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PORTLAND-The tallest building in Portland is replacing its old restaurant and adding a few new tenants as the economy tried to get off its heels. The 43-story, 751,000-sf office building at the north end of Downtown lost a 70,000-sf tenant in Louisiana Pacific not too long ago. Occupancy now stands at 87%.

Scanner maker PSC Inc., which keeps a vast majority of its 700 U.S. employees in plants in Eugene, recently relocated its headquarters from New York to the 41st floor of the building. PSC took 7,000 sf. Asking rates for the building range from $22 per sf to $28 per sf per year, with the higher floors commanding the higher end of the range, says Mark Fraser, exclusive leasing agent for the building, which is owned by Seattle-based Unico Properties.

Morgan, Carter + Young, a financial advisory firm, recently took another 4,000 sf on the 26th floor, and Pacific Coast Restaurants is well into tenant improvements for a new concept restaurant on the 30th floor. IN addition to being a new concept, it will be open to the public for breakfast, lunch and dinner, unlike the previous restaurant, which was for club members only in the morning and afternoon.

Pacific Coast Restaurants Inc. also has executed two leases for Manzana Rotisserie Grills, another new concept by the company. One of the restaurants will be located in a 7,800-sf space in the Pearl District, another in Downtown Lake Oswego. The Pearl District location, in a building owned by Venerable properties at Northwest 12th Avenue and Glisan Street, will open next fall.

The 6,500-sf Lake Oswego store will open one year after that in the upcoming Lake View Village project by Gramor Development that will overlook Oswego Lake. Pacific Coast also signed a 7,200-sf lease to put a Newport Bay restaurant in the Lloyd District’s Holladay Market. The restaurant is slated to open in the spring of 2003.

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