2006-07-01 Westlake Purchases Gresham North

Westlake Development Group, LLC purchased four buildings, collectively known as Gresham Station North at 831 NW Council Drive, Gresham, Oregon from CenterCal Properties, LLC of Tigard, Oregon.

The 145,322-square-foot, mixed-use property is located within blocks of another Westlake property, Gresham Station Shopping Center. Gresham Station North includes an 18,584 square foot state-of-the-art surgery center, a 45,000 square foot LA Fitness facility and 80,000 square feet of medical, commercial office and retail space. The property is nearly 100% leased to recognized tenants with long-term leases.

Westlake Development Group, LLC, a real estate asset management company, is headquartered in San Mateo. An affiliate, Westlake Realty Group, Inc. manages these two properties in addition to 20 other properties.

Established in 1972, Westlake Realty Group manages a global real estate portfolio comprised of retail, residential, and commercial properties. Westlake's mission is to own and manage properties that reflect community values and attitudes, and to provide quality environments that positively impact the lives of its users. For more information contact Meerta Petschi at 503.665.9474.