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$710M Portfolio Exudes Confidence in Northwest

Unico Investment sold a 27-building office portfolio of repositioned historic and newly constructed assets totaling 1.8 million square feet to Broad Street Principal Investments, an affiliate of Goldman Sachs.

Grand Central block One of the assets in the 27-building portfolio sale includes the historic Grand Central block.

SEATTLE/DENVER—Despite reports of future slowing, two markets continue to roll along nicely. This is exemplified in a recent mega-portfolio transaction that involved Unico Investment Group LLC’s recent sale of 27 repositioned historic and newly constructed office assets totaling 1.8 million square feet at a price of $710 million.

The buyer was Broad Street Principal Investments LLC, an affiliate of Goldman Sachs. The properties collectively known as the Unico Partners I portfolio are located in Seattle and Denver, which are considered two of the county’s highest growth-oriented technology and innovation hubs.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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