Disposition – Gateway Medical Office Building
Dina negotiated and helped close the sale of a $49.5 million medical office building in Portland, Oregon. The transaction was highly complex due to: (1) the legal structure of the property (including an air space lease, two parking agreements and a development agreement, each requiring assignment to the buyer by a governmental body); (2) the required restatements of the major tenants’ leases to convert them from gross to triple net leases; and (3) holdback agreements related to (a) the acquisition of a remnant parcel that was erroneously omitted from a parking lease, and (b) required non‐conforming parking upgrades triggered by major tenant improvement work.