Ethos Commercial Advisors Arranges Financing for 275,518-Square-Foot Shopping Center in Portland, Oregon
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Portland, Ore. — Ethos Commercial Advisors has arranged acquisition financing for Eastport Plaza, a 275,518-square-foot shopping center located in Portland’s Jade District. The property is anchored by Ross Dress for Less, LA Fitness, Dollar Tree and a Regal movie theater. The undisclosed buyer recently backfilled a 28,000-square-foot space at the center, formerly occupied by JOANN Fabric and Crafts, with an undisclosed national tenant, bringing occupancy to 95 percent. Daniel Natsch and Matthew Illias of Ethos Commercial Advisors arranged the five-year, fixed-rate loan with a life insurance company. The loan financing features a 66 percent loan-to-value ratio.
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