Evergreen Medical Properties, Bain Capital JV buys 60K SF Office Building Near Portland, Plans Outpatient Healthcare Conversion

A joint venture between Evergreen Medical Properties and Bain Capital’s real estate team has acquired 4004 Kruse Way Place, an office building in Lake Oswego, from San Francisco-based Shorenstein Properties for an undisclosed price. The joint venture plans to convert the three-story, 59,865-square-foot building, which is currently operating as traditional office space, into an outpatient healthcare facility. At the time of sale, asset was 74 percent occupied with Providence Health & Services as the anchor tenant.

Evergreen Medical Properties
Josh Richmond | Founding Principal & President
Bain Capital (NYSE: BCSF)
Phil Loughlin | Partner, Private Equity
Bain Capital (NYSE: BCSF)
Ryan Cotton | Head of Real Estate

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