Montgomery Park will go up for sale to the highest bidder on Feb. 14, 2024 outside the Multnomah County Courthouse, the documents state.
PORTLAND, Ore. — A lender is foreclosing on a loan tied to the Montgomery Park office complex owned by Unico Properties and Partners Group, the latest seismic event in Portland’s faulty office market.
Borrowers owe $149.7 million, according to a “notice of default and election to sell” filed with Multnomah County on Sept. 29. Partners, a global investment management firm, and Seattle-based Unico bought the 18-acre Montgomery Park in 2019 for $255 million.
The property sits at 2701 Northwest Vaughn Street.
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