200 Market
| 200 Market | |
|---|---|
 The building's exterior, 2009 | |
  Location within Portland, Oregon | |
General information | |
| Type | Commercial office |
| Location | Portland, Oregon |
| Coordinates | 45°30′42″N 122°40′46″W / 45.5116°N 122.67940°W |
| Completed | 1973 |
| Height | |
| Roof | 257 ft (78 m) |
| Technical details | |
| Floor count | 19 |
| Floor area | 400,000 sq ft (37,000 m2) |
| Lifts/elevators | 6 |
| References | |
| [1] | |
200 Market, also known as the Black Box,[2] is a 19-story high-rise commercial office building in downtown Portland, Oregon, United States. Located across Market Street from Keller Auditorium, it was completed in 1973 and certified LEED Platinum in 2010. It was the first multi-tenant building in the U.S. to be LEED Gold-certified, in 2006.[3][4][5]
History
[edit]Real estate developer John Russell purchased the tower for $21.5 million in 1988.[6] His company received a loan for $63 million from MetLife, using 200 Market as collateral, in 2017, and later defaulted on that loan when Regence Blue Cross Blue Shield (now Cambia Health Solutions) reduced its space.[7] In June 2025, MetLife filed a lawsuit against its owner Russell seeking foreclosure. Financial trouble started after Regence Blue Cross' lease expired.[8] The tower then sold for about $70 million in April 2026, with $38.5 million of that being assumed debt.[7] 200 Market was purchased by Melvin Mark Investors and Jeff Swickard.[7]
Details
[edit]The building has 18 floors for tenants and a total of 400,000 square feet (37,000 m2)[9] with 19,000 square feet (1,800 m2) per floor.[10]
Tenants
[edit]See also
[edit]
References
[edit]- ↑ "200 Market". Emporis. Archived from the original on 2015-04-10.
- ↑ "Cool Spaces: Cambias Renovated Space Brings Style to Insurance". Bizjournals.com. Retrieved 22 November 2021.
- ↑ "Case Study: Deep Energy Savings in Existing Buildings" (PDF). New Buildings Institute. Retrieved 2016-04-01.
- ↑ "200 Market, Portland | 122633". Emporis.com. Archived from the original on April 10, 2015. Retrieved 2016-04-01.
- ↑ "200 Market Building Management Office | Real Estate | The City of Portland, Oregon". Portlandoregon.gov. 2015-07-14. Retrieved 2016-04-01.
- ↑ Effinger, Anthony (5 September 2025). "Longtime Portland Developer Wins Reprieve From Lender Seeking Foreclosure". Willamette Week. Retrieved 6 April 2026.
- 1 2 3 Bach, Jonathan. "Another downtown Portland office tower sells amid foreclosure lawsuit". The Oregonian/OregonLive. Retrieved 6 April 2026.
- ↑ "Lender Seeks Foreclosure on Prominent Developer as Downtown Real Estate Crisis Deepens". Willamette Week. 2025-06-25. Retrieved 2025-06-26.
- ↑ "Quick Facts". Russell Development Company. Archived from the original on 2016-03-14. Retrieved 2016-04-01.
- ↑ "Building History". Cushman Wakefield. Retrieved 2016-04-01.
- ↑ Hayes, Elizabeth (October 12, 2023) [October 11, 2023 – Original publication date]. "Cambia recommits to downtown Portland but will shed some space". Portland Business Journal. Retrieved October 31, 2025.
External links
[edit]
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- 1970s architecture in the United States
- 1973 establishments in Oregon
- Leadership in Energy and Environmental Design gold certified buildings
- Office buildings completed in 1973
- Skyscraper office buildings in Portland, Oregon
- Buildings and structures in Southwest Portland, Oregon
- Oregon building and structure stubs