HR Consulting Firm Renews at Unico-U.S. Bancorp Tower

PORTLAND-Unico Properties has inked another important renewal lease for its 41-story office building in Downtown Portland known as U.S. Bancorp Tower.

Mercer Human Resource Consulting, a division of Marsh & McLennan Cos., signs a $2.5-million lease deal to remain on the 21,000-sf 14th floor for at least five more years. The five-year lease includes extension options.

The lease is good news for Unico, which has been trying to retain every tenant it can with some 200,000 sf in the 750,000-sf office tower portion of the development currently vacant, although only half of that directly. U.S. Bancorp has about 100,000 sf on the sublease market.