University Properties Inc. (today Unico Properties LLC) was founded in 1953 by real estate entrepreneur Roger Stevens, to lease, manage, and develop the University of Washington’s 10-acre Metropolitan Tract in Seattle. Over the next four decades, Unico developed several office towers on and off the tract, including the iconic Rainier Tower in 1977 and Two Union Square in 1989.
In 1996, the company diversified its Seattle office holdings via a regionally focused strategy, and acquired significant investment properties throughout the western United States, while diligently building a reputation for excellence in customer service and sustainability.
Over the last 15 years, the company has expanded its portfolio to 13 million square feet in 11 western U.S. markets through significant investment of its own capital alongside joint venture capital from institutional and private investors.
