Unico Properties Explained

Unico Properties
Type:Private
Predecessor:University Properties Inc
Foundation:1953
Founder:Roger L. Stevens, Alfred R. Glancy Jr., Ben Tobin, and H. Adams Ashforth
Location City:Seattle
Location Country:United States
Location:1215 Fourth Avenue, Suite 600
Key People:Quentin Kuhrau (CEO and Chairman of the Board)
Jonas Sylvester(President)
Assets:$4.3 billion

Unico Properties LLC (formerly University Properties Inc) is an American private equity real estate investment and development company based in Seattle, Washington, focused on the north-west and west of the US.[1] It was founded in 1953.

As of September 2018, it "manages a $4.3 billion real-estate portfolio",[2] amounting to 18 million square feet.

Unico was founded in 1953, by Roger L. Stevens, Alfred R. Glancy Jr., Ben Tobin, and H. Adams Ashforth, who were chosen by the University of Washington to manage and develop a 10-acre site in downtown Seattle.[3] [4]

Developments in Seattle have included the Rainier Tower, Puget Sound Plaza, IBM Building (Seattle), Financial Center, One Union Square, and Two Union Square.[3]

In September 2018, Unico purchased One Nashville Place in Nashville, Tennessee, for $139.5 million.[2] [5]

Notes and References

  1. Web site: Unico Properties, Inc. . https://web.archive.org/web/20181018161857/https://www.emporis.com/companies/108222/unico-properties-inc-seattle-wa-usa . dead . October 18, 2018 . Emporis . October 16, 2018.
  2. News: Mazza . Sandy . Downtown Nashville office tower fetches $139.5M from new investor . October 15, 2018 . The Tennessean . September 21, 2018.
  3. Web site: About Us - The Company Story - Unico Properties. Unico Properties. 18 October 2018.
  4. Web site: Company Overview of Unico Properties LLC . Bloomberg LP . 18 October 2018.
  5. News: Regions Bank to move Nashville HQ to One Nashville Place. Nevin Batiwalla. Nashville Business Journal. Sep 26, 2012. June 28, 2013.