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3/15/21
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95 State at City Creek, a new, 515k sf Class A office tower being developed in the heart of downtown Salt Lake City, UT, has secured its first two tenants, which leased a combined three full floors totaling approximately 75k sf of space. Cushman & Wakefield’s Mike Richmond and Dana Baird are handling leasing for the 25-story, state-of-the-art high-rise.
Stoel Rives LLP, a business law firm providing corporate and litigation services throughout the US, agreed to a multi-floor lease totaling approximately 50k sf in the building. Stoel Rives plans to move its local offices from another location in downtown Salt Lake City to 95 State in the first quarter of 2022. C&W’s Richmond represented Stoel Rives in the transaction.
The second tenant signed aboard the new tower is an undisclosed global financial services firm, which signed a full floor lease totaling approximately 25k sf that it plans to occupy upon project completion expected in late 2021. Jeff Rossi and Trigger Reital of Newmark Knight Frank represented the tenant in the transaction.
95 State at City Creek is prominently located at 95 State St and is being developed by City Creek Reserve Inc. On pace to complete construction in the fourth quarter of 2021, the game-changing project is incorporating cutting-edge technology to employ several touchless enhancements from the entry door and throughout the property to reduce traditional touch points to create a safer and healthier workplace experience for tenants and visitors. The tower is also designed to be Utah’s first WELL Building and designed to achieve LEED Gold and Wired Platinum Certifications.
Other key features and design elements include a unique outdoor garden terrace on the fifth floor with 7k sf of landscaping creating a pocket park in the sky. A grand 28-foot lobby entrance features a large video wall, and a fitness facility is also located on the fifth floor.
A significant amenity for 95 State is The Link, a renovated and expanded underground pedestrian tunnel connecting directly to City Creek, Salt Lake’s world-class, mixed-use urban core offering upscale shopping and dining destinations and ready access to downtown arts, entertainment and professional sports venues.
Downtown Salt Lake City is just 10 minutes from the newly renovated Salt Lake City International Airport—which recently opened a new concourse as part of its $4.1 bil phased expansion scheduled to be fully completed by 2024—and within 30 minutes to world-renowned skiing locations.
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