Melvin Mark Investors announced today the acquisition of 200 SW Market Street, a 19-story, 400,000-square-foot office building in Portland’s downtown core.
The announcement included the news that Jeff Swickard of Swickard Group has joined the ownership group as a joint venture partner. The ownership group also includes local investors. Last year, Swickard bought the 42-story U.S. Bancorp Tower, also known as “Big Pink,” for $45 million.
“200 SW Market Street is a landmark downtown property, and we’re proud to bring together a strong partnership group with deep roots in Portland’s real estate community to steward it into its next chapter,” said Nick Ehlen, Managing Partner at Melvin Mark Investors.
Melvin Mark Brokerage Co. will oversee leasing and property management for the building. Melvin Mark Capital Group partnered with Melvin Mark Investors to secure financing for the project. In total, nearly 140,000 rentable square feet of new, extended and expanded leases have been secured at the property.
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