Melvin Marks Cos. JV to sell data center in Portland

A partnership between Melvin Mark Cos. and Downtown Development Group has plans to sell Union Bank Tower, a core data center reposition of a 178,634-square-foot office investment opportunity located in the west end of the central business district in Portland.

Union Bank Tower is exceptionally located at 707 SW Washington St., just one block from Portland’s preeminent internet exchange (Pittock Block), which is only one of two primary internet exchanges for the entire Pacific Northwest. Additionally, the property is near the CenturyLink and AT&T buildings, while Hillsboro — one of the fastest-growing data center submarkets in the world — is located just 18 miles west.

Regionally, Portland has become a strategic location for connectivity between San Francisco and Seattle, while globally, Portland offers low latency to the Midwest, East Coast, Asia Pacific, EMEA and Latin America. The most used and commercialized north/south long-haul fiber routes that connect