Salt Lake City - August 8, 2016 – The Salt Lake office of CBRE today announced that Marriott Vacations Worldwide (”MVW”) has solidified a long-term lease at the Time Square Office Complex, located at 310 West Bearcat Drive in Salt Lake City, Utah. The new lease encompasses the entire building and totals 79,474 square feet. Scott Wilmarth, executive vice president with CBRE, represented MVW in the transaction.
Adjacent to both I-80 and I-15, the site is extremely accessible, as well as visible. MVW has employed a customer and owner services group within the complex since 1998 and plans to add unique amenities, such as picnic areas, barbecue grills and a recreation area as part of the new lease commitment.
Marriott Vacations Worldwide Corporation (NYSE: “VAC”) is a leading global pure-play vacation ownership company, offering a diverse portfolio of quality products, programs and management expertise with more than 60 resorts. Its brands include Marriott Vacation Club, The Ritz-Carlton Destination Club and Grand Residences by Marriott. Since entering the industry in 1984 as part of Marriott International, Inc., the company earned its position as a leader and innovator in vacation ownership products. The company preserves high standards of excellence in serving its customers, investors and associates while maintaining a long-term relationship with Marriott International. For more information visit http://www.marriottvacationsworldwide.com/
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.