American Bank Building

Northwestern National Bank Building
Portland Historic Landmark[1]
Northwestern National Bank Building in 1913
American Bank Building is located in Portland, Oregon
American Bank Building
American Bank Building is located in Oregon
American Bank Building
American Bank Building is located in the United States
American Bank Building
Location621 SW Morrison Street
Portland, Oregon
Coordinates45°31′10″N 122°40′45″W / 45.519321°N 122.679037°W / 45.519321; -122.679037
Built1913
ArchitectA. E. Doyle
NRHP reference No.96001001
Added to NRHPSeptember 12, 1996

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

History

The building in 2011

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 Chilean company Independencia S.A. It was sold in September 2023 to Portland-based Menashe Properties for $13.6 million.[6]

References

  1. ^ Portland Historic Landmarks Commission (July 2010), Historic Landmarks – Portland, Oregon (XLS), retrieved November 13, 2013.
  2. ^ "American Bank Building". Emporis. Archived from the original on May 14, 2015. Retrieved February 20, 2015.
  3. ^ Hinchliff, Catherine (Autumn 2009). "Architect for a Golden Age". Reed Magazine.
  4. ^ "Oregon National Register List" (PDF). Oregon Parks & Recreation Department. October 19, 2009. Archived from the original (PDF) on June 9, 2011. Retrieved November 20, 2009.
  5. ^ a b Bell, Jon (October 28, 2014). "Summer sale of downtown office building shows doubling of price, foreign interest". Portland Business Journal. Retrieved September 1, 2015.
  6. ^ Effinger, Anthony (September 17, 2023). "Menashe Properties Buys Downtown Building for $13.6 Million, Doubling Down on Portland Office Space". Willamette Week. Retrieved May 19, 2026.
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