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Net lease in general is doing well thanks to a more liquid environment, favorable cap rates and growing foreign interest, says Jim Koman of ElmTree Funds.
The acquisition, which also includes an adjoining 1.8-acre surface parking lot, adds City Centre I's 229,600 square feet to Unico's portfolio in Downtown Salt Lake City, which now totals more than 1 million square feet of space.
The owner and founder of McSam Hotel Group received the loan from S3 Capital Partners, a subsidiary of New York real estate company, Spruce Capital Partners.
Companies know that to attract and retain top talent, a workplace aligned with boosting occupant wellness is required and in turn, produces significant positive impacts on a company's bottom line.