Unico Properties Sells 216,000-SF Commonwealth Bldg

Unico Properties sold the Commonwealth Building at 421 SW Sixth Ave. in Portland, OR to KBS Capital Advisors on behalf of its KBS Growth & Income REIT for $69 million, or about $319 per square foot. Originally built in 1948, the 15-story, 216,099-square-foot office building was completely renovated in 2015. It features flexible creative office layout, rooftop amenity deck, conference facilities, tenant lounge, bicycle storage and on-site fitness…

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