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FJ Management, Inc. has purchased the office building at 185 South State Street in Salt Lake City from Sun Life of Canada. Eli Mills and Tucker White of CBRE represented both the seller and buyer.
FJM is a privately held corporation headquartered in Ogden. It plans on relocating its headquarters to the Salt Lake City office tower this spring. FJM is a diversified holding company which owns and operates the Big West Oil refinery, TAB Bank and Crystal Inn Hotels and Suites. It also maintains an ownership stake in both EFS and Pilot Flying J. In December it acquired Maverik, Inc., the largest independent fuel marketer in the Intermountain West.
Constructed in 1982 and renovated in 2009, 185 South State Street is a 161,083 square foot office building. The building is currently 80 percent leased. FJM will occupy one floor of the building.
“We are very excited to make Salt Lake City our new home,” said Chuck Maggelet, Chief
Operating Officer of FJM. “We’ve always believed that Salt Lake is one of the best places to run a business. The city is vibrant, energetic and has a proven history of economic success. With all the new development projects occurring, the city’s energy is bound to keep growing and we look forward to growing our company right along with it.”