Pioneer Utility Resources, formerly known as Ruralite Services Corporation, recently completed the $2,600,000 purchase of an approximately 12,000 square foot property at 5625 NE Elam Young Parkway in Hillsboro, Oregon.
Pioneer Utility Resources will be moving their corporate offices into the building vacancy while having the value add of additional medical and professional Tenants that make up the rest of the building. This is the second building of the two building Business Office Park that Pioneer owns.
Tim Budelman with Portland-based Norris & Stevens, Inc. represented Pioneer Utility Resources in the transaction.
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 million square feet of commercial space and 9,000 apartment units.