October 16, 2018
Unico Properties LLC, a subsidiary of Unico Investment Group LLC, acquired City Centre I, a 229,600-square-foot, Class A high-rise in downtown Salt Lake City. The 10-story office building, and an adjoining 1.8-acre surface parking lot, marks Unico’s third investment in the city and brings Unico’s portfolio in downtown Salt Lake City to more than one million square feet.
Located in the CBD, the property encompasses half a city block on State Street. The building is situated on the TRAX light rail line, and offers direct freeway access to I-15 as well as excellent walkability throughout the downtown core.
City Centre I is one of Unico’s major transactions in the third quarter of 2018, which total $750 million and comprise 1.8 million square feet of office space. In July, the firm purchased a full-block, Class A portfolio in Seattle’s CBD; and in September acquired Moda Tower in Portland, OR., and the iconic One Nashville Place in Nashville.
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