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PacWest Center

Coordinates:45°30′55″N122°40′49″W / 45.5153°N 122.6804°W /45.5153; -122.6804
From Wikipedia, the free encyclopedia
30-story office skyscraper in Portland, Oregon

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″N122°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
ArchitectsHugh 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 inPortland, Oregon. It is the sixth-tallest building in Portland, and the fourth largest with 491,528 sq ft (45,664.4 m2).[6] The building was designed byHugh Stubbins & Associates of Cambridge, Massachusetts, and completed in 1984.

History

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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 ofKeyBank.[9][10] Tokyo-basedMitsubishi 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 andSkidmore, Owings & Merrill, the year's top "honor award" from the Portland chapter of theAmerican 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 neighboringStandard Plaza.[14] Ashforth sold the PacWest Center in 2016 for $170 million to LPC Realty Advisors I LP.[15]

Details

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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 ofaluminum panels imported fromJapan. Law firmSchwabe, 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

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References

[edit]
  1. ^McKinlay, Theresa (October 16, 2006)."Work on Pacwest Center begins in October 1982".Daily Journal of Commerce. Retrieved22 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 atStructurae
  6. ^abcJenkins, Tam (October 1, 2013)."List Leaders: Portland's largest office buildings".Portland Business Journal. Retrieved7 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. Retrieved13 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. Archived fromthe original on 2008-01-09. Retrieved2007-12-24.
  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. Retrieved2009-03-28.
  14. ^Terry, Lynne (December 11, 2014)."Panel breaks free from Pacwest Center, slams into 15th floor of Standard building; 1 slightly injured".The Oregonian. Retrieved12 December 2014.
  15. ^Bell, Jon (October 21, 2016)."Prominent downtown office tower sells for 2016's highest price".Portland Business Journal. Retrieved23 December 2016.
  16. ^abCulverwell, Wendy (November 1, 2012)."Schwabe wrapping up multi-floor remodel at PacWest".Portland Business Journal. RetrievedNovember 1, 2012.

External links

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Media related toPacWest Center at Wikimedia Commons

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