Unico Properties

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.[2]

Unico Properties
TypePrivate
PredecessorUniversity Properties Inc
Founded1953
FounderRoger L. Stevens, Alfred R. Glancy Jr., Ben Tobin, and H. Adams Ashforth
Headquarters1215 Fourth Avenue, Suite 600,
Seattle
,
United States
Key people
Quentin Kuhrau (CEO and Chairman of the Board)
Jonas Sylvester(President)
Total assets$4.3 billion
Rainier Tower, Seattle
One Nashville Place in Nashville, Tennessee

As of September 2018, it "manages a $4.3 billion real-estate portfolio",[3] amounting to 18 million square feet.[4]

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.[4][2]

Developments in Seattle have included the Rainier Tower, Puget Sound Plaza, IBM Building (Seattle), Financial Center, One Union Square, and Two Union Square.[4]

In September 2018, Unico purchased One Nashville Place in Nashville, Tennessee, for $139.5 million.[3][5]

References
  1. "Unico Properties, Inc". Emporis. Retrieved October 16, 2018.
  2. "Company Overview of Unico Properties LLC". Bloomberg LP. Retrieved 18 October 2018.
  3. Mazza, Sandy (September 21, 2018). "Downtown Nashville office tower fetches $139.5M from new investor". The Tennessean. Retrieved October 15, 2018.
  4. "About Us - The Company Story - Unico Properties". Unico Properties. Retrieved 18 October 2018.
  5. Nevin Batiwalla (Sep 26, 2012). "Regions Bank to move Nashville HQ to One Nashville Place". Nashville Business Journal. Retrieved June 28, 2013.


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