Salt Lake City, UT
CBRE Arranges Sale of Green Leaf East Village Apartment Community in Sandy, Utah
08 Feb 2022
CBRE announced the sale of Green Leaf East Village, a 336-unit apartment community in Sandy, Utah, a suburb of Salt Lake City.
Eli Mills and Patrick Bodnar of CBRE represented the seller, Green Leaf Capital Partners, in the transaction.
Green Leaf East Village is located at 159 E. Midvillage Blvd. The Class A, building features 336-residences, ranging from studios to three-bedroom units, and 491 parking stalls. Completed in two phases in 2016 and 2017, Green Leaf East Village features wood-style flooring, quartz countertops, stainless steel or black appliances, tile backsplashes and full-size appliances. The amenities include a pool with spa, clubroom with a full kitchen, outdoor lounge with firepits, fitness center, theater and gaming room. The building was fully leased at the time of the sale.
The community sits adjacent to the Sandy Civic Station for TRAX, Utah’s light rail system, connecting residents to the rest of the Salt Lake Valley. It is walkable to numerous employment, retail, and entertainment amenities.
"Salt Lake is continually ranked as a top U.S. market for economic, population and employment growth,” said CBRE’s Mills. “The new owner will benefit greatly from this investment as Salt Lake Valley is continuing to evolve and is booming with new employment opportunities, especially in the tech sector.”
Green Leaf Capital Partners is a vertically integrated real estate investment company based in Northern California that acquires, renovates, and manages apartment properties in select markets in the United States. For more information visit, www.glrecap.com/
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.