BEAVERTON, Ore.--(BUSINESS WIRE)--May. 13, 2013--
U.S. Bank and C.E. John Company have closed on an $11 million loan that
will finance the expansion and renovations of Cedar Hills Crossing
shopping center at 3205 S.W. Cedar Hills Boulevard in Beaverton, Oregon.
Over the coming weeks, C.E. John will be announcing a number of new
tenants for the 24,000-square-feet of new and remodeled improvements
which are expected to be completed this fall. MOD Pizza has leased 2,850
square feet at Cedar Hills Crossing, its first location outside of
“We are pleased to provide financing for C.E. John’s expansion of Cedar
Hills Crossing,” said Ann Young, regional manager for U.S. Bank
Commercial Real Estate in Portland. “Projects like this are another sign
of the local economy gaining momentum as consumer confidence improves.”
“Building on the strength and popularity of our existing tenants, this
expansion will enhance the shopping experience for customers and
introduce new and unique offerings to the Portland area,” said Tom
DiChiara, Vice President of Development for C.E. John Company. James E.
John Construction is the general contractor for the project.
About C.E. John Company, Inc.
Formed in 1947, C.E. John
Company is a full service real estate company active in construction,
development, leasing and property management. It manages more than 2.5
million square feet of income properties and develops retail and
multifamily mixed-use facilities for its own account throughout the
About U.S. Bank Commercial Real Estate
U.S. Bank Commercial
Real Estate specializes in providing creative credit and non-credit
financial solutions for real estate developers, REITs, and commercial
property owners across the United States. U.S. Bank offers such services
as construction/development lending, property acquisition lending,
refinancing, lines of credit, and syndications. With an employee base of
400 professionals in 24 offices, U.S. Bank Commercial Real Estate builds
long-term relationships designed to help American businesses grow.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with $355 billion
in assets as of March 31, 2013, is the parent company of U.S. Bank, the
5th largest commercial bank in the United States. The company operates
3,080 banking offices in 25 states and 5,056 ATMs and provides a
comprehensive line of banking, brokerage, insurance, investment,
mortgage, trust and payment services products to consumers, businesses
and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
Source: U.S. Bancorp
U.S. Bank Public Relations
Teri Charest, 612-303-0732