Unico Properties, a Seattle-based real estate investor and full-service operator, has closed on the purchase of two mixed used buildings in Denver, CO that comprise the Platte Portfolio. Terms of the deal were not disclosed, though Unico did note that it would serve as the property manager for both buildings, purchased from Plante Properties.
"Continuing our investment momentum with the acquisition of one of Denver's premier, historic portfolios underscores our on-going commitment to growth, expansion, and long-term presence in Denver," said Ned Carner, Unico Properties VP of acquisitions. "We're thrilled to own and invest in the Zang and Root buildings and in the Platte Street submarket. With these acquisitions, we plan to further enhance the district's reputation as a premier destination to work, dine, live and play with a robust workforce, proximity to mass transit, top restaurants, and a strong retail presence."
The Zang Building at 1553 Platte Street is a 48,254-square-foot, class-A mixed-use building with three levels plus one lower level. The Root Building at 401 15th Street is a 51,872-square-foot, class-A mixed-use building that is on the National Register of Historic Places. Both buildings are essentially fully leased, and offer a generous amount of parking at two spaces per 1,000 square feet ratio.
For more news and information visit Blumberg Capital Partners.
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