PacWest Center
PacWest Center is located in Portland, Oregon
PacWest Center
Location within Portland, Oregon
Alternative namesKeyBank Tower at PacWest Center
General information
TypeCommercial offices
Location1211 SW Fifth Avenue
Portland, Oregon
Coordinates45°30′55″N 122°40′49″W / 45.5153°N 122.6804°W / 45.5153; -122.6804
Completed1984
OwnerAshforth Pacific
ManagementLangley Investment Properties
Height
Roof127.41 m (418.0 ft)
Technical details
Floor count30
Floor area491,528 sq ft (45,664.4 m2)
Lifts/elevators14
Design and construction
Architect(s)Hugh Stubbins & Associates
Skidmore, Owings & Merrill
Main contractorHoffman Construction Company[1]
References
[2][3][4][5]

PacWest Center is a 30-story, 127.41 m (418.0 ft) office skyscraper in Portland, Oregon. It is the fifth-tallest building in Portland, and the fourth largest with 491,528 sq ft (45,664.4 m2).[6] The building was designed by Hugh Stubbins & Associates of Cambridge, Massachusetts, and completed in 1984.

History

Construction of PacWest Center began in October 1982,[7] and the building was formally dedicated on November 1, 1984.[8] The building's name is derived from former anchor tenant, Pacific Western Bank of Oregon, owned by PacWest Bancorp. However, PacWest's Oregon operations were acquired by KeyCorp in 1986 and became part of KeyBank.[9][10] Tokyo-based Mitsubishi Estate Co. had been the majority owner in the building since it rose in 1984.[11]

In 1985, the building's design won its architects, Hugh Stubbins & Associates and Skidmore, Owings & Merrill, the year's top "honor award" from the Portland chapter of the American Institute of Architects.[12] The building's lobby was remodeled in 2002.[6] In December 2007 the building was sold to Ashforth Pacific Inc. for $161.5 million.[13] During a windstorm in December 2014 a piece of sheet metal blew off from the tower and damaged the neighboring Standard Plaza.[14] Ashforth sold the PacWest Center in 2016 for $170 million to LPC Realty Advisors I LP.[15]

Details

PacWest is the fourth largest office building in Portland with 491,528 sq ft (45,664.4 m2) of floorspace.[6] The modern, metallic look of the building comes from the use of aluminum panels imported from Japan. Law firm Schwabe, Williamson & Wyatt is one of the largest tenants, occupying the 15th to 19th floors.[16] The firm has been based in the building since 1984.[16]

See also

References

  1. ↑ McKinlay, Theresa (October 16, 2006). "Work on Pacwest Center begins in October 1982". Daily Journal of Commerce. Retrieved 22 May 2014.
  2. ↑ "PacWest Center". CTBUH Skyscraper Center.
  3. ↑ "Emporis building ID 122599". Emporis. Archived from the original on March 18, 2016.
  4. ↑ "PacWest Center". SkyscraperPage.
  5. ↑ PacWest Center at Structurae
  6. 1 2 3 Jenkins, Tam (October 1, 2013). "List Leaders: Portland's largest office buildings". Portland Business Journal. Retrieved 7 November 2013.
  7. ↑ "Officials toast construction of $75 million building". The Oregonian. October 27, 1982. p. D1.
  8. ↑ Julie Tripp (November 2, 1984). "Japanese help to launch Pacwest Center". The Oregonian. p. B1.
  9. ↑ "KeyCorp Company History". Funding Universe. 22 January 2011. Retrieved 13 February 2011.
  10. ↑ "KeyCorp takeovers approved". (October 9, 1986). The Oregonian, p. D11.
  11. ↑ Frank, Ryan (December 21, 2007). "Ashforth Pacific buys a 'trophy' downtown". The Oregonian. Retrieved 2007-12-24.
  12. ↑ Hayakawa, Alan R. (October 24, 1985). "Pacwest Center, Greyhound Bus Terminal win top awards". The Oregonian, p. F4.
  13. ↑ "Ashforth Pacific buys signature skyscraper". Portland Business Journal. December 21, 2007. Retrieved 2009-03-28.
  14. ↑ Terry, Lynne (December 11, 2014). "Panel breaks free from Pacwest Center, slams into 15th floor of Standard building; 1 slightly injured". The Oregonian. Retrieved 12 December 2014.
  15. ↑ Bell, Jon (October 21, 2016). "Prominent downtown office tower sells for 2016's highest price". Portland Business Journal. Retrieved 23 December 2016.
  16. 1 2 Culverwell, Wendy (November 1, 2012). "Schwabe wrapping up multi-floor remodel at PacWest". Portland Business Journal. Retrieved November 1, 2012.

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