Salt Lake City—December 4, 2017—CBRE has negotiated a 37,308-square-foot lease at Six Gateway for Woodside Homes, a residential home builder headquartered in Salt Lake City. Peter Black of CBRE represented the tenant, Woodside Homes, in the transaction.
Located at 460 West 50 North in Salt Lake City, Six Gateway has excellent visibility and immediate access via I-15 and Utah Transit Authority’s FrontRunner and TRAX commuter lines. Additionally, the location lends access to a variety of amenities including over a dozen restaurants at The Gateway. Six Gateway is a Class A office building totaling approximately 104,000 square feet and consisting of four floors. Woodside Homes will be leasing space on the second and third floors, expanding their heaquarters space to approximately 37,000 square feet.
“Woodside is a thriving company and, as a result, they are outgrowing their current space in Six Gateway,” explained Peter Black. “When more space opened up in the building we had to act quickly. With the help of our Project Manager, Charles Gaddis, we were able to negotiate a mutually beneficial agreement for both Woodside and the landlord.”
The new lease agreement includes tenant improvements, which are currently being carried out. Following the completion of these improvements, Woodside Homes plans to commence occupancy of suite 200 in January 2018 and suites 300 and 310 in April 2018.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About Woodside Homes
Founded in 1977, Woodside Homes has 40 years of experience in residential home development. Priding themselves in being “Better By Design”, Woodside Homes specializes in sustainable home design and building. Woodside Homes is headquartered in Salt Lake City, developing homes throughout the state of Utah. Additionally, Woodside has offices and residential communities in Arizona, California and Nevada. To learn more visit www.woodsidehomes.com.
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