Salt Lake City — The Salt Lake City office of CBRE has signed a new lease at 60 Park in the Sugar House Business District. The new tenant, RBC Capital Markets, LLC (RBC*), leased just over 4,800 square feet of office space on the third floor. Scott Wilmarth and Nadia Letey represented the landlord in the transaction, Sugarhouse Property LLC, which is owned by certain funds managed by Westport Capital Partners. The property is managed by CREDE. Jeff Rossi of Newmark represented RBC.

60 Park is a new six-story, Class A multi-tenant office building totaling approximately 150,000 square feet. Located at 2290 South 1300 East in Salt Lake City, the property is ideally located along I-80 boasting excellent visibility and direct access to dozens of restaurant, entertainment and retail amenities. 60 Park offers panoramic views in a park-like setting, abundant structured parking, an on-site fitness facility with locker rooms and an efficient floor design.  

“RBC was drawn to the mix of amenities and access to nature that is offered in the Sugar House neighborhood, making 60 Park an ideal option for their office relocation,” noted Nadia Letey, senior vice president of CBRE.

60 Park is part of the three-building Park Avenue development, a nine-acre project offering direct access to Sugar House Park through the newly constructed pedestrian tunnel under 1300 East. 60 Park is flanked by the two other buildings in the development—a medical office facility which houses a new ambulatory care center for the University of Utah, and a multifamily building encompassing 238 apartments.

“Starting with its premier Sugar House location, Park Ave exceeded everything on our checklist for our growing team and the clients we serve throughout Salt Lake City and the region,” said RBC Wealth Management complex director and senior managing director, Dan Ball. “From its convenient I-80 access and diverse public transportation options to thoughtful office layouts and high-end finishes, this is a property and location that reflects our long-term and growing commitment to Salt Lake City. We’re eager to begin calling this beautiful new space home later this spring and to having our employees and clients take full advantage of the stunning views, as well as the lineup of restaurants, retail and entertainment options. We look forward to calling Park Ave home as we continue to grow and deliver our full scope of wealth management services.”

*RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, 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.