May 16, 2019 Comments Off on Unico Expands Puget Sound Portfolio with Eastside Acquisition Views: 485 National News, Seattle & Pacific Northwest News, Seattle News, Washington, West

Unico Expands Puget Sound Portfolio with Eastside Acquisition

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Seattle-based Unico Properties LLC, a subsidiary of Unico Investment Group LLC, acquired Marymoor Technology Building in Redmond, WA in a deal that sources say closed for roughly $25 million. The 79,197-square-foot, two-story office property and a 144-stall surface parking marks Unico’s first investment in the Redmond market.

Unico’s Andrew Cox says, “Unico has long loved the Eastside—it’s always been an attractive market, but now has the added benefit of an incredibly strong mix of diverse and growing tenancy which would be the envy of any U.S. market.”

He cited the growth of global technology giants opening new campuses in the city, as well as new light rail connections, as key considerations weighing in the market’s favor. The 100%-leased property is situated on a 3.44-acre parcel.

NKF’s Kevin Shannon, Nick Kucha, Michael Moll, Ken White, Tim O’Keefe, and Bill DeLacy, along with Broderick Group’s Paul Jerue, Tyler Slone, and Eric Meussner represented the undisclosed sellers.

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