SALT LAKE CITY — JLL announced Baltic Pointe, Utah’s first mass timber building located in the heart of the state’s Silicon Slopes tech hub, has reached 100% capacity. Signed tenants include venture capital firm Pelion Venture Partners; Redo, a consumer retail operations tech group; Vector, a defense and space manufacturing company; financial services firm PorchSoftware; and restaurant group Savory Fund.
JLL Senior Managing Director David Nixon handles marketing and leasing at Baltic Pointe on behalf of owner and builder, Gardner Group. Method Studios served as the architect for the project.
“This milestone at Baltic Pointe sets a new benchmark for sustainable office space in Utah, and is indicative of the market’s appetite for innovation not just in the work done here, but also in the spaces the work is done in,” said JLL’s Nixon.
Utah-based Pelion Venture Partners served as the kickoff tenant at Baltic Pointe and occupies an entire floor, giving the company 29,000 square feet of space.
“Baltic Pointe provides a one-of-a-kind environment for our employees and an unbeatable location in Silicon Slopes,” said Blake Modersitzki, Managing Partner at Pelion Venture Partners. “Quality office space like this allows us to continue attracting top-tier talent while staying in close proximity to our esteemed clientele. We admired Gardner’s commitment to delivering a first-of-its-kind offering and were proud to serve as the kickoff tenant onsite.”
Also leasing an entire floor is Redo, a retail tech solutions startup in high-growth mode. Drone manufacturing company, Vector, will occupy 21,000 square feet of space; PorchSoftware will occupy 15,000 square feet, and Savory Fund, Utah’s largest restaurant group, leased 13,000 square feet of space for its workforce. Baltic Pointe is expected to be fully occupied by fall 2025.
The new office building at 14761 South Future Way includes 125,000 square feet of Class-A office space and is the first in the state to be constructed entirely of wood. Known as mass timber construction, this sustainability-focused technique reduces carbon emissions by as much as 25% compared to other materials.
“We’re proud to lead the charge in sustainable office building practices in Utah,” said Mark Murdock, Partner at Gardner Group. “In addition to ensuring Baltic Pointe is the premier all-electric, energy-conscious office destination, we intentionally designed its functionality for the modern employee. This unique balance of aesthetics and sustainability has proved just as important for the companies that will soon call it home.”
Additional features at Baltic Pointe include gorgeous, exposed wood interiors, mountain views, easy access to I-15, and a range of amenities that forward-thinking companies have come to expect from quality office spaces. Employees have access to a world-class gym space with locker rooms, a pickleball and basketball court as well as an outdoor lounge. EV charging stations, a covered parking structure and several community spaces are also available onsite.
JLL’s Nixon added, “We’re thrilled with the strong list of tenants that have landed at Baltic Pointe. These businesses’ choice to secure long-term leases at the office building is further evidence of the value this sustainable building model provides in today’s modern work environment.”
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.