KBS Expands Leasing at Millrock Park with 62,599 Square Feet
Deal News | Jan 28, 2025 | KBS Realty Advisors Inc
KBS Realty Advisors Inc., a leading player in commercial real estate, has successfully leased 62,599 square feet at Millrock Park, a premier Class A office park in Holladay, Utah. In collaboration with Colliers Utah, KBS secured new, renewal, and expansion leases throughout 2024. The property features high-end amenities and an advantageous location, appealing to businesses seeking quality office space amidst shifting tenant preferences. Notable leases include an expansion by an energy development firm, a law firm's new lease, and Chargezoom Inc.'s entry into the complex. With its strategic location near key transport routes and leisure venues, Millrock Park remains an attractive destination for companies aiming to recruit and retain talent.
Sectors
- Commercial Real Estate
- Office Space Leasing
Geography
- United States – The events in the article occur in the U.S., specifically focusing on Salt Lake City, Utah.
- Salt Lake City, Utah – The leasing activity is centered at Millrock Park, situated in the metropolitan area of Salt Lake City.
Industry
- Commercial Real Estate – The article discusses leasing activities at Millrock Park, a commercial real estate property owned by KBS Realty Advisors.
- Office Space Leasing – The article highlights the leasing of office spaces, indicating a trend towards high-end, amenity-rich properties.
Financials
- 62,599 square feet – Total leased space at Millrock Park by KBS in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| KBS Realty Advisors Inc. | Owner and Operator of Millrock Park | Company | A major owner and operator of commercial real estate buildings in the U.S. |
| Colliers Utah | Commercial Real Estate Firm | Company | Assisted KBS in the lease transactions at Millrock Park. |
| Gio Cordoves | Regional President, Western U.S. | Person | A KBS executive providing insights on the leasing activity. |
| Tim Helgeson | Senior Vice President and Asset Manager | Person | A KBS executive managing the property and speaking on tenant interests. |
| Brandon Fugal, Josh Smith, and Angela Kroneberger | Lease Transactions Representatives | People | Colliers representatives who managed leasing transactions for KBS. |
| Regional Energy Development Firm | Tenant | Company | Expanded lease at Millrock Park. |
| Bennett Tueller Johnson & Deere | Tenant | Company | Law firm signing a new lease at Millrock Park. |
| Chargezoom Inc. | Tenant | Company | A B2B payment automation company newly leasing space at Millrock Park. |
| Willmeng Construction | Tenant | Company | An Arizona-based commercial general contractor with a new lease at Millrock Park. |