{"id":1004272838,"date":"2018-10-18T07:01:14","date_gmt":"2018-10-18T15:01:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004272838"},"modified":"2022-12-06T23:45:35","modified_gmt":"2022-12-07T07:45:35","slug":"spaces-leases-47-ksf-at-ut-office-development","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/spaces-leases-47-ksf-at-ut-office-development\/","title":{"rendered":"Spaces Leases 47 KSF at UT Office Development"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004209667\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Traverse-Ridge-Center-III.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209667\" data-attachment-id=\"1004209667\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/perry-commercial-to-break-ground-on-slc-area-office-project\/traverse-ridge-center-iii\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Traverse-Ridge-Center-III-e1539866749686.jpg\" data-orig-size=\"770,578\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Rendering of Traverse Ridge Center III\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Rendering of Traverse Ridge Center III&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Traverse-Ridge-Center-III-e1539866749686.jpg?w=770\" class=\"wp-image-1004209667 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Traverse-Ridge-Center-III-e1539866749686.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Traverse-Ridge-Center-III-e1539866749686.jpg 770w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Traverse-Ridge-Center-III-e1539866749686.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Traverse-Ridge-Center-III-e1539866749686.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209667\" class=\"wp-caption-text\">Rendering of Traverse Ridge Center III<\/p><\/div>\n<p>CBRE has arranged a 47,000-square-foot lease with Spaces at Traverse Ridge Center III, an office building currently under construction in Lehi, Utah. The tenant will occupy the first and second floors of the 220,000-square-foot property upon completion, in August 2019.<\/p>\n<p>Located at 3300 N. Triumph Blvd., Traverse Ridge Center III is the third office building to be constructed in Traverse Ridge Center, a master-planned business park spanning across 22 acres. Developed by Perry Commercial, the nine-story addition to the complex <a href=\"https:\/\/www.commercialsearch.com\/news\/perry-commercial-to-break-ground-on-slc-area-office-project\/\">broke ground in April<\/a> and will be the tallest building in the city.<\/p>\n<h2>Silicon Slopes on the rise<\/h2>\n<p>CBRE Senior Vice President Eric Smith worked on behalf of the landlord, while Associate Peter Black, also with CBRE, represented the tenant. Spaces is an IWG-owned creative and flexible workspace company.<\/p>\n<p><em>\u201cWith the high volume of new companies and startups coming to Silicon Slopes, there is an increased need for coworking and temporary space options that Spaces can provide,\u201d<\/em> Smith said in prepared remarks.<\/p>\n<p><em>\u201cLehi is a dynamic market with a rapidly growing high-tech and commercial center. As a result, we are seeing an increase in demand from businesses of all sizes looking for flexible working solutions which can be easily scaled up or down,\u201d<\/em> added Michael Berretta, vice president of Network Development for IWG.<\/p>\n<p>The property provides access to Interstate 15, an adjacent Staybridge Suites hotel and public transit, including a future UTA TRAX stop. Once complete, Traverse Ridge Center will comprise 410,000 square feet of office space. The park will also feature a hotel, scheduled for completion in December.<\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The flexible workspace company will move into the new space upon completion of Traverse Ridge Center III, in August 2019.<\/p>\n","protected":false},"author":240,"featured_media":1004507923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21782,21742,21747,1606,15],"tags":[32789,42461,39274,36056],"class_list":["post-1004272838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-development","category-latest","category-office","category-salt-lake-city","category-west","tag-cbre","tag-coworking","tag-perry-commercial-re-investments","tag-spaces"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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