of WALT, anchored by Northwest Primary Care and Goldfish Swim School.

Willamette Marketplace is comprised of a three-story medical office building and four single-story retail buildings, providing natural synergy and excellent on-site amenities for tenants and customers alike. Situated directly off I-205, Willamette Marketplace provides tenants excellent freeway visibility and immediate connectivity to the greater Portland metro. Located in West Linn, the surrounding area has some of the highest demographics in the state with average household income exceeding $140,000.

Willamette Marketplace represents the first opportunity to acquire an institutionally owned and operated asset in West Linn since ownership acquired the campus in 2014. The asset is well-positioned to capture tenant demand from both retail and medical users, demonstrated by the 24,500 SF of leasing completed at the property since January 2024. New ownership can capitalize on the recent leasing velocity and immediately add value by leasing up the existing vacancy to retail or medical tenancy, enhancing the appeal of the property. Furthermore, investors can mark rents to market upon rollover as in-place rents for medical and retail tenants are approximately 10% and 12% below market, respectively. Willamette Marketplace presents investors with a unique opportunity to acquire a premier, mixed-use asset offering a durable and diversified income stream in one of Portland’s most affluent suburbs.