CBRE to Jointly Oversee Leasing and Marketing for CommonGrounds' New Salt Lake City Workplace

The Salt Lake office of CBRE today announced that they are teaming up with CommonGrounds Workplace to market and fill their newly opened Workplace-as-a-Service and coworking location in downtown Salt Lake City. Located at 132 South State Street in the historic Orpheum Theatre, CommonGrounds has restored and repurposed the building as a flexible workplace. David Bauman, Kreg Peterson and Brad Davis with CBRE are overseeing the project.

The downtown Salt Lake City workplace is the first to open as part of the company’s $100 million Series A expansion program. Native to Salt Lake City, CommonGrounds’ CEO Jacob Bates transformed the entire 19,792-square-foot three-story location while preserving the façade to maintain the building’s historic significance for the community. The workplace is built out with several video-enabled meeting spaces, pantries on each floor, and a dedicated barista in the large communal entry. Extensive technology upgrades to the building’s IT and infrastructure include dual-provider gigabit speed internet with enterprise-grade security, among others. The company held a grand opening in March of this year to introduce the newly renovated site to the market; the building is currently 35% occupied.

David Bauman, director, commented, “Utah has long been known as an innovative state, and this characteristic can be seen in the number of startups the area produces. CommonGrounds saw the benefits of adding Salt Lake City to their quickly growing footprint to tap into the advantageous business climate and support the highly skilled workforce that resides here. At CommonGrounds, companies will find beautifully functional workspace to provide their employees with a cutting-edge office environment.”