One Main Place (Portland, Oregon)

{{Short description|Skyscraper in Portland Oregon}}

{{Use American English|date=February 2025}}

{{Use mdy dates|date=October 2018}}

{{Infobox building

| name = One Main Place

| image = One Main Place.jpg

| image_size = 150px

| caption = One Main Place from the south

| location = 101 SW Main Street
Portland, Oregon, United States

| coordinates = {{coord|45|30|56|N|122|40|31|W|display=inline,title}}

| map_type = Portland downtown

| completion_date = 1982

| opening =

| building_type = Office

| antenna_spire =

| roof = {{convert|270|ft}}

| top_floor =

| floor_count = 20

| elevator_count =

| cost =

| floor_area = {{convert|353000|ft2}}

| architect = Skidmore, Owings and Merrill

| structural_engineer=

| main_contractor = Hoffman Construction

| developer =

| owner =

| management =

| references =

}}

One Main Place is a privately owned commercial office building in Downtown Portland, in the U.S. state of Oregon. Located at the west end of the Hawthorne Bridge, the 20-story skyscraper is {{convert|270|ft}} tall. Completed in 1982, it is the fifteenth tallest building in Portland, and the sixteenth largest by square-foot. Designed in the modern style by Skidmore, Owings and Merrill, it is a concrete and glass tower.

History

The structure was designed by architectural firm Skidmore, Owings and Merrill and built by Hoffman Construction Company, with completion coming in 1982.{{cite news|url=http://portland.bizjournals.com/portland/stories/2010/01/18/daily51.html|title=One Main Place to sell for $57 million|last=Culverwell |first=Wendy|date=January 22, 2010|work=Portland Business Journal|accessdate=January 23, 2010}} One Main Place was acquired by the Equitable Life Assurance Society from Marathon Realty U.S. for $35 million in 1995.{{cite web|url=http://www.emporis.com/application/?nav=building&lng=3&id=1mainplace-portland-or-usa|archive-url=https://web.archive.org/web/20110604174838/http://www.emporis.com/application/?nav=building&lng=3&id=1mainplace-portland-or-usa|url-status=usurped|archive-date=June 4, 2011|title=One Main Place|work=Portland|publisher=Emporis Corporation|accessdate=January 23, 2010}} The pension fund for Los Angeles' police and fire departments bought the office tower in December 1998 for $44.5 million, after having owned 10 percent of the building since the 1995 sale.{{cite news|url=http://portland.bizjournals.com/portland/stories/1999/01/18/story3.html|title=1 Main Place in fire--and police--sale for $44.5M|last=Miller|first=Brian K.|date=January 15, 1999|work=Portland Business Journal|accessdate=January 23, 2010}} RREEF Realty Investments (part of Deutsche Bank) purchased the building in 2006 for $69.3 million, and then sold it in January 2010 to KBS REIT II for a reported $57 million.{{cite news|url=http://www.oregonlive.com/business/index.ssf/2010/01/another_deal_for_a_portland_of.html|title=Another deal for a Portland office tower|last=Hunsberger|first=Brent|date=January 22, 2010|work=The Oregonian|accessdate=January 23, 2010}} RREEF had attempted to sell the office tower in 2009, but halted efforts in October after bids were lower than anticipated.{{cite news|url=http://portland.bizjournals.com/portland/stories/2009/11/02/story3.html|title=Slow sales slam office market|last=Culverwell|first=Wendy|date=October 30, 2009|work=Portland Business Journal|accessdate=January 28, 2010}} The deal on the building was anticipated to close in April, but was completed early in February.{{cite news|url=http://portland.bizjournals.com/portland/stories/2010/02/08/daily17.html|title=One Main Place sold to KBS REIT II|date=February 9, 2010|work=Portland Business Journal|accessdate=February 11, 2010}} KBS sold the building in 2014{{cite news|last1=Bell|first1=Jon|title=Downtown office building sells again less than 5 years after most recent sale|url=http://www.bizjournals.com/portland/blog/real-estate-daily/2014/12/downtown-office-building-sells-again-less-than-5.html|accessdate=December 19, 2014|work=Portland Business Journal|date=December 18, 2014}} to New York Life for $86.3 million.{{cite news|last1=Bell|first1=Jon|title=Downtown office building went for $86.3M|url=http://www.bizjournals.com/portland/blog/real-estate-daily/2014/12/downtown-office-building-went-for-86-3m.html|accessdate=December 30, 2014|work=Portland Business Journal|date=December 29, 2014}}

Details

One Main Place is 20 stories tall and has {{convert|353000|ft2}} of space.{{cite web|url=http://www.portlandmaps.com/detail.cfm?action=Assessor&propertyid=R245930&state_id=1S1E03BD%20%20300&address_id=161168&intersection_id=&dynamic_point=0&x=7644561.462&y=681555.219&place=101%20SW%20MAIN%20ST&city=PORTLAND&neighborhood=DOWNTOWN&seg_id=139515|title=101 SW Main St - Downtown - Portland|work=PortlandMaps|publisher=City of Portland|accessdate=February 11, 2010}} The building has {{convert|292971|ft2}} of leasable space, making it by area the 16th largest in Portland. Designed in the modern style, the {{convert|270|ft|adj=on}} tall structure is used for class A commercial office space. The concrete building utilizes a curtain wall. The World Trade Center is directly north and east, while First & Main lies adjacent to the south.

Tenants include law firms, Banner Bank, Yellowpages.com, and Tripwire, a software developer, among others.{{cite news|url=http://djcoregon.com/news/2009/09/08/one-main-place-tower-is-for-sale/|title=One Main Place tower is for sale|last=Graf|first=Tyler|date=September 8, 2009|work=Daily Journal of Commerce|accessdate=January 28, 2010}} Tripwire and the Education Northwest are the largest tenants, with the former occupying {{convert|32000|ft2}} of space and Education Northwest taking up almost {{convert|50000|ft2}}.{{cite news|url=http://portland.bizjournals.com/portland/stories/2009/07/13/daily45.html|title=Education group renews lease at One Main Place|date=July 16, 2009|work=Portland Business Journal|accessdate=January 28, 2010}} The building is decorated each year during the winter holidays, utilizing a different theme each year and using a fireplace located in the lobby as part of the theme.{{cite news|url=http://djcoregon.com/news/2003/12/24/decking-the-halls-and-walls-for-some-goodnatured-competition/|title=Decking the halls and walls for some good-natured competition|last=Curl|first=Aimee|date=December 24, 2003|work=Daily Journal of Commerce|accessdate=January 28, 2010}} These decorations won a local award in 2002 for its Home for the Holidays theme.{{cite news|url=http://djcoregon.com/news/2002/01/30/boma-pins-awards-on-standouts/|title=BOMA pins awards on standouts|last=Fehrenbacher|first=Gretchen|date=January 30, 2002|work=Daily Journal of Commerce|accessdate=January 28, 2010}}

The region's transit agency, TriMet, moved its administrative headquarters into One Main Place in 2023.{{cite news |last1=Redden |first1=Jim |title=TriMet moving headquarters into downtown Portland |url=https://www.koin.com/news/portland/trimet-moving-headquarters-into-downtown-portland/ |access-date=2025-06-13 |work=Portland Tribune |via=KOIN |date=August 5, 2023}}

References

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