A successful off-market acquisition
Unico acquired this 251,095 square foot office building from Qwest Communications in 2006 in an off-market transaction. At the time, the building was 100% vacant and, because it had been owner-occupied for a long period, it had substantial deferred maintenance and capital improvement needs. Unico and its capital partner, Broadreach, were successful in securing the building from Qwest due to a similar purchase from Qwest in Portland a year earlier (The Lincoln Building).
1915 Terry is a 251,095
square foot office building
in Seattle, Washington