CBRE to Oversee Leasing of the A&Z Building, a New Adaptive Reuse Project in Salt Lake City's Post District
30 Jul 2020
The Salt Lake City office of CBRE has been selected to oversee leasing of the A&Z Building, the former home of A&Z Produce and adaptive reuse project in The Post District, a $300 million master-planned neighborhood development. Scott Wilmarth, Nadia Letey and Melina Miramontes will oversee the office leasing requirement.
The A&Z Building is a three-story office building with a garden level, totaling approximately 36,000 square feet. Renovations are already underway, and the building should be ready for occupancy in September of this year. The renovation transforms an old produce building into a space that unites the historic nature of the structure with a modern aesthetic, featuring exposed brick and beam finishes. The A&Z Building will share an above-grade parking structure with an adjacent building and has a surface lot that can facilitate additional future phases of development.
"The Post District is a timely development that will redefine the western perimeter of downtown's Central Business District, and the A&Z Building is the first step in this paramount undertaking" noted Nadia Letey, first vice president of CBRE. "Careful consideration has been taken in the master plan to ensure that the needs of the neighborhood and local businesses have been addressed, including space for housing, retail, and local artist installations in addition to the planned office space."
The A&Z Building is part of The Post District, a major renovation in the area that aims to revitalize a 14-acre region bordering downtown's Central Business District. The Post District is a $300 million master-planned neighborhood development with 580 new residential units and over 300,000 square feet of new and redeveloped commercial space providing creative office, walkable restaurants, cafes, shops, open green space, public plazas and more. The initial office developments are taking place on the southern block of 500 South spanning from 300 West to 400 West.
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.