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PORTLAND, ORE. — Zeller Realty Group has purchased the 298,176-square-foot Umpqua Bank Plaza in Downtown Portland. The building sold for $90 million, according to Portland Business Journal. The Class A office tower is situated on the western shore of the Willamette River.
The property was originally developed in 1974 but underwent renovations in 2015. The space was 97 percent leased at the time of sale.
Lana Baldock, Dan Swift and Havilah Coady of Cushman & Wakefield will handle leasing at the property.