River East Center
1515 SE Water Ave, Portland, OR 97214
99,999 sf
Portfolio description
Jones Lang Lasalle Americas, Inc. (“JLL”), on behalf of ownership, has been exclusively retained to offer for sale to qualified investors the opportunity to acquire fee simple interest in a high-profile development opportunity located at the PeaceHealth University District campus in Eugene, Oregon (“The Property”).
The Property includes the former PeaceHealth hospital servicing the Eugene and Springfield region, portions of which are currently being decommissioned and abated for reuse or demolition. Centrally located in Eugene, OR, the Property abuts the University of Oregon, a growing top-tier public research university. The assemblage covers approximately 12.53 acres on which several buildings and three different parking garages are located. PeaceHealth seeks bids for all or portions of the Property. The successful bidders will combine compelling economics with creative development schemes.
...
Attributes
Zoning
C-2 (Community Commercial) & C-3 (Major Commercial)
Land area gross
545,806 sf
Building area gross
1,206,796 sf
University District (8 Properties)
University District (8 Properties)
Media
Investment highlights
- As-of-Right Zoning Allows for Redevelopment Flexibility
- Scalable, Nearly 13-Acre Site
- A University Anchor with Potential for Gateway Mixed Use Development University of Oregon
- Prime Location Bridging Downtown Eugene and the University Campus
- In-Place Revenue Possible from Medical Office Buildings & Parking Decks
Contact brokers
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Mar 11, 2025
