Office

Pioneer Tower

Portland, OR

At a Glance

  • Year Built

    1990
  • Square Feet

    296,000

Unparalleled mixed-use urban environment with direct access to Pioneer Place, Portland’s number one shopping destination while also offering convenient access to its Transit Mall.

Investment Rationale

  • 17-story, multi-tenant, Class A office building in the heart of Portland’s central business district.

  • Leased to a diverse roster of professional service tenants whose average tenure of occupancy is over fourteen years.

  • Portland is one of LaSalle’s target office markets and exhibits a low direct vacancy rate of 6.7%.

  • Purchase price at time of acquisition is estimated to be approximately 10% below replacement cost.

  • Logo for LEED (Leadership in Energy and Environmental Design)

    LEED Certified, Energy Star Certification


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Exterior view of entrance
Apple Store on the first floor
Curved corner of Pioneer Place
View of the building from across the street