PORTLAND–A partnership between Melvin Mark Companies and Downtown Development Group is selling Union Bank Tower, a core, data center reposition of a 178,634-square-foot office investment opportunity located in the West end of the Central Business District in Portland, OR.
Union Bank Tower is exceptionally located at 707 SW Washington St., just one block from Portland's preeminent internet exchange (Pittock Block), which is only one of two primary internet exchanges for the entire Pacific Northwest, according to a prepared statement. Additionally, the property is near the CenturyLink and AT&T buildings, while Hillsboro – one of the fastest-growing data center submarkets in the world – is located just 18 miles west.
Regionally, Portland has become a strategic location for connectivity between San Francisco and Seattle, while, globally, Portland offers low latency to the Midwest, East Coast, Asia Pacific, EMEA and Latin America. The most used and commercialized north/south long-haul fiber routes that connect Portland to Seattle and San Francisco originate at Union Bank Tower.
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