ATC Partners, LLC Announces Acquisition of Two Office Buildings in Beaverton, Oregon

February 15, 2007

BEAVERTON, OR – ATC Partners, LLC, the San Francisco-based real estate development company, has announced the purchase of two multi-tenant office buildings outside Portland to add to its growing, west coast portfolio.

Fairway Center and 6600 Building, located in Beaverton, a few miles west of Portland, are ATC’s first acquisitions in the Pacific Northwest.

“We are very excited about our first acquisitions in the Portland market,’’ said Mike Halper, the managing partner of ATC. “The location of these assets is a highly desirable area with convenient access to Highway 217.”

The Fairway Center and 6600 Building are three-story buildings with approximately 47,000 and 35,000 square feet of office space, respectively. Fairway Center is located at 9115 SW Oleson Road, about a mile from the 6600 Building, which is located at 6600 SW 92nd Avenue. The buildings have a wide range of professional tenants, from financial planners and certified public accountants to insurance agents and mortgage companies. The purchase price for Fairway Center was $5.9 million and $6.5 million for 6600 Building.

ATC Partners has aggressively pursued multi-tenant office buildings throughout California, focusing on high-quality assets that cater to small businesses. 

“This could be the beginning of our expansion up into Oregon and Washington,” Halper said. “Our business plan calls for aggressive growth.”

ATC Partners has purchased and renovated more than $500 million in industrial and office buildings in the San Francisco Bay Area and Southern California.