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Seattle & Northwest  + Portland  + Office  | 

Unico Properties Lists Downtown Portland Tower for Sale

U.S. Bancorp Tower, more casually known as Big Pink, is being listed for sale, reported by the Puget Sound Business Journal.

The 42-story building, also known as Big Pink comes from the property’s pink Spanish granite and pink glazed plate glass, is owned and operated by Seattle-based Unico Properties. JLL Capital Markets senior managing director Mark Katz and managing directors Buzz Ellis and Adam Lasoff are leading efforts for the sale.JLL highlighted the building’s history, while acknowledging its need for a makeover.

In the listing, JLL highlights the building’s features saying, “The property presents a one-of-a-kind opportunity to rebrand and reimagine an irreplicable asset.” The building encompasses over 1.1 million square feet of rentable space and sis situated where near downtown Portland meets the Pearl District. Built in 1981, the building underwent major renovations in 2015.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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