Patrinely Group announces first office lease at 650 Main
Salt Lake City — A development venture comprised of Patrinely Group and USAA Real Estate today announced the first office lease at 650 Main with EnerBank USA®. Located at the corner of Main Street and 600 South in downtown Salt Lake City, 650 Main is a 10-story, 326,000-square foot Class A office building.
“We are pleased to announce our first office lease in 650 Main with EnerBank USA,” said Robert Fields, president and CEO of Patrinely Group. “We think we have a building that today’s office users are looking for in a new development. We are creating an amenity-rich environment with large light-filled floor plates and tall ceiling heights, along with generous parking and unimpeded views. This transaction is a testament to the attractiveness of 650 Main.”
EnerBank USA selected 650 Main because of its prime location, ease of access to Interstate 15, and adjacency to a future TRAX light rail station, along with the building’s efficient design and modern amenities. The national consumer lender company will occupy 88,900-square-feet on the top three floors of the building, starting in early 2022.
Designed by HOK, an innovative global design firm, 650 Main will boast highly efficient floor plates, a diverse mix of Class A offerings, such as floor-to-ceiling glass and 10- and 11-foot ceiling heights to maximize sunlight, outdoor tenant terraces, and mountain views. Amenities will include a tenant exclusive fitness center with men’s and women’s locker rooms, bike storage, private courtyard, flexible conference facilities for small or large groups, a large lobby with seating areas, and onsite restaurant space with indoor and outdoor dining options.
“Moving to 650 Main reflects the growth we’ve achieved and best matches our development plans for the future,” said Charlie Knadler, president and CEO of EnerBank. “This location will provide employees more convenient access to public transportation while offering them excellent amenities and a productive working environment to give our customers the best service possible.”
Set to begin construction in spring 2020, 650 Main will be designed for LEED Gold certification. Floor plate sizes range from 40,000 rentable square feet on the lower floors (levels 1-4) to 29,500 rentable square feet on the upper floors (levels 5-10). 650 Main is currently slated to open in the early first quarter of 2022.
Expansion opportunities on site can accommodate up to an additional 326,000 square feet available in 645 W Temple, a future adjacent office building representing a second phase of the development masterplan.
Dennis Tarro of Patrinely Group and Aaron Jones, Todd McLachlan and Roman Bernardo of Newmark Knight Frank represented the Landlord.
For more information about 650 Main visit us online at www.650main.com.
About EnerBank USA—America’s home improvement lender of choice
EnerBank is a highly specialized Member FDIC bank headquartered in Salt Lake City that helps strategic business partners (i.e., home improvement product manufacturers, distributors, franchise organizations, and trade associations) and independent home improvement contractors increase their sales. For over 15 years, EnerBank USA has helped home improvement contractors grow their businesses and enabled homeowners to have the home of their dreams. Through mobile, online and phone application choices, homeowners get a credit decision in minutes, resulting in higher close rates, and bigger jobs for contractors. Homeowners enjoy Same-As-Cash loans and low interest, low monthly payment loans, while contractors increase their sales. EnerBank USA is a fair housing lender and makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status. Visit enerbank.com for more information.
About Patrinely Group, LLC
Patrinely Group is a national real estate investment, development and management firm focused on large scale, Class A mixed-use, office and multifamily properties in major markets. Recognized as a leader in real estate development since 1983, Patrinely Group has completed $10 billion in transactions and is experienced with all real estate asset classes. For more information, visit www.patrinelygroup.com and www.650main.com
About USAA Real Estate
The mission of USAA Real Estate is to strengthen the profitability and diversity of the USAA investment portfolio and those of its investor clients by acquiring, developing, financing and managing quality real estate investments. The portfolio consists of office, industrial/logistics, multifamily, retail and hotel properties. Visit www.usrealco.com for more information.
About Newmark Knight Frank
Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 18,000 professionals operate from approximately 480 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.