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January 22, 2019 Comments Off on Unico Completes $710M, 1.8M-SF Portfolio Deal in Denver, Seattle Views: 2596 Colorado, National News, Seattle & Pacific Northwest News, Seattle News, Southwest, Washington

Unico Completes $710M, 1.8M-SF Portfolio Deal in Denver, Seattle

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.

Connect With Unico

Connect With Broad Street Principal Investments LLC

Connect With Eastdil Secured’s Flynn

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