January 22, 2019
Seattle-based Unico Investment Group LLC sold a 27-building portfolio of repositioned historic and newly- constructed office assets totaling 1.8 million square feet to Broad Street Principal Investments LLC, an affiliate of Goldman Sachs, for $710 million. The properties, collectively known as the Unico Partners I portfolio, are located in Denver and Seattle.
Eastdil Secured’s Jason Flynn and Paul Nelson represented Unico.
The collection includes 10 creative office assets, and one high-profile parking garage including:
- Renovations: the iconic Smith Tower in Seattle’s historic Pioneer Square, 1505 Fifth Avenue in the Seattle CBD, Yale + Thomas building in Seattle’s South Lake Union submarket, DC Building in the Denver CBD, 2nd + Josephine in Denver’s Cherry Creek submarket, and the Platte Street portfolio in Denver’s CBD.
- New construction: the Circa Building in Platte Street (pictured), a Class A, LEED Platinum-certified trophy asset in Denver.
- Other assets: the historic Grand Central block and the Butler Garage, both in Pioneer Square in Seattle, and 555 Zang in Lakewood, CO, and the 11-building Pearl East in Boulder, CO.
For comments, questions or concerns, please contact Dennis Kaiser