Pacific Rim, which consisted of developer Bob Gerding and unnamed partners, acquired the building in 1990 after it had undergone foreclosure for a reported $12.7 million in debt, although Oregon Title Insurance Co. records list the sale price as $9.75 million. The group then invested more money and took out additional loans to renovate the building and add a four-story parking garage across the street. The partners put $2 million of equity into the ADP site.

The property was foreclosed on while in the hands of Beartree Buildings, a joint venture of Marty Treece and John Beardsley that developed the property in 1982 while interest rates were upwards of 20% and office space wasn't hard to come by. Most of the city's biggest office high-rise--the US Bancorp Tower, the Orbanco Building and Pacwest Center--opened to tenants between 1979 and 1984.

In 1984, Beartree were forced to hand the property back to the Seattle-First National Bank-led lender after defaulting on a $15-million loan. But after signing Automatic Data Processing (ADP) to a 67,000-sf lease, Beardsley and Treece bought the building back from the lenders for $14.67 million, according to title records.