Skip to content
Unico Properties
  • Company
    Company
    • About Us
    • People
    • Careers
    • News
    • ESG
    Company

    Unico Properties is a private real estate firm offering people-focused, results-driven investment, development, management, and sustainability services in emerging markets across the United States.

    Read More

    Have a question?     Contact Us

  • Investment
    Investment
    • Approach
    • Investment Services
    • Funds
    • Investor Portal
    Investment

    From sourcing opportunities to initial underwriting, through ownership, to the final sale, Unico has the teams, tools and ideas to maximize value for each and every asset we own, manage, develop, or invest in.

    Read More

    Have a question?     Contact Us

  • Services
    Real Estate Services
    • Development
    • Property Management
    • Sustainability
    Tenant Services
    • Tenant Experience
    • Find My Property
    • Tenant Portal

    Have a question?     Contact Us

  • Portfolio
    Properties

    Unico owns and manages nearly 18 million square feet of office, multifamily, and mixed-use property across the United States, with more than a million square feet under development as well.

    View Properties

    Funds

    In the last 20 years, Unico has raised dozens of investment vehicles, including two discretionary institutional funds, four private high net worth funds, and numerous joint ventures.

    View Funds

    Have a question?     Contact Us

  • Case Studies
  • Contact
  • Investor Portal

Unico News

Unico Properties sells 2nd and Josephine Portfolio for $54 Million

The sale consists of four properties totaling over 100,000 square feet in the desirable Cherry Creek North Neighborhood

Category: Dispositions | Press

DENVER, Colorado (March 16 2023) – Unico Properties, a commercial real estate investor, developer, and full-service operator, announced that it has sold their 2nd and Josephine portfolio. The four properties total 101,203 square feet and are located in the Cheery Creek North Neighborhood of Denver.

Altus Properties, a real estate investment firm based in St. Louis, Missouri, purchased the assets for $54,000,000. The deal closed on March 16, 2023.

“With the properties at 100% leased, Unico Properties has fully realized our investment at 2nd and Josephine and look forward to what Altus Properties will bring to this portfolio,” said Billy Woodward, Unico’s Director, Market Leader for Denver. “From here, our fund is ready and excited to explore new opportunities in this market.”

Situated on single 1.4 acre parcel, 2nd and Josephine totals four buildings: 2401 East 2nd Ave is a six story office tower built in 1965; 220 Josephine St is a two story office and retail property built in 2002; 201 Columbine St is a three story office and retail building constructed in 2002; and 2415 East 2nd Ave is a single story retail building built in 2004. The property includes a five-story parking garage with approximately 260 stalls.

Unico originally purchased the asset in 2015 for $42,000,000.

 

Press Clips:

Unico Properties sells Cherry Creek property for $54 million
Altus Properties Pays $54M for Denver Portfolio 
Altus Properties Acquires 2nd & Josephine Portfolio in Cherry Creek
After 8-Year Hold, Unico Spins Off 4-Building Denver Property
Altus adds 2nd & Josephine to portfolio

Learn More

  • About Us
  • People
  • Careers
  • News
  • ESG

Share this Story

  • Email
  • Print
  • LinkedIn
Unico Properties

1326 Fifth Avenue, Suite 800
Seattle, WA 98101

(206) 628-5050

  • LinkedIn
  • Facebook
  • Instagram
  • Twitter
  • About Unico
    • Company Overview
    • Careers
    • ESG
    • News
    • Our Properties
    • Case Studies
  • Investment
    • Investment Services
    • Approach
    • Funds
    • Investor Portal
  • Real Estate Services
    • Development
    • Property Management
    • Sustainability
  • Tenant Services
    • Tenant Experience
    • Find My Property
    • Tenant Portal

Copyright 2025 Unico Properties

  • Terms of Service
  • Privacy Policy
  • TIC MRF Compliance
Unico Properties
  • Company
    • About Us
    • People
    • Careers
    • News
    • ESG
  • Investment
    • Approach
    • Investment Services
    • Funds
    • Investor Portal
  • Services
    • Real Estate Services
      • Development
      • Property Management
      • Sustainability
    • Tenant Services
      • Tenant Experience
      • Find My Property
      • Tenant Portal
  • Portfolio
    • Portfolio
    • Funds
  • Case Studies
  • Investors Portal
Contact Us

‹ › ×