Press Release brought to you by Newmark Grubb ACRES

Cowboy Partners Center SOLD

09/03/2015

Newmark Grubb ACRES (NGA) is pleased to announce the sale of the Cowboy Partners Center to Hayman Properties. This 72,000 square foot Class A office building is located at the absolute top of the prestigious East Bench of Salt Lake at 6440 South Wasatch Boulevard in Holladay, Utah.

Cowboy Partners Center is home to Penn Mutual Life, Packsize, and, of course, Cowboy Partners, among others. The building is compelling for its quality of construction and finishes and because of extraordinary views over the Old Mill Golf Course out to the entire Salt Lake Valley.

NGA Executive Vice President Bryce Blanchard, MBA, and Investment Specialist Rick Davidson were the only agents recognized in this transaction.

Speaking of the transaction, Blanchard said, “It was enjoyable to put together this off-market transaction with two incredibly professionally entities.  It was a very smooth deal despite requiring a loan assumption, and the timing was really ideal for both parties”.

Cowboy Partners, which will continue to office in the building, is a nationally renowned developer and manager of mixed-use and residential communities with special emphasis on urban development, including luxury rentals, condominiums and income-targeted housing. Some recent developments are Liberty Gateway, Liberty Village, Liberty Bend and Liberty Peak.

Established in 2011, Hayman Properties acquires value-add and opportunistic real estate assets targeted to deliver consistent and reliable operating cash flow and significant capital appreciation.

 

09/03/2015 - 23:15

Source

Newmark Grubb ACRES

Want more news about Newmark Grubb ACRES? Click here