Unico Properties LLC’s Post

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Big Announcement: We are thrilled to announce a new future for Alaska Airlines’ employees with their purchase of a 19-acre property at our Longacres campus in Renton, Washington, which will become home to the airline’s world-class training programs. The new training hub will enhance the training experience for flight attendants, pilots, customer service agents and more, as well as centralize operations into one facility. We purchased Longacres from Boeing in December 2021. The site housed Boeing Commercial Airplane HQ in prior years. Longacres is a 173-acre campus that is being planned for a vibrant, diversified, mixed-use campus that includes an Arts and Entertainment District, miles of walking and jogging trails, ponds and scenic wetlands, and direct access to the Renton/Tukwila Sound Transit Station. Alaska’s purchase from us includes the 600,000-square-foot facility that Boeing purposefully built to house an aviation training facility. Alaska plans to invest an additional $100 million to renovate the space. Alaska previously occupied the building which they have now purchased. We are grateful for the long-term partnership we’ve had with Alaska – in 2023, we secured a 20-year renewal and expansion of Alaska Airlines’ lease to 107,000 square feet at this property. Alaska originally held approximately 38,000 square feet of space in the building. “This major commitment by Alaska alongside the significant investment made by the Sounders in opening its new training facility earlier this year, has created significant momentum for the mixed-use campus. Given these events, Renton is a bright spot in the region and we’re excited to build upon these announcements to bring other beloved Northwest brands to our exciting new community,” said Elizabeth Thorson, Unico Properties Director, Market Leader. “We’re pleased to have secured in excess of 670,000 square feet of occupancy since acquiring the property in a difficult office environment throughout the country.” “It is great to see this special 173-acre campus come to life with the opening of the Sounders FC practice facility and now the thousands of Alaska Airlines employees that will frequent the site,” said Ned Carner, Founder Wing Point Partners who worked with Unico to facilitate the sale. “We are one step closer to achieving our goal of an active campus that seamlessly brings the community to work, live, and recreate together.” For more details, check out the full story here: https://lnkd.in/ghNS7kUi Photo Credit:  NBBJ #UnicoProperties #AlaskaAirlines #Longacres #ArtsandEntertainmentDistrict #Boeing #WorldClass #CRE #CommericialRealEstate #Renton

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Sarah C.

Chief of Staff at NAEGELI Deposition & Trial

4mo

Having worked for Alaska Airlines and now working in a Unico Properties LLC building, I know that Alaska Airlines employees are truly going to benefit from this wonderful collaboration! 💙

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