August 13, 2013

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South Temple Tower Sold to Maier Siebel Baber

Press Release

August 13, 2013

Salt Lake City — Maier Siebel Baber (MSB) has purchased 136 East South Temple, now known as the South Temple Tower.

South Temple Tower is a 24-story, 216,976 square foot high rise in the central business district. MSB plans to retrofit the office building and has appointed Architecture Design to oversee this process. The plans include a completely renovated and refurnished two-story, class-A lobby, a new main entry plaza, completely renovated elevator lobbies with class-A finishes, new exterior skin on the lower portion of the building and a pedestrian sky-bridge connecting the building to the rear parking garage.

“The planned upgrades will enhance the entire look and feel of the building and create a true class-A image for South Temple Tower,” said Kenneth Baber, president and CEO of MSB.

Maier Siebel Baber is based in San Francisco. It previously owned more than 1 million square feet of office space in several Salt Lake area office buildings. They currently own Lone Peak Center, a three-story, 87,785 square foot, office building in Draper.

The Salt Lake City office of CBRE facilitated the sale. Craig Thomas, Eric Gustafson and Eric Smith represented the seller.

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