50K SF in New Leases Signed by KBS at Salt Lake Hardware Building

KBS inked a total of 50,000 square feet of deals at its Salt Lake Hardware Building in downtown Salt Lake City, UT. The new tenants included a medical device company and local tech firm, and a 19,393-square-foot renewal with a national energy company. CBRE’s Scott Wilmarth and Nadia Letey represented CBRE in negotiations.

The 210,256-square-foot Salt Lake Hardware Building, at 155 N. 400 W, was built in 1909, and is listed in the National Register of Historic Places. The building, situated on nine acres, began life as a warehouse facility for Salt Lake Hardware Co., and was renovated and converted to office use in 1996.

“We’ve seen strong tenant demand throughout our entire Salt Lake City portfolio with over 100,000 square feet of net absorption in 2019,” said KBS’ Rod Richerson. “Much of this demand is driven by new companies expanding into the market, which is evidence of the city’s booming economic growth.”

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