Sterling Goes for Fully Occupied Vista Station Office Portfolio
Located within Vista Station Office Park, the Vista Station class-A office portfolio consists of four buildings totaling 541,678 square feet in Draper, UT. Vista Station recently sold to Sterling Realty Organization for an undisclosed purchase price.
The buildings were 100 percent occupied by a mix of tenants at the time of sale.
Kip Paul of Cushman & Wakefield and Eli Mills of CBRE represented the seller, a joint venture by The Boyer Company and Gardner Company, in the transaction. The buyer was self-represented.
“This is a significant sale for the Greater Salt Lake City office sector and characterizes the ongoing confidence that investors maintain in this market, particularly for high-quality product that offers a modern amenitized workplace,” said Paul.
Constructed from 2016 to 2018, each building features solar panels and has access to FrontRunner at Draper Station.
“Vista Station is an institutional-quality asset in the popular Draper submarket, a highly desired area due to its centralized location within the Silicon Slopes tech corridor,” notes Mills.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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