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Unico, Partners Group Acquire Bellevue Connection MXU, Plan Cascadian in SLU
Partners Group and Unico Properties LLC, a subsidiary of Unico Investment Group LLC, announced the purchase of Bellevue Connection in Bellevue’s CBD (pictured above). The acquisition consists of a three-story, 227,811-square-foot mixed-use building with a 797-stall, four-story subterranean parking garage at 550 106th Ave. NE.
Unico’s Andrew Cox says, “This was a rare opportunity to acquire a well-located asset in a market that has seen unprecedented levels of absorption.”
Originally developed in 1999 as the 11-screen movie theater “Bellevue Galleria,” Bellevue Connection was converted into an MXU office project in 2008. Eastdil Secured’s Jason Flynn and Reid Rader represented the unnamed seller. Acquisition financing was arranged by Eastdil Secured’s Matt Haden.
Partners Group and Unico also announced plans for Cascadian, a speculative office development at 330 Yale Ave. E. in Seattle’s South Lake Union district. The more than 211,000-square-foot creative building in the Cascade neighborhood is expected to deliver in early 2021.
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- ◦Development
- ◦Sale/Acquisition

