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February 29, 2024
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TEXAS/SOUTHWEST NEWS
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Recent Spate of Lease Signings Brings Salt Lake City Office Building to 100% Occupancy

6/07/23

The have been four lease signings at 222 South Main Street, a 22-story Class A office building in Salt Lake City, bringing the building to 100% direct occupancy. The property is owned by KBS.

CBRE’s Scott Wilmarth and Nadia Letey represented the landlord, KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, in the lease negotiations.

The leases, which involve nearly 30k sf of space, include:

• UMB Bank, the Missouri-based financial services holding company, has signed a lease for 6.2k sf on the second floor.
• Greenberg Traurig, the global law firm, has signed a 4.2k sf lease expansion, bringing the company’s total occupancy to 14.6k sf.
• CBRE, based in Texas and the world’s largest commercial real estate services and investment firm, has signed a lease renewal for 13k sf.
• HKS Architects, the international design firm, has signed a lease for 5.8k sf on the second floor.

CBRE’s Scott Wilmarth and Nadia Letey represented the landlord in the transactions.

The property is located at 222 S. Main St and is proximate to several local amenities including restaurants, hotels, entertainment venues and public transportation stations. The building features an on-site café, a secured bike rack, locker rooms, storage space, on-site property management, dry cleaning services, on-site car wash services and a future fitness center scheduled to open in fall 2023.

According to CBRE Research, Salt Lake City's office market secured 444,062 square feet in lease transactions in Q1 2023, with the Central Business District, Draper and Sandy South Towne accounting for 49.8% of all leasing activity.





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