SALT LAKE CITY, UTAH—The local office of CBRE, in conjunction with Maier Siebel Baber (MSB), has begun renovations at South Temple Tower, located at 136 East South Temple.
MSB is the building's owner. Eric Smith, Kreg Peterson and Laurie Adair of CBRE oversee leasing of the building, while Jim Pivirotto of CBRE is the on-site property manager. South Temple Tower is a 24-story, 216,976-square-foot high rise in the Central Business District. MSB plans to enhance the look and feel of the tower and create a “true class A image.”
These plans include a newly designed two-story lobby; a redesigned main entry plaza; completely renovated elevator lobbies; new, relocated restrooms with high-end finishes; and a new exterior skin on the lower portion of the building.
“Salt Lake City is in the midst of a transformational period” stated Smith, senior vice president. “These enhancements will solidify South Temple Tower's standing as a true, class A asset in this emerging city, and will elevate the experience of both tenants and visitors of the building.”
Installation of the new exterior skin is currently underway; renovations have also begun on the interior lobbies. The final completion date for all renovations is January of 2016.
Kenneth Baber, president and CEO of MSB, added, “There has been substantial investment in the downtown area over the past several years with the addition of City Creek and the anticipated Performing Arts Center, among other projects. The enhancements occurring at South Temple Tower reflect our outlook on the Salt Lake market; it is a strong metropolitan area that continues to improve and we want to ensure that our assets are well-positioned to improve alongside it.”
Based in San Francisco, Maier Siebel Baber specializes in properties with solid construction in prime locations with improving markets. MSB is familiar with the Salt Lake market, having previously owned more than 1 million square feet of office space in several Salt Lake area office buildings, including the Triad Center and HR Tower. In addition to South Temple Tower, MSB currently owns Lone Peak Center Campus in Draper, a class A business park consisting of eight buildings totaling approximately 500,000 square feet.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
