American Bank Building Explained

Northwestern National Bank Building
Designated Other1 Name:Portland Historic Landmark[1]
Designated Other1 Color:lightgreen
Location:621 SW Morrison Street
Portland, Oregon
Coordinates:45.5193°N -122.679°W
Built:1913
Architect:A. E. Doyle
Added:September 12, 1996
Refnum:96001001

The American Bank Building is a 15-floor building in Portland, Oregon, U.S. It stands 63m (207feet) tall, and was built in 1913.[2] It replaced the Marquam Building.

History

The building was the tallest in the city for 14 years until surpassed by the Public Service Building in 1927. Designed by A. E. Doyle, it is located at 621 SW Morrison Street, and was formerly known as the Northwestern National Bank Building.[3] The building was added to the National Register of Historic Places in 1996.[4] In 2000, Transamerica Asset Management paid $21.7 million to City Center Retail to acquire the building.[5] Transamerica then sold it to SKB Portland Office Investments LLC in 2002 for $22.3 million, who then sold the tower in 2008 for $35.2 million to LaeRoc Partners.[5] In July 2014, the building was sold for $45 million to Independencia S.A., a Chilean company.[5]

Notes and References

  1. .
  2. Web site: American Bank Building . https://web.archive.org/web/20150514023518/http://www.emporis.com/buildings/122651/american-bank-building-portland-or-usa . dead . May 14, 2015 . Emporis . February 20, 2015.
  3. Hinchliff. Catherine. Autumn 2009. Architect for a Golden Age. Reed Magazine.
  4. Web site: Oregon National Register List . Oregon Parks & Recreation Department . October 19, 2009 . November 20, 2009 . June 9, 2011 . https://web.archive.org/web/20110609105953/http://www.oregon.gov/OPRD/HCD/NATREG/docs/oregon_nr_list.pdf . dead .
  5. News: Bell. Jon. Summer sale of downtown office building shows doubling of price, foreign interest. 1 September 2015. Portland Business Journal. October 28, 2014.