One Seventy South Main in downtown Salt Lake City sees an increase in office leasing activity in the first half of 2024

Salt Lake City — One Seventy South Main, a 16-story, 260,263-square-foot Class A office tower in the heart of downtown Salt Lake City, Utah, is seeing an explosion of new leasing activity amid a “flight to quality” rental environment. In the first half of 2024, the building at 170 S Main St downtown attracted four new office tenants, totaling an increase in occupancy of 34,500 square feet. The property is owned by Salt Lake City-based Fort Street Partners, which owns and manages more than 1 million square feet of commercial office, medical and retail space throughout Utah.

One Seventy South Main has unique architecture and is carefully angled to capture dramatic views of the Wasatch Mountains and the Great Salt Lake. The tower recently completed an extensive upgrade of its tenant amenity space in the second half of 2023, including a new 100-person training room, full-service kitchen, tenant lounge/game area, quiet room/library and indoor bicycle storage. . The building also has a fitness center, two restaurants and a UPS store all on site, adding to its appeal to downtown businesses.

“We are excited to see the success of the lease at 170 S Main Street. We have made a significant investment in the downtown Salt Lake City office market and it is rewarding to see our tenants enjoy a vibrant work environment. Cushman & Wakefield has done an excellent job in leasing and we expect to see continued success as the market improves,” said Fort Street Partners CEO Jim Balderson.

Cushman & Wakefield Executives Mike Richmond and Dana Baird are leading the marketing efforts for the property and represented the landlord in the quartet of lease signings. Ranging in size from 3,000 to 22,500 sq ft, the tower’s newest tenants include Tru Fru, LLC, Fidelity National Title Company, Suitter Axland, PLLC and Utah Water Ways, Inc.

“The pandemic has led to greater tenant demand for higher-quality office environments for employees, and particularly locations that emphasize overall enjoyment and well-being. Design elements that promote health/wellness, amenities, outdoor space and a comfortable home-like atmosphere have become preferred locations. One Seventy South Main is a stylish, well-balanced, modernized project that checks each of these boxes and more,” said Dana Baird. “For these reasons and more, we continue to see increased tower leasing activity from a variety of exciting tenants through 2024.”

Mike Richmond added, “The project’s central downtown location easily connects employees with convenient access to shopping, dining, entertainment and more. The building is within walking distance to several key downtown attractions, including City Creek Center, Eccles Theater, Capital Theater, UTA Trax stations, Gallivan Plaza, and several area restaurants. It’s also easy to cycle and close to public transport and major motorways.”

Downtown Salt Lake City is also just 10 minutes from the newly renovated Salt Lake City International Airport, which is currently undergoing Phase 3 construction as part of its multi-phase expansion worth more multi-billion dollar project, scheduled for full completion by 2026, and within 30 minutes. minutes to world-renowned ski resorts.

One Seventy South was a 2019 BOMA International TOBY Award winner.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenues of $9.5 billion from its core services of property, facilities and project management, leasing, capital markets and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

About Fort Street Partners
Fort Street Partners owns and manages over 1,000,000 square feet of commercial office, medical and retail space throughout Utah. Fort Street Partners continues to build its portfolio valued at more than $300 million, while offering a broad range of services including ground-up development, property and construction management, property accounting and leasing services. The executive team is comprised of professionals with a deep understanding of the Utah commercial real estate market, decades of experience, and a focus on delivering exceptional returns for our investors.

For additional information, visit www.fortstreetpartners.com

Media contact:

Joshua Deale

Cushman and Wakefield

Communication Manager, West Region

+1 415 677 0423

(email protected)