Newmark Grubb ACRES Client Pluralsight Breaks Ground on New Worldwide Headquarters in Silicon Slopes
October 31, 2018—Salt Lake City, UT. Newmark Grubb ACRES (NGA) is pleased to announce that Pluralsight, Inc. has broken ground on their new worldwide headquarters in Draper, Utah. NGA’s Executive Vice President Chris Falk, CCIM, SIOR represented Pluralsight in this historic transaction. Phase I of this project will total 348,250 SF, and is slated for completion in 2020. The new headquarters will grow to approximately 1 million square feet, encompassing 30+ acres when all phases are complete. With the creation of its new headquarters, Pluralsight plans to create approximately 2,400 additional jobs, and $86.2 million in new state revenue over the next 10 years. The new campus is located at 42 Future Way in Draper, Utah, and will play a large role in the continuing development of the Point of the Mountain and Silicon Slopes.
Pluralsight is an enterprise technology learning platform that delivers a unified, end-to-end learning experience for businesses across the globe. Through a subscription service, companies are empowered to move at the speed of technology, increasing proficiency, innovation and efficiency. Founded in 2004 and trusted by Fortune 500 companies, Pluralsight is a leading provider of technology skill development solution offering a broad range of tools, including skill assessments, a curated library of expert-authored courses, learning paths, and business analytics.
This transaction is the resulted from collaboration between Falk and Pluralsight and is one of over 800 transactions that exceed over $1 billion in transaction volume for Falk. Having been raised within the community that he services, Falk understands the unique qualities of the region, its great capacity for business, and maintains dynamic relationships with decision makers therein. Backed by the international NKF affiliation, Falk is trusted by and works with many local, national, and international corporations with their corporate real estate endeavors.
In regards to the transaction, Falk commented, “Pluralsight’s culture, as evidenced by their rapid growth both nationally and internationally, is unmatched and will be ingrained into this vast campus development. As Utah’s largest publicly-traded technology company, they are blazing new trails daily around the globe and I’m excited to see this amazing company unify in what will be an unmatched campus experience and HQ. The decision to plant long-term roots in Utah speaks volumes for the tech community moving forward and ignites the growth of Silicon Slopes to the north.”