JLL Closes Sale of 158-Unit Luxury Multifamily in Lake Oswego
JLL has completed the sale of Willow, a 158-unit, luxury multifamily property in Lake Oswego, Oregon.
JLL represented the seller and procured the buyer. JLL Capital Markets’ Investment Sales and Advisory team, representing the seller, was led by Senior Managing Director Ira Virden and Managing Director Carrie Kahn.
Completed in 2024, Willow is a modern five-story building offering one-, two- and three-bedroom traditional units, two-bedroom townhome units and one-, two and three-bedroom penthouse units. Willow is located at 5600 Meadows Road, occupying a 5.16-acre site in one of the region’s premier submarkets.
In addition, Willow is within the Kruse Way office corridor, a major employment hub home to more than 2.9 million square feet of office space and 20,000 employees at companies such as Columbia Bank, Liberty Mutual, Hoffman Construction and HP. Willow is also located a short drive from Downtown Portland and the Portland International Airport.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout