Southern California-based Columbus Pacific has sold The Kimball on Main Street, a 25,410-square-foot, fully leased, high-street, mixed-use retail asset with event and office space along the historic Main Street in the popular mountain town of Park City, Utah.
Stanton Road Capital acquired the asset for an undisclosed price.
The Kimball on Main Street is the defining trophy asset within Park City due to its irreplaceable location and elite tenancy. In 2018, Columbus Pacific completed a large renovation of the property, enhancing its trophy stature within this iconic downtown location, while preserving its historic nature. The property now features a tenant lineup of popular high-street retailers, including LL Bean, Free People, We Norwegians, The Collective, Summit Gallery and Sunglasses Hut.
Positioned on 0.43 acres at 639 Main St., The Kimball on Main Street is at a highly visible location between Heber and Park avenues within Park City’s historic downtown. Park City is a fast-growing experiential mountain community that hosts the world-famous Sundance Film Festival and is surrounded by Utah’s iconic ski resorts. The area is home to the second wealthiest micro-population in the U.S. and contains high barriers to entry and strict zoning for new development.