SALT LAKE CITY, UT—KBS Realty Advisors, workingon behalf of a sovereign wealth fund, has acquired MillrockPark, a class A office park property located in theCottonwood Heights submarket of Salt Lake City.The acquisition was made on behalf of a pension fund that isadvised by KBS.

Built between 2005 and 2008,the four-building property totals 488,623square-feet of rentable space on 22 acres of land. Nearlyevery suite hosts an unobstructed view; to the east, tenants facethe Wasatch Mountain Range, and to the north,south, and west, tenants face the Salt LakeValley. In addition to the views, Millrock Park benefitsfrom nearby amenities and close proximately to executive andaffordable housing.

“We believe that the location of Millrock Park is ideal forexecutives and employees alike,” said KBS senior vice presidentTim Helgeson. “Our tenants are surrounded byamenities including adjacent restaurants, hotels, golf courses, skiresorts, and a stunning 360 degree view of the Salt LakeValley.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.