U.S. Bancorp Tower Adding New Tenants, Dining

PORTLAND-The tallest building in Portland is replacing its old restaurant and adding a few new tenants as the economy tried to get off its heels. The 43-story, 751,000-sf office building at the north end of Downtown lost a 70,000-sf tenant in Louisiana Pacific not too long ago. Occupancy now stands at 87%.

Scanner maker PSC Inc., which keeps a vast majority of its 700 U.S. employees in plants in Eugene, recently relocated its headquarters from New York to the 41st floor of the building. PSC took 7,000 sf. Asking rates for the building range from $22 per sf to $28 per sf per year, with the higher floors commanding the higher end of the range, says Mark Fraser, exclusive leasing agent for the building, which is owned by Seattle-based Unico Properties.

Morgan, Carter + Young, a financial advisory firm, recently took another 4,000 sf on the 26th floor, and Pacific Coast Restaurants is well into tenant improvements for a new concept restaurant on the 30th floor. IN addition to being a new concept, it will be open to the public for breakfast, lunch and dinner, unlike the previous restaurant, which was for club members only in the morning and afternoon.