KH Properties LLC recently completed the $5,090,000 purchase of River Road Plaza, located at 155 Silver Lane in Eugene, Oregon.
Located in the Santa Clara neighborhood of Eugene, River Road Plaza is an approximately 32,548 square foot retail property with a mix of services and dining tenants. The property was 92% occupied at the time of purchase, and has a long history of high occupancy. Conveniently located in close proximity to Randy Pape’ Beltline Highway (OR-569) and the River Road Transit Station, River Road Plaza offers quick and convenient access to downtown Eugene and is just 10 minutes from I-5.
Todd VanDomelen with Portland-based Norris & Steven, Inc. represented the Buyer in the transaction, and CPX LLC represented the Seller, River Road Plaza, LLC.
Norris & Stevens, Inc. is one of the largest locally-owned, full-service commercial real estate brokerage firms in Oregon and SW Washington. A member of the TCN Worldwide network, the firm was founded in 1966 and currently employs around 75 professionals in investment sales, leasing and property management for office, industrial, retail, land, and multi-family properties. The firm’s property management portfolio exceeds 5.9 million square feet of commercial space and 9,100 apartment units.