SALT LAKE CITY – May 12, 2020 – CBRE’s Salt Lake City office has been selected to oversee the leasing and management of South Towne Corporate Center, two premium Class-A office towers located on nearly 11 acres in Sandy, Utah. Scott Wilmarth, Nadia Letey and Melina Miramontes will oversee the leasing of the property.
A premiere office development, South Towne Corporate Center (the Center) is located east of I-15 with access from both the 90th South and 106th South freeway exits, as well as the newly completed connector via Monroe Street. Situated within the main business row of Sandy in the Silicon Slopes technology corridor, the site boasts a central location that provides easy access for a workforce spanning the entire Wasatch Front. Currently there are two full floors available for lease in the Center’s total 262,219 square feet.
“South Towne Corporate Center offers the feeling of a downtown environment outside of the city center,” noted Nadia Letey, first vice president. “The site has access to an abundance of retail and dining options, all within minutes of Utah’s world-class skiing and outdoor recreation. It truly offers the best of both worlds—a mix of outdoor play and entertainment options conveniently close to the office.”
The properties feature two-story wood- and stone-clad lobbies; efficient floor plates; three high-speed elevators in each building; base storage; and “smart building” high-tech features, such as CAT 6 wiring and computer-controlled access monitors and upgraded electrical and command security systems. They also include covered parking with a parking ratio of 5.1/1,000 SF. The buildings are owned by EverWest and Independencia, two institutional real estate investment firms.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), 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 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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 EverWest Real Estate Investors LLC
EverWest Real Estate Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is a real estate investment and operating company based in Denver, Colorado. The company’s goal is to create significant value for investors through a combination of capital appreciation, strategic acquisition, development, capitalization, repositioning and management of commercial real estate assets. For more information on EverWest, visit www.everwest.com. For more information on GWL Realty Advisors, visitwww.gwlra.com.
Independencia Asset Management LLC (“IAM”)
IAM is a real estate asset management firm headquartered in Miami with an additional office in Boston. Since incorporating in the United States in 2004, IAM has invested in more than 18 million square feet of core-plus and value-add office, retail and industrial assets in 19 states with 10 different local operating partners. To date, IAM has invested in over $3 billion worth of real estate assets through 50 different SPEs. IAM’s current portfolio consists of approximately $2.3 billion of assets under management through 32 different SPEs. IAM’s parent company, founded in Santiago in 1990, currently manages the largest real estate investment fund in Chile and is considered the country’s industry leader in terms of size and fund yields. For more information, please visit http://www.independencia-sa.cl