Salt Lake City – February 6, 2014—The Salt Lake City office of CBRE today announced that three new tenants have signed leases totaling 31,547 square feet at 257 Tower in Salt Lake City. CBRE’s Eric Smith, First Vice President, and Jessmine Kim, Associate, represented the landlord, 257 Holdings, LLC (an affiliate of Nearon Enterprises) in the transactions.
Located in Salt Lake’s downtown commercial business district at 257 East 200 South, 257 Tower is an Energy Star Certified office building. The entire top floor of the building, totaling 20,420 square feet, was leased by Aetna, a leading diversified health care benefits company. Mark Alexander, Senior Vice President of Jones Lang LaSalle, represented Aetna in the transaction. Dart Adamson & Donovan, LLC—a local law firm—has leased 9,443 square feet on one of the building’s upper floors. Eric Smith represented Dart Adamson & Donovan.
“257 Tower offers a great amenity base and large floor plates”, stated Smith. “Dart Adamson & Donovan specifically chose this location because they were looking to establish their presence in a building with high-class renovations. They were able to lease space on one of the top floors and capture unobstructed views of the Salt Lake Valley.”
In addition to the office space which was leased, the building has a new restaurant tenant that has signed a 1,684-square-foot lease on the first floor. The Panini Fix, a custom sandwich shop which provides breakfast, lunch and catering services, is now open. Jami Marsh, Vice President with Coldwell Banker Commercial Intermountain, represented The Panini Fix.
“The tenants in the building are excited to have this new on-site restaurant,” said Eric Smith. “The Panini Fix provides a valuable amenity to the building.”
In 2012, 257 Tower underwent renovations to the building’s exterior entry, which include modernized lighting and finishes, new monument signage, architectural details and a new ADA elevator. Pending design approval, there are also plans to renovate the building’s main lobby and courtyard in 2014.
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 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 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.