Unico Properties LLC Gravitates to Stability of Lake Oswego Office
An office property in Lake Oswego, OR recently sold to private equity real estate investment firm Unico Properties LLC, a subsidiary of Unico Investment Group LLC, on behalf of its clients. The project was more than 90 percent leased to a diverse tenant roster at the time of sale. The price was undisclosed.
CBRE’s Charles Safley, Paige Morgan and Tom Pehl represented the seller, San Francisco-based real estate investment firm Shorenstein, in the transaction. Nick Santangelo of CBRE’s debt and structured finance team arranged the acquisition loan on behalf of the buyer.
“The stability of the asset, strong surrounding demographics and improving market fundamentals fueled significant interest in the property,” said Safley.
Located at 5800 and 6000 Meadows Rd., the 203,069-square-foot property is comprised of two class-A office buildings that were originally constructed in 1999. The property is near I-5 and OR 217, connecting Lake Oswego to the rest of the Portland metro area.
“The opportunity was well-received by the lending community, enabling us to secure competitive financing for Unico’s vision,” Santangelo adds.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.