A prominent Portland shopping center positioned at a major interstate junction has been listed for sale at $50.9 million, offering investors a rare opportunity to acquire a dominant retail asset in one of Oregon’s key commercial corridors during a period of retail market stabilization.

Gateway Shopping Center, located at 9916 NE Halsey Street, is being marketed by CBRE as two separate offerings: the main shopping center for $44.9 million ($153 per square foot) and a 75,040-square-foot former Kohl’s parcel for $6 million ($80 per square foot). The 96 percent occupied property spans approximately 293,259 square feet and sits at the critical intersection of Interstate 205 and Interstate 84, benefiting from a combined daily traffic count exceeding 215,000 vehicles.

The grocery-anchored power

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