PORTLAND, Ore. (KOIN) – The former U.S. Bancorp Tower known locally as “Big Pink” has been sold to a new owner, according to Portland Mayor Keith Wilson.
The building at 111 SW Fifth Avenue was built in 1973 and later renovated in 2015. It has 42 stories and was originally designed by Skidmore, Owings & Merrill as U.S. Bank’s headquarters.
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But its new owner, Jeff Swickard, has a new plan for it, and Mayor Wilson thinks it’s “exactly the kind of commitment and optimism Portland needs.”
“The city is ready to work alongside Jeff to support tenants, boost confidence, and ensure that downtown remains a great place to live, work, and build,” Wilson said in a statement to KOIN 6 News. “We are focused on keeping Portland clean, safe, and welcoming – and given that the building attracted serious buyers and closed so quickly is exactly the kind of investment that helps get us there.”…