One Main Place is a privately owned commercial

office building An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific dut ...

in Downtown Portland, in the U.S. state of

Oregon Oregon () is a U.S. state, state in the Pacific Northwest region of the Western United States. The Columbia River delineates much of Oregon's northern boundary with Washington (state), Washington, while the Snake River delineates much of it ...

. Located at the west end of the

Hawthorne Bridge The Hawthorne Bridge is a truss bridge with a vertical lift that spans the Willamette River in Portland, Oregon, joining Hawthorne Boulevard and Madison Street. It is the oldest vertical-lift bridge in operation in the United States and the ol ...

, the 20-story skyscraper is tall. Completed in 1982, it is the fifteenth tallest building in

Portland Portland most commonly refers to: * Portland, Oregon, the largest city in the state of Oregon, in the Pacific Northwest region of the United States * Portland, Maine, the largest city in the state of Maine, in the New England region of the northeas ...

, 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. One Main Place was acquired by the Equitable Life Assurance Society from Marathon Realty U.S. for $35 million in 1995. The pension fund for

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

' 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. RREEF Realty Investments (part of

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

) 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.

RREEF Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Frankfurt, Germany, and dual-listed on the Frankfurt Stock ...

had attempted to sell the office tower in 2009, but halted efforts in October after bids were lower than anticipated. The deal on the building was anticipated to close in April, but was completed early in February. KBS sold the building in 2014 to

New York Life New York Life Insurance Company (NYLIC) is the third-largest life insurance company in the United States, the largest mutual life insurance company in the United States and is ranked #67 on the 2021 Fortune 500 list of the largest United States ...

for $86.3 million. In 2019
Sterling-Pacific Commercial Roofing & Waterproofing
was hired b
New York Life Insurance Company
to replace the original roof o
One Main Place
The original roof system lasted for 37 years. It was replaced with an EPDM roofing system fro
Carlisle
The installation was supervised by legendary roofer
Sean Britt
The project management team wa
James Drinkward
of Sterling-Pacific
Paul Amos
o
Harper Winn
an
Chuck Marvin
o
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Details

One Main Place is 20 stories tall and has of space. The building has of leasable space, making it by area the 16th largest in Portland. Designed in the

modern style The Modern Style is a style of architecture, art, and design that first emerged in the United Kingdom in the mid-1880s. It is the first Art Nouveau style worldwide, and it represents the evolution of the Arts and Crafts movement which was native ...

, the tall structure is used for class A commercial office space. The concrete building utilizes a curtain wall. The

World Trade Center World Trade Centers are sites recognized by the World Trade Centers Association. World Trade Center may refer to: Buildings * List of World Trade Centers * World Trade Center (2001–present), a building complex that includes five skyscrapers, a ...

is directly north and east, while First & Main lies adjacent to the south. Tenants include law firms, Banner Bank,

Yellowpages.com Yellowpages.com is a United States-based web site operated by Thryv that provides listings for local businesses. In 2013, it was re-branded as YP.com or simply "YP". It currently offers a broad range of marketing tools including online presence, ...

, and

Tripwire A tripwire is a passive triggering mechanism. Typically, a wire or cord is attached to a device for detecting or reacting to physical movement. Military applications Such tripwires may be attached to one or more mines – especially fragme ...

, a software developer, among others. Tripwire and the Education Northwest are the largest tenants, with the former occupying of space and Education Northwest taking up almost . 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. These decorations won a local award in 2002 for its ''Home for the Holidays'' theme.

References

External links

{{commonscat, One Main Place (Portland, Oregon)
Tripwire moving
- ''Portland Business Journal'' Office buildings completed in 1982 Skyscraper office buildings in Portland, Oregon Skidmore, Owings & Merrill buildings 1982 establishments in Oregon