November 13, 2012

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Article

Trigild Takes Over Historic Salt Lake City Shopping Center

Press Release

November 13, 2012

The Third Judicial District of Salt Lake City, Utah, appointed Trigild – a San Diego-based real estate services company with offices nationwide – as receiver of the historic Trolley Square Mall, a long time Salt Lake City shopping hub with roots dating back to 1847.

According to Trigild CEO/Receiver Bill Hoffman, Trigild will begin its oversight immediately. Originally built to house the Salt Lake City streetcars, the mall is constructed of historic trolley barns and is now a premier shopping center listed on the National Register of Historic Places. The 318,562-square-foot, two-story retail center is situated on 13.5 acres and located at the corner of 600 and 700 East.

The mall currently has more than 40 tenants, and will operate under the same onsite manager, Hoffman said. “At this point our role will be to make sure the mall operates efficiently and smoothly as we enter the busy holiday season as well as ensure that it is well maintained for shoppers who want to experience its top notch shopping venues and historic ambiance.”

Brian Morelan, Trigild’s managing director of commercial real estate, added, “We can also move forward with attracting new tenants to this mall – a unique destination with many historic accents such as the landmark water tower, brick and wood walkways, wrought iron balconies and wide interior corridors for easy accessibility.”  Adding to the center’s appeal, storefronts are also set within the original mission-style gabled bays, creating a unique sense of place.

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