Luxury clothing chain Brooks Brothers has closed its downtown Portland store.

The East Coast-based chain opened in the Galleria building in 2008, breathing new life into a retail building that had been struggling. Target followed five years later, choosing the Galleria for its first downtown store.

Brooks Brothers' lease expired a year ago, and the chain had been extending it incrementally while it considered its future in Portland, according to Diane McMahon, chief executive of the Bill Naito Co., which owns the Galleria. Ultimately, she said, the chain concluded its products weren't a good fit for Portland.

"The Brooks Brothers market is probably not Portland, Oregon. We're more tech, casual stuff as opposed to buttoned-down Brooks Brothers suits," McMahon said. The Portland store was Brooks Brothers' only Oregon location.

The Naito company is considering a variety of options for the 11,000-square-foot storefront, McMahon said, including a food hall, restaurant or traditional retail.

Downtown Portland is confronting a paradox, with tech companies and other employers rushing into the city's core while hotels and new offices spring up.

The wealth flooding into the city is pricing many out, though, and prosperity has been accompanied by a rise in homelessness and complaints about theft, break-ins, drug use and human waste.

Portland Business Alliance chief executive Sandra McDonough said she doesn't see Brooks Brothers' closure as indicative of those larger problems, noting that Spanish retailer Zara plans to open its first Portland store downtown and Japanese retailer Muji plans to open a shop in the former Meier & Frank department store.

"Brooks Brothers closing its downtown Portland location reflects national trends," McDonough said in a written statement. "However, our downtown retail environment remains strong, attracting top national and international retailers, as evidenced by recent announcements from brands moving to downtown Portland."

-- Mike Rogoway | twitter: @rogoway | 503-294-7699