PORTLAND, Ore. (AP) - Portland’s tallest building is being sold.
The Oregonian/OregonLive reports (https://bit.ly/2rsP9oP ) that Wells Fargo announced Wednesday it is selling the Wells Fargo Center and will lease back some office space.
Completed in 1973, the skyscraper is 546-feet tall - 10 feet higher than the U.S. Bancorp Tower.
Wells Fargo said the sale is part of a strategic realignment of real estate.
Downtown real estate has grown increasingly valuable in recent years as tech companies and others move from the suburbs into Portland’s core.
___
Information from: The Oregonian/OregonLive, https://www.oregonlive.com
Please read our comment policy before commenting.