Company News
Office leasing momentum continues in Cottonwood Heights

By Press Release

Salt Lake City—Two tenants have signed on at Stanton Road Capital’s Union Park Center III and IV in Cottonwood Heights. Hughes Marino, a national commercial real estate firm, will open its first Utah office with their new 2,898 SF suite. While the Alzheimer’s Association has renewed their 3,428 SF space. These leases come on the tail of 41k SF of leasing activity that occurred at the property through the end of 2023.

The two-building, Class “A” office property has attracted tenants from a range of sectors to the area with its strategic location within greater Salt Lake. While sitting near Interstates 215 and 15, Union Park Center is also walkable to an abundance of retail, shopping, dining and other amenities that surround the property.

Buildings III and IV each offer stunning views of the Salt Lake Valley, and Stanton Road Capital has invested significant capital throughout the interior, including full renovation of both 2-story lobbies and integration of tenant relation technology.

“We’re pleased to see the ongoing growth at Union Park. Having an office in the area ourselves, we’re invested in the long-term opportunity the Salt Lake City area presents, and look forward to building long-term relationships with our tenants who have chosen to do the same,” said Tim Ronan, Jr., Founder and Managing Partner of SRC.

Dana Baird of Cushman & Wakefield handles leasing for Union Park Center III and IV.

Caleb Bush of Tenant Services Group represented Alzheimer’s Association.

Hughes Mario self-represented.

About Stanton Road Capital
Stanton Road Capital, LLC (“SRC”) is a private investment management firm focused on direct commercial real estate investments and select private equity strategies. Founded in 2013, the Principals of SRC have acquired over $7.0 billion of commercial and residential real estate. SRC currently owns and operates a national commercial and residential property portfolio in excess of 6 million square feet and 2,500 residential units and is actively investing on behalf of its institutional, family office, and private capital partners. SRC targets opportunistic, value-add, and core-plus commercial properties in addition to ground-up residential developments in Texas, Salt Lake City, select major Midwest markets and across the Southeast.

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