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August 23, 2017
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EverWest Real Estate Partners and Independencia Asset Management Team Up in 262k sf Utah Office Buy

4/05/17

In a recent office sale out of Utah, a joint venture between EverWest Real Estate Partners and Independencia Asset Management has purchased South Towne Corporate Center, a two-building, Class A property totaling 262.2k sf in Sandy, a suburb of Salt Lake City. The price was not disclosed.

Kevin Shannon, Ken White and Rick Stumm with NGKF, along with Eli Mills of CBRE, represented the seller, a joint venture between Oaktree Capital Management and Hines. The same brokerage team also represented the buyer in the deal.

“South Towne Corporate Center is one of the premier suburban office projects in the Salt Lake City market. The unrivaled physical asset quality, along with the central location and proximity to surrounding amenities, have consistently attracted top tier tenants to the property,” said Shannon. “New ownership is inheriting a best-in-class asset in a highly desirable, tech-driven submarket with stable cash flow and an impressive credit tenant roster.”





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