Salt Lake City — One Seventy South Main, a 16-story Class A office tower totaling 260,263 square feet in the heart of downtown Salt Lake City, Utah, is seeing a burst in new leasing activity amidst a “flight to quality” leasing environment. Through the first half of 2024, the high-rise located at 170 S Main St in the center of downtown has attracted four new office tenants totaling 34,500 square feet of occupancy growth. The property is owned by Salt Lake City based Fort Street Partners, which owns and manages over 1 million square feet of commercial office, medical, and retail space throughout Utah.

One Seventy South Main features unique architecture and is thoughtfully angled to capture dramatic views of the Wasatch Mountains and the Great Salt Lake. The tower recently completed an extensive upgrade to its tenant amenity space during the second of half of 2023, including a new 100-person training room, full-service kitchen, tenant lounge/gaming area, quiet room/library, and an indoor bike storage. The building also features a fitness center, two restaurants and a UPS store all on site, adding to its allure for companies in downtown.

“We are pleased to see the leasing success at 170 S Main Street. We have made a significant investment in the downtown Salt Lake City office market and it’s rewarding to see our tenants enjoy a vibrant work environment. Cushman & Wakefield has done an excellent job leasing and we expect to see further success as the market improves,” said Jim Balderson, CEO of Fort Street Partners.

Cushman & Wakefield Executive Managing Directors Mike Richmond and Dana Baird lead marketing efforts for the property and represented the landlord in the quartet of lease signings. Ranging in size from 3,000 sf to 22,500 sf, the tower’s newest tenants include Tru Fru, LLC, Fidelity National Title Company, Suitter Axland, PLLC, and Utah Water Ways, Inc. 

“The pandemic has led to greater tenant demand for higher quality office environments for employees, and particularly locations that emphasize overall enjoyment and well-being. Design elements promoting health/wellness, amenities, outdoor space, and a comforting home-like atmosphere have become preferred locales. One Seventy South Main is a classy, well-balanced, upgraded project that checks each of these boxes and more,” said Dana Baird. “For these reasons and more, we have continued to see an increase in leasing activity in the tower from a variety of exciting tenants through 2024.”

Mike Richmond added, “The project’s central location in downtown easily connects employees with convenient access to shopping, dining, entertainment and more. The building is walkable to several key downtown attractions including The City Creek Center, Eccles Theater, Capital Theater, UTA Trax stations, Gallivan Plaza and several area restaurants. It is also easily bikeable and near public transit and major freeways.”

Downtown Salt Lake City is also just 10 minutes from the newly renovated Salt Lake City International Airport—which is currently under construction of Phase 3 as part of its multi-billion-dollar multi-phased expansion scheduled for full completion by 2026—and within 30 minutes to world-renowned skiing locations.

One Seventy South was a 2019 BOMA International TOBY Award Winner.

                                                                                            

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

About Fort Street Partners

Fort Street Partners owns and manages for over 1,000,000 square feet of commercial office, medical, and retail space throughout Utah. Fort Street Partners continues to build its portfolio valued at over $300 Million while providing a wide range of services including ground-up development, property & construction management, property accounting, and leasing services. The executive team is comprised of professionals with a deep understanding of Utah’s commercial real estate market with decades of experience and a focus on providing exceptional returns for our investors.

For additional information visit www.fortstreetpartners.com

Media Contact:

Joshua Deale

Cushman & Wakefield

Communications Manager, West Region

+1 415 677 0423

joshua.deale@cushwake.com