Cushman & Wakefield Announces Sale of Wood Partners’ Alta Gateway Station

Brand New Class-A+ 277-Unit Apartment Community in Downtown Salt Lake City

SALT LAKE CITY, UT — October 29, 2018 — On behalf of Wood Partners, Cushman & Wakefield is pleased to announce the sale of the award-winning Alta Gateway Station. The sale garnered 207 executed confidentiality agreements, generating eight offers (five of which were Institutional Profiles).

Alta Gateway Station breathes new life and sophistication into Salt Lake City’s new Entertainment District, and is adjacent to The Gateway open-air retail and office destination, and Vivint Smart Home Arena, home of the Utah Jazz.

Named “Development of the Year” by the Utah Apartment Association, the community also boasts the first and only LEED Platinum certification* (highest level attainable; mark of quality and achievement in green building) for a multi-family apartment building in Utah.

“The LEED Platinum certification establishes Alta Gateway Station as a showcase example of efficient design and sustainability,” says Tim McEntee, Development Director for Wood Partners. “Not only does this demonstrate Wood Partners’ leadership in the building industry in Utah, but it also fortifies our commitment to a better environment in Utah. Residents and visitors to this property will experience how, these ground-breaking units are noticeably different from all others. This approach to sustainability, livability and efficiency illustrates the aptitude of our teams to construct and manage buildings that exceed the highest international green building standards.”

“The top-tier amenities, coupled with the LEED Platinum certification elevates Alta Gateway to the quality of life that can be achieved in Salt Lake City. Its iconic design, premier downtown location and best-in-class on-site management team and service provides upbeat sophistication and the highest-level craftsmanship,” says Kip Paul, Vice Chairman, Investment Sales for Cushman & Wakefield.

The upscale project was completed in 2017, and is home to an affluent tenant base with the average resident annual income being nearly $136,000. Additionally, its transit-oriented location delivers immediate access to TRAX Light Rail, high-speed FrontRunner trains and Green Bike sharing platforms.

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

*LEED Platinum Certification http://leed.usgbc.org/leed.html

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For Further Information Contact:

Kip Paul
Vice Chairman, Investment Sales
Cushman & Wakefield
801-303-5555
kip.paul@cushwake.com
Mike Richmond
Executive Director
Cushman & Wakefield
801-303-5434
mike.richmond@cushwake.com
Jorgi Paul
Associate, Investment Sales
Cushman & Wakefield
801-303-5570
Jorgi.paul@cushwake.com

Media Contact:

Patricia H. Monsoor
Sr. Communications Specialist
Cushman & Wakefield
Land: 801-303-5401 Cell: 801-835-7998

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Media Contact

Patricia Monsoor

Sr. Communications Specialist

Cushman & Wakefield

Land: 801-303-5401 Cell:801-835-7998

patricia.monsoor@cushwake.com

2018-10-29T14:16:02+00:00 October 29th, 2018|In the News|