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Unico Expands Salt Lake City Footprint with City Centre I Buy

Unico Properties LLC, a subsidiary of Unico Investment Group LLC, acquired City Centre I, a 229,600-square-foot, Class A high-rise in downtown Salt Lake City. The 10-story office building, and an adjoining 1.8-acre surface parking lot, marks Unico’s third investment in the city and brings Unico’s portfolio in downtown Salt Lake City to more than one million square feet.

Located in the CBD, the property encompasses half a city block on State Street. The building is situated on the TRAX light rail line, and offers direct freeway access to I-15 as well as excellent walkability throughout the downtown core.

City Centre I is one of Unico’s major transactions in the third quarter of 2018, which total $750 million and comprise 1.8 million square feet of office space. In July, the firm purchased a full-block, Class A portfolio in Seattle’s CBD; and in September acquired Moda Tower in Portland, OR., and the iconic One Nashville Place in Nashville.

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