{"id":1004050326,"date":"2012-07-11T12:43:11","date_gmt":"2012-07-11T20:43:11","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=56631"},"modified":"2022-12-05T02:31:37","modified_gmt":"2022-12-05T10:31:37","slug":"hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/","title":{"rendered":"Hines\/Oaktree JV Buys 248 KSF Office Complex in Sandy"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/p>\n

KBS Realty Advisors has closed on the sale of South Towne Corporate Center in Sandy to a joint venture of Hines and an affiliate of Oaktree Capital Management. The deal is\u00a0Hines\/Oaktree\u2019s second acquisition following last year\u2019s pickup of Alton Corporate Plaza in Irvine, Calif.<\/p>\n

Located 15 miles from Downtown Salt Lake City, the 248,352-square-foot property \u00a0consists of 150 Civic\u00a0Center Drive, a six-story, 124,046-square-foot building unveiled in 2000, and 200 Civic Center Drive, a 124,306-square-foot office building developed in 2006. Adjacent structures offer 592 parking spaces, complemented by 733 surface spaces.\u00a0 \"\"<\/a><\/p>\n

The complex has a 99 percent occupancy rate a tenant roster featuring names such as Cadence, CoreLogic, E*Trade, New York Life and Seamless.<\/p>\n

As part of the deal, Hines is assuming property management\u00a0tasks for the property. Eastdil Secured handled all aspects of the transaction for KBS.<\/p>\n

Photo courtesy of Google Maps<\/p>\n","protected":false},"excerpt":{"rendered":"

By Alex Girda, Associate Editor KBS Realty Advisors has closed on the sale of South Towne Corporate Center in Sandy to a joint venture of Hines and an affiliate of Oaktree Capital Management. The deal is Hines\/Oaktree’s second acquisition following last year’s pickup of Alton Corporate Plaza in Irvine, Calif. Located 15 miles from Downtown Salt […]<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1606],"tags":[],"class_list":["post-1004050326","post","type-post","status-publish","format-standard","hentry","category-latest","category-salt-lake-city"],"acf":[],"yoast_head":"\nHines\/Oaktree JV Buys 248 KSF Office Complex in Sandy - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines\/Oaktree JV Buys 248 KSF Office Complex in Sandy\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor KBS Realty Advisors has closed on the sale of South Towne Corporate Center in Sandy to a joint venture of Hines and an affiliate of Oaktree Capital Management. The deal is Hines\/Oaktree’s second acquisition following last year’s pickup of Alton Corporate Plaza in Irvine, Calif. Located 15 miles from Downtown Salt [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-11T20:43:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T10:31:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/south-towne-corporate-center.png\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Hines\\\/Oaktree JV Buys 248 KSF Office Complex in Sandy\",\"datePublished\":\"2012-07-11T20:43:11+00:00\",\"dateModified\":\"2022-12-05T10:31:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/\"},\"wordCount\":154,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/07\\\/south-towne-corporate-center.png\",\"articleSection\":[\"News\",\"Salt Lake City\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/\",\"name\":\"Hines\\\/Oaktree JV Buys 248 KSF Office Complex in Sandy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/07\\\/south-towne-corporate-center.png\",\"datePublished\":\"2012-07-11T20:43:11+00:00\",\"dateModified\":\"2022-12-05T10:31:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/07\\\/south-towne-corporate-center.png\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/07\\\/south-towne-corporate-center.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hines\\\/Oaktree JV Buys 248 KSF Office Complex in Sandy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/anca-gagiuc\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hines\/Oaktree JV Buys 248 KSF Office Complex in Sandy - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/","og_locale":"en_US","og_type":"article","og_title":"Hines\/Oaktree JV Buys 248 KSF Office Complex in Sandy","og_description":"By Alex Girda, Associate Editor KBS Realty Advisors has closed on the sale of South Towne Corporate Center in Sandy to a joint venture of Hines and an affiliate of Oaktree Capital Management. The deal is Hines\/Oaktree’s second acquisition following last year’s pickup of Alton Corporate Plaza in Irvine, Calif. Located 15 miles from Downtown Salt [...]","og_url":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-07-11T20:43:11+00:00","article_modified_time":"2022-12-05T10:31:37+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/south-towne-corporate-center.png","type":"","width":"","height":""}],"author":"Anca Gagiuc","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/"},"author":{"name":"Anca Gagiuc","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7"},"headline":"Hines\/Oaktree JV Buys 248 KSF Office Complex in Sandy","datePublished":"2012-07-11T20:43:11+00:00","dateModified":"2022-12-05T10:31:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/"},"wordCount":154,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/south-towne-corporate-center.png","articleSection":["News","Salt Lake City"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/","url":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/","name":"Hines\/Oaktree JV Buys 248 KSF Office Complex in Sandy - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/south-towne-corporate-center.png","datePublished":"2012-07-11T20:43:11+00:00","dateModified":"2022-12-05T10:31:37+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/south-towne-corporate-center.png","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/07\/south-towne-corporate-center.png"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hinesoaktree-jv-buys-248-ksf-office-complex-in-sandy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hines\/Oaktree JV Buys 248 KSF Office Complex in Sandy"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7","name":"Anca Gagiuc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","caption":"Anca Gagiuc"},"description":"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/anca-gagiuc\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004050326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/237"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004050326"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004050326\/revisions"}],"predecessor-version":[{"id":1004530950,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004050326\/revisions\/1004530950"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004050326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004050326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004050326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}