Unico Keeps One Renton Place Management Contract

SEATTLE-Unico Properties, one of the largest, fully integrated commercial real estate firms in the Northwest, says it will continue to manage One Renton Place thanks to a renewed third-party management contract with HAL Real Estate Investments Inc.

The agreement, signed last month, means Unico continues to manage HAL’s entire south-end portfolio, consisting of 671,131 sf in five office properties including One, Two and Three Renton Place, Valley Office Park and Blackriver 800.

“In this economy where vacancy rates are high, Unico continues to be successful in its lease renewal efforts in Renton,” said Dan Novack, Unico’s general manager for the Renton portfolio. “The portfolio’s occupancy is currently 97% in a market where vacancy is 13%.”