The tower is located northeast of Downtown in the Lloyd District and is owned by Ashforth Pacific. The Bank of America Financial Center, owned by Australia-based Terrace Tower, is located Downtown at the base of the Morrison Bridge.

"Our business is growing and we want to make our presence known in the central business district," A.G. Edwards' Portland manager Jim McCulley tells GlobeSt.com. "We are in an environment where our competitors pay up-front money to buy brokers away; we hope to attract brokers with the way we do business, and we think this gives us the presence that will attract brokers who believe in our philosophy that the client comes first."

A.G Edwards is taking 10,000 sf in a long-term lease for which the company is believed to be paying around $30 per sf. The lease backfills a good portion of the space vacated by PriceWaterhouseCoopers, which occupied all of the 18th floor as well as the 2,200-sf dome on the top of the building that PWC converted for use as a library, kitchen and server room. That space, and 7,500 sf adjacent A.G. Edwards on the 18th floor, remains available, Terrace Tower EVP Steve Johnston tells GlobeSt.com.