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Unico Expands Puget Sound Portfolio with Eastside Acquisition

Seattle-based Unico Properties LLC, a subsidiary of Unico Investment Group LLC, acquired Marymoor Technology Building in Redmond, WA in a deal that sources say closed for roughly $25 million. The 79,197-square-foot, two-story office property and a 144-stall surface parking marks Unico’s first investment in the Redmond market.

Unico’s Andrew Cox says, “Unico has long loved the Eastside—it’s always been an attractive market, but now has the added benefit of an incredibly strong mix of diverse and growing tenancy which would be the envy of any U.S. market.”

He cited the growth of global technology giants opening new campuses in the city, as well as new light rail connections, as key considerations weighing in the market’s favor. The 100%-leased property is situated on a 3.44-acre parcel.

NKF’s Kevin Shannon, Nick Kucha, Michael Moll, Ken White, Tim O’Keefe, and Bill DeLacy, along with Broderick Group’s Paul Jerue, Tyler Slone, and Eric Meussner represented the undisclosed sellers.

For comments, questions or concerns, please contact Dennis Kaiser

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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
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