Joe Kappler Broker, Principal Macadam Forbes, Inc. Macadam Forbes, Inc. Established in 1978, Macadam Forbes, Inc. is a significant force in Portland s commercial real estate history. Macadam Forbes sales and leasing team members average 20 years of experience in commercial real estate. Our agents thoroughly cover each sector of the market and achieve outstanding results by combining product knowledge and geographical specialization. 1800 SW First Avenue, Suite 650 Portland, OR 97201 Direct: 503.972.7294
Joe Kappler, Broker, Principal Macadam Forbes, Inc. Biography Mr. Kappler began his career in commercial real estate in 2006, focusing in the sales and leasing of office and flex properties. Mr. Kappler became a Partner at Macadam Forbes, Inc. in June of 2011. The majority of these transactions have occurred in Southwest Portland and the Gateway area. In addition to landlord representation, Mr. Kappler is very active in representing tenants and buyers in the Portland metro area. Education Seattle Pacific University, Seattle, Washington Bachelor of Arts in Business Marketing Business Experience 2006 to Present: Macadam Forbes, Inc., Portland, Oregon Professional Recognition 2008 Commercial Association of Brokers Rookie of the Year for Oregon and SW Washington Partial List of Client Relationships Parr Financial Epic Imaging Cedar Hills II, LLC Jim Fisher Volvo Gateway Sports Medicine Irvine & Company, CPAs Fiducial Tax and Business Folex Carpet Cleaning Harris & Bowker, LLP Portland Rescue Mission University of Western States Northwest Bank Mitra Law Group Columbia Grid Majestic Eagle Agency Professional Affiliations Member of Commercial Association of Brokers
Significant Sale Transactions - Joe Kappler 17437 SW Boones Ferry Road, Lake Oswego, Oregon 10,742 SF medical office/ retail building with 3.72 per 1,000 SF parking ratio. Represented buyer in the acquisition of the property. Sold property for $2,350,000 in April 2014. 11565 SW Hall Boulevard (2013) Located at Highway 217 and SW Hall Boulevard, Mr. Kappler represented the buyer of this 11,001 SF building which sold for $1.5 million. Arcoa Building (2013) Mr. Kappler represented the buyer in the sale of the 25,000 SF office building located on Grand Avenue in Portland. The property sold for $2.45 million. 400 E Main Street, Hillsboro, Oregon (2014) 25,429 SF office building on 1.08 acres with 3.09 per 1000 parking. Mr. Kappler represented the buyer in the acquisition of the property for $3.86M ($151/SF) which represented a 7% cap rate.
Significant Sale Transactions - Joe Kappler Continued 19535 SW 129th Avenue (2013) Located in Tualatin at SW 129th Avenue and SW Herman, Mr. Kappler represented the buyer of this 16,000 SF building which sold for $1.6 million. Former Legacy Clinic (2013) Mr. Kappler represented the seller of the 13,816 SF medical office building located in Tigard. The property sold for $2.4 million to Eye Health Northwest. Arlington Commons (2011) Located at 10800 SW Tualatin Sherwood Rd. in Tualatin, Mr. Kappler represented the buyer in the acquisition of 4 industrial condos totaling 29,295 SF. Mr. Kappler represented the buyer on a lease initially, then after 2 years negotiated the option for his client. Property sold for $2.477 million. Northwest Civic Office Building (2008) Mr. Kappler represented the seller of the 36,000 SF Office building located in Gresham at the intersection of Burnside and NW Civic Dr. Property sold for $6.8 million. Fanno Creek Buildin gb (2008) Mr. Kappler represented the seller (Opus NW) in the sale of the 50,000 SF building, which sold for $240/SF. The building was 100% vacant at the time of the sale. Property sold for just over $12 million.
Significant Lease Transactions - Joe Kappler 14,000 SF lease acquisition relocating NW College to 4225 SW Hall and 4200 SW Watson in Beaverton (Tenant Representation) 9,000 SF lease acquisition relocating the Department of Motor Vehicles to 10110 SW Parkway in Beaverton (Landlord Representation) 7,847 SF lease acquisition relocating Portland Rescue Mission s Headquarters to 1507 NE 122nd Ave. in Portland (Tenant Representation) 6,015 SF lease to 20/20 Lasik Surgery Centers at 16307 SW Upper Boones Ferry Rd. in Tigard (Landlord Representation)
Significant Lease Transactions - Joe Kappler Continued 11,300 SF lease to Providence Health & Services of Oregon at 10126 SW Park Way in Portland (Landlord Representation) 6,995 SF lease acquisition renewing ColumbiaGrid at 8338 NE Alderwood Road in Portland (Tenant Representation) 9,227 SF lease to Windermere Cronin & Caplan at 825 NE Multnomah in Portland. (Tenant Representation). 10,862 SF lease to First Citizens Bank at 309 SW 6th Ave. in downtown Portland (Tenant representation)