PORTLAND, Ore. – December 19, 2022 – PACWEST, an iconic 550,000-square-foot, 30-story Class A office tower in the heart of Downtown Portland is welcoming Jordan Ramis PC, a new full floor tenant. The law firm has leased the 27th floor and they are completing their move-in with a year-end occupancy goal. PACWEST is owned by an affiliate of Lincoln Property Company, which acquired the property—then known as Pacwest Center—in 2016. Ownership completed a major transformation and rebranding of this iconic tower in 2018 that focused on creating the ideal tenant experience.
Lana Baldock and Dan Swift of Cushman & Wakefield’s Portland office represented the landlord in the transaction, Andrew Rosengarten and Chris Elsenbach with JLL represented the Tenant.
“Lake Oswego has been really good to Jordan Ramis, but we are at the next stage of our firm,” said Jordan Ramis’ Board Chair Peter Hicks. “Downtown Portland is a desirable destination to work, live and socialize, and many of the candidates we have interviewed and hired want to work downtown,” said Hicks. “We desire a diverse workforce who can help us grow and serve our clients. The move downtown helps us achieve this goal.”
Founded in 1963, Jordan Ramis PC is a 29-attorney firm that is relocating to downtown from the nearby suburban submarket of Lake Oswego where it had been located since 1993. The firm called the move “an evolutionary step” it grows to serve a wider client base in Oregon and Washington. The firm will continue to have offices located in Vancouver, Washington, and Bend, Oregon.
“We are very excited to welcome Jordan Ramis to PACWEST, a move that will have a positive impact on downtown Portland and exemplifies that companies are committed to being downtown,” said Lana Baldock. “Since its acquisition, LPC has invested substantial capital into the project via high quality design features throughout the tower in addition to brand new indoor and outdoor amenities focused on health, well-being, and social engagement.”
Baldock continued, “The pandemic has led to increased demand by companies for higher quality/Class A space—a trend known as a “Flight to Quality”—and with a greater emphasis on things like technology capability, amenities, outdoor space, health/wellness and a more home-like environment that is comforting for employees. PACWEST is a well-balanced and well-appointed project that checks these important boxes.”
Among the key new offerings at PACWEST include conference and meeting facilities, a full-service tenant lounge which opens to a large outdoor terrace with many areas to meet, collaborate, and relax. There is also a new state-of-the-art fitness facility with innovative equipment, fitness on demand, steam rooms, and contemporary finishes designed to inspire and ignite tenants’ mental and physical well-being. Finally, engaging the City’s expanding cyclist population, PACWEST has a new indoor bicycle hub with its own dedicated shower and locker facilities, automated entries, and bicycle repair and wash areas.
Notably, the top two floors (29 and 30) of the tower are available for lease. Managing Director Dan Swift commented, “A rare and unique opportunity, this is the first time in over two decades that these top two floors have been made available to the market on a for-lease basis. LPC has worked diligently designing and improving PACWEST to be one of the best office destinations in the Pacific Northwest.”