High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Seattle & Northwest  + Office  | 

Unico Acquires Westlake Tower in Seattle’s CBD for $236M

Unico Properties LLC reportedly acquired Westlake Tower, a Class-A high-rise in Seattle’s CBD, from TIAA for $236 million. Westlake Tower was acquired as part of the Seattle-based private equity real estate investor’s core-plus investment fund.

The 365,674-square-foot, 25-story office tower portion of Westlake Center is 95% leased. Developed in 1988 as part of the Westlake Center mixed-use development, the tower recently received extensive renovations totaling $34 million.

The asset sits above Westlake Center, an enclosed retail center, as well as Westlake Station, which connects to multiple transit options.

Unico’s Andrew Cox says, “A desirable high-rise experience in a recently repositioned tower with enviable views and unmatched retail amenities, combined with what is arguably the most transit-rich location in all of the CBD, are just a few of the many highlights of this investment.”

CBRE’s Tom Pehl, Todd Tydlaska, Lou Senini, and Chais Lowell represented the sellers. CBRE’s Brad Zampa, Michael Walker, and Megan Woodring arranged acquisition financing.

Connect Seattle is set for November 7th at Coterie Worklounge. Plan to join us for the afternoon of CRE conversations and networking. You can find out more information and register on this link.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Unico’s CoxConnect With CBRE’s Pehl

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
New call-to-action