CBRE Facilitates $85.25 Million Sale of 424-Unit West End District in Beaverton, Oregon

CBRE announced the sale of West End District, a 424-unit multifamily community with approximately 34,000 square feet of ground-floor retail space located at 14700 SW Rocket St. in Beaverton, Oregon, for $85.25 million.

CBRE's Joe Nydahl and Josh McDonald represented the seller, Taylor Morrison, in the transaction. The buyer was Grand Peaks.

“Closing West End District is a testament to the enduring strength of Portland's Silicon Forest corridor and the sustained demand for high-quality, mixed-use communities in the region's most sought-after suburban neighborhoods,” said Joe Nydahl, executive vice president with CBRE. “Beaverton continues to attract residents and employers alike, and we are excited to see this exceptional property begin its next chapter.”

West End District consists of 424 apartment homes across 12 four-story residential buildings situated on approximately 13.5 acres in Beaverton's highly sought-after Silicon Forest corridor. Completed in 2021 and 2022, the community features a mix of studio, one- and two-bedroom units, extensive resident amenities and a complementary retail component serving residents and the surrounding neighborhood.

“The CBRE team's expertise and stewardship throughout the West End District sale made for a smooth and successful transaction,” said Darin Rowe, representative for Taylor Morrison. “Joe and Josh's deep knowledge of this market and dedicated guidance were instrumental in achieving such a strong outcome, and we are grateful for their partnership throughout the process.”

Located adjacent to the Tualatin Hills Nature Park and within minutes of major employers including Nike and Intel, West End District benefits from direct access to one of the region's strongest employment corridors.