SALT LAKE CITY — Manova Partners, a boutique international real estate investment manager with a presence in Europe, North and South America, and Australia, announced the purchase of 60 Park Ave, a 97% leased, Class A trophy office building in Sugar House, a premier live-work-play neighborhood in Salt Lake City.
“We couldn’t wish for a better entry into Salt Lake City, a market we’ve long admired,“ said Chris Quiett, Head of US Operations, Manova Partners. “We consider this a wonderful opportunity to acquire the stand-out office building in what we see as the city’s most vibrant live-work-play neighborhood,” he added.
The six-story building, which sits on just over 4 acres, was completed in 2020 and is LEED Gold O&M certified. The 143,806 square foot building features floor-to-ceiling glass curtain walls allowing abundant natural light and 360-degree views of the surrounding Wasatch mountain range and downtown skyline.
Amenities include a tenant lounge with phone pods, TV, a pool table and vending machines, a secure bike room, and a 24/7 fitness center. 60 Park is surrounded by more than 4,000 multifamily units and 2 million square feet of artisanal and grocery-anchored retail as well as restaurants, cafes, bars, three golf courses and 137 acres of parkland. The building is also a 12-minute drive from downtown Salt Lake City and Salt Lake City International Airport.
Tenants at 60 Park include FTP Power, Filevine, Arena Communications, RBC Capital Markets, and Sotheby’s Realty.
60 Park Ave was marketed for sale by CBRE.
About Manova Partners:
Manova Partners is an international real estate investment manager with approximately €11 billion in assets under management, covering 174 properties across Europe, North America, and South America. In addition to customized solutions (individual funds, fund-of-funds, and umbrella funds), Manova Partners also offers global club deals, multi-investor funds, and asset management mandates for German and international investors. The focus is on the office, retail, logistics, and residential sectors. Manova Partners’ approximately 160 real estate experts are closely networked within the market through their 18 regional offices in Europe, North and South America, and Korea. The company was founded in 2000 as GLL Real Estate Partners and was part of the Australian Macquarie Group from 2018 to 2024. Since December 2024, the company has operated as Manova Partners GmbH (HRB 134934) with headquarters in Munich. The company’s shares are exclusively owned by its employees.