Unico Properties

Last updated
Unico Properties
Type Private
PredecessorUniversity Properties Inc
Founded1953
Founder Roger L. Stevens, Alfred R. Glancy Jr., Ben Tobin, and H. Adams Ashforth
Headquarters1215 Fourth Avenue, Suite 600, ,
Key people
Quentin Kuhrau (CEO and Chairman of the Board)
Brian Pearce (Executive Vice President, Real Estate Services)
Courtney Jolicoeur (Chief Financial Officer)
Robert Penney (Chief Investment Officer)
Lori Hill (Senior Vice President, Investor Management)
Andrew Cox (Senior Vice President, Market Leader)
Dan Lowen (Senior Vice President, Portfolio Management)
Total assets $5.0 billion
Rainier Tower, Seattle Rainier Tower Seattle Washington.jpg
Rainier Tower, Seattle
One Nashville Place in Nashville, Tennessee One nashville place.jpg
One Nashville Place in Nashville, Tennessee

Unico Properties LLC (formerly University Properties Inc) is an American private equity real estate investment, development, and management company based in Seattle, Washington, focused on emerging markets across the United States. [1] It was founded in 1953. [2]

As of June 2022, it "manages a $5.2 billion real-estate portfolio", [3] amounting to 17 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]

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References

  1. "Unico Properties, Inc". Emporis. Archived from the original on October 18, 2018. Retrieved October 16, 2018.
  2. 1 2 "Company Overview of Unico Properties LLC". Bloomberg LP. Retrieved 18 October 2018.
  3. 1 2 Mazza, Sandy (September 21, 2018). "Downtown Nashville office tower fetches $139.5M from new investor". The Tennessean. Retrieved October 15, 2018.
  4. 1 2 3 "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.