The highly sustainable project will boast nine stories of open, flexible office space with a 7,300-square-foot,
rooftop terrace offering protected views of Lake Union, Olympic Mountains, and downtown skyline
SEATTLE (January 13, 2021) — Partners Group, the global private markets investment manager, on behalf of its clients, and private equity real estate investment firm Unico Properties LLC, a subsidiary of Unico Investment Group LLC, celebrated a construction milestone with the topping out of Cascadian, their 211,066-square-foot creative office / life science development in South Lake Union’s historic Cascade neighborhood. With Sellen, the project’s general contractor, Partners Group and Unico marked Cascadian’s continued progress with the placing of the final beam on their nine-story, Class-A development.
Expected to deliver in the summer of 2021, Cascadian has been certified Salmon-Safe and is pre-certified LEED® Platinum (Core + Shell). Perkins + Will serves as the architect.
“We are thrilled to mark this milestone and this moment, which brings us closer to delivering Cascadian to tenants who want to make the Cascade Neighborhood of South Lake Union their new corporate address,” said Andrew Cox, Unico Senior Vice President and Regional Director.
“Cascadian is ideally situated in Seattle’s tech hub, with good transport links, proximity to the city’s Central Business District and access to urban leisure amenities. Importantly, Cascadian also closely aligns with Partners Group’s focus on sustainability and delivering positive stakeholder impact with its excellent sustainability credentials, an in-built solar energy system which will offset some energy usage, and plenty of outdoor space for tenants. We have already built significant value in the asset on behalf of our clients and look forward to its completion later this year,” said Ron Lamontagne, Managing Director, Co-Head Private Real Estate Americas, Partners Group.
Located on 330 Yale Avenue North in the heart of Seattle’s thriving Cascade neighborhood, Cascadian has all the benefits of a South Lake Union address—excellent transit options, close proximity to the Central Business District and Seattle’s premier neighborhoods, and a wealth of restaurants, bars, and retail. Once complete, Cascadian building will define the Cascade neighborhood through its elegant design and highly visible location at the intersection of the downtown core and Capitol Hill.
“This is an important benchmark in delivering the opportunity for a company to help define the neighborhood, in an elegant building that is exceptionally positioned to be seen by tens of thousands of commuters each day,” said Liz Thorson, Unico Director and Market Leader.
Sellen thanked their team for their commitment, hard work and extra effort, especially during a pandemic, in achieving this milestone with a celebratory lunch earlier this week. Cascadian project highlights:
- Exceptional green rooftop terrace offers tenants protected views of Lake Union, Space Needle, Olympic Mountains, and the downtown skyline while providing space for collaboration and ideation.
- Immediate access to the I-5 and direct connections to Metro and Sound Transit Express routes provides easy access to the building.
- Elegant, clean, and modern design that incorporates and reflects the hillside neighborhood.
- Unrivalled sustainability features including Salmon-Safe certification, LEED® Platinum pre-certification, ample green spaces at street-level and outdoor spaces, and 92 kW solar energy system which will offset 8% of the total energy use of the proposed building design.
About Unico Properties LLC
Unico Properties LLC, a subsidiary of Unico Investment Group LLC, is a commercial real estate investor, developer, and full-service operator focused on office and multifamily assets in emerging markets throughout the United States. Founded in 1953, Unico has been transforming the built environment by creating innovative, people-focused building experiences through a cadre of subsidiary companies that deliver boutique expertise and institutional execution for its own accounts and select third-party clients. The private equity real estate investment firm currently owns and operates 18 million square feet of commercial properties across the United States and continues to grow.
About Partners Group
Partners Group is a leading global private markets investment manager. Since 1996, the firm has invested over USD 135 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group is a committed, responsible investor and aims to create broad stakeholder impact through its active ownership and development of growing businesses, attractive real estate and essential infrastructure. With over USD 96 billion in assets under management as of 30 June 2020, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN).