PORTLAND-Unico Properties has inked another important renewal lease for its 41-story office building in Downtown Portland known as U.S. Bancorp Tower.

Mercer Human Resource Consulting, a division of Marsh & McLennan Cos., signs a $2.5-million lease deal to remain on the 21,000-sf 14th floor for at least five more years. The five-year lease includes extension options.

The lease is good news for Unico, which has been trying to retain every tenant it can with some 200,000 sf in the 750,000-sf office tower portion of the development currently vacant, although only half of that directly. U.S. Bancorp has about 100,000 sf on the sublease market.

In November, the law firm Miller Nash signed a $28-million, 70,000-sf renewal lease in the building after being courted by the brokers for several other Downtown buildings. Like Miller Nash, Mercer reportedly liked the fact that Unico decided to bring in a new restaurant to the building’s 30th floor to replace Atwater’s.

Pacific Coast Restaurants spent $3 million on renovations to create Portland City Grill, which serves American-style food, featuring steaks and seafood. Mercer could not immediately be reached for comment, but Miller-Nash partner Jonathon Goodling said last November that the restaurant is “a nice amenity to have in a building, and the fact that Unico went out and found someone to operate it instead of converting it to office as had been rumored showed us a commitment, an understanding as to what it takes to make a successful office tower.”

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