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Unico Boosts Seattle Waterfront Footprint to 1M SF with Colman Building Buy
Unico Properties LLC, a subsidiary of Unico Investment Group LLC, purchased the Colman Building in Seattle’s iconic Waterfront from Goodman Real Estate for reportedly nearly $37 million. The acquisition pushed Unico’s Waterfront footprint to more than one million square feet.
Unico’s Andrew Cox says, “This was a great opportunity to acquire a classic Seattle asset known for its history and location that sits in the intersection of three transforming neighborhoods—the South CBD, Waterfront, and Pioneer Square.”
The Colman Building consists of a six-story, 160,164-square-foot historic office building, with ground-level retail encircling the entire property. Commissioned by Scottish immigrant and master machinist James Colman, it was constructed in several stages between 1889 and 1906 on a single parcel bounded by First Avenue, Marion Street, and Columbia Street. The property is 88% leased to a diverse roster of office tenants.
NKF’s Nick Kucha, Kevin Shannon, Cavan O’Keefe, Michael Moll, Bill DeLacy, Jakob Nicholls, and Jeff Hodson represented the sellers.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
