Cumberland Holdings Purchases Salem’s Sunnyslope Shopping Center

Posted on February 21, 2020

The Sunnyslope Shopping Center, located at Liberty Road S (north of Kuebler) is under new ownership. On Sept. 12, 2019, the property was purchased by West Coast investment firm, Cumberland Holdings. The company recently purchased and are renovating both the Historic Reed Opera House and 120 Commercial Street building. They also own Keizer Village on River Road N.

The Sunnyslope Shopping Center is a popular place for South Salem residents. It is anchored by Roth’s Fresh Markets and includes other businesses such as Snap Fitness, Love Love Teriyaki, Subway, and Nature’s Pet Market.

Scott Chernoff, company principal, stated that they were attracted to the potential of the South Salem area shopping center because of its growing community and the successful businesses already located there.

“We know that the South Salem community appreciates having Roth’s Fresh Market in its neighborhood. They have such a good reputation in Salem. Sunnyslope has a great mix of tenants and we want to keep that property updated and attractive for everyone in the community,” said Chernoff.

Pam Rushing of Coldwell Banker Commercial Mountain West Real Estate is the leasing broker for the property. “Sunnyslope is a popular location serving the South Salem residents with their grocery needs, eateries, fitness, and many other services,” Rushing said. “There are available spaces for offices, medical, fitness and more. Tenants can build to suit.”

The property will be managed by the Pennbrook Company.

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About Sunnyslope Center: Built in 1982, Sunnyslope Center is a 94,000 square foot commercial center on Liberty Street in Southwest Salem. It has been anchored by Roth’s Fresh Market since the grocery store opened at that location in 1983. The center also houses a wide variety of other businesses including US Bank, Garlic Jim’s Pizza, Subway, LimeBerry, Snap Fitness, Nature’s Pet Market and Salem Geeks Computers.

About Cumberland Holdings: Cumberland Holdings is a real estate investment and asset management company that manages several properties on the West Coast. The investment team, Graham Chernoff and Scott Chernoff, both of whom grew up in Northwest Portland. They have a combined 45 years of experience in acquiring and operating real estate, with offices in Los Angeles, San Francisco and Bend, Oregon.

About the Pennbrook Company: Located in Oregon, the Pennbrook Company offers a full range of services for property owners.

About Pam Rushing: Pam Rushing is a principal broker at Coldwell Banker Commercial Mountain West Real Estate and leasing broker for 120 Commercial, Salem, Oregon. Since 1982, the professionals at Coldwell Banker Commercial Mountain West Real Estate have provided property owners with comprehensive commercial real estate services. www.CBCRE.com.

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