Only the small "clearance outlet" store continued to operate, and following the 1984 sale of the building, that store closed finally in July 1985. Renovation In 1984, the building was acquired by the Norcrest China Company, a Portland property development company owned by Bill Naito and his brother Sam Naito. In 1985, the Naitos initiated a rehabilitation and refitting of the building's interior for use for trade shows, banquets and offices. As part of the renovations, the building was renamed "Montgomery Park". The "notoriously frugal" Bill Naito liked the new name, because it meant that only the "W" and "D" of "Ward" in the huge 14-letter neon rooftop sign needed to be altered, with "P" and "K" letters. The sign was changed in May 1986, at which time most of the renovations also were completed and the building opened for regular use for trade shows, among other uses. See also National Register of Historic Places listings in Northwest Portland, Oregon References External links 1920 establishments in Oregon Buildings and structures completed in 1920 Buildings and structures in Portland, Oregon Montgomery Ward National Register of Historic Places in Portland, Oregon Northwest District, Portland, Oregon Portland Historic Landmarks