Cornerstone in Cottonwood Heights achieves 100% occupancy

SALT LAKE CITY, April 22, 2024 – JLL announced today that Volkert, a national engineering firm, has signed a 3,364-square-foot lease at Cornerstone, marking a significant milestone as the Class A office building achieves 100% occupancy for the first time since 2020. This move not only marks Volkert's entry into the market but also serves as a testament to the growing flight to quality trend witnessed in Salt Lake City's dynamic real estate landscape.

JLL’s David Nixon, Senior Managing Director, and Jillian Johnson, Vice President, represented the landlord, Dakota Pacific Real Estate, in this milestone transaction.

"We are delighted to have helped with Volkert's strategic relocation to Cornerstone and to watch them grow out their team here,” said Nixon. “The property’s reputation as a high-quality, well-located space with unique amenities and easy accessibility is further enhanced by the proactive and tenant-focused approach of its ownership team.”

“This deal underscores the increasing demand for premium office space in Salt Lake City's fortress submarket, where tenants are seeking best-in-class amenities and strategic locations," added Johnson.

Strategically positioned on the East Bench of Salt Lake City at 2750 E Cottonwood Pkwy., Cornerstone offers unparalleled access to premier ski resorts such as Snowbird, Brighton and Alta. Additionally, its immediate proximity to I-215 ensures swift connectivity to downtown Salt Lake City and the Salt Lake International Airport, further enhancing its appeal to tenants.

Cornerstone’s numerous amenities are designed to elevate the tenant experience, including electric car chargers, walking and biking paths, covered and executive parking and convenient on-site dining at Toasters Café.

"At Cornerstone, we've always prioritized creating an environment where businesses can thrive," said Justin Farnsworth, Director of Asset Management at Dakota Pacific Real Estate. "Volkert's choice to make Cornerstone their new home validates our commitment to listening to tenant needs and providing a workspace that fosters growth and success."

“As we open our first office in the Salt Lake City market, it was key that we secure a location that matched our brand, as well as provided an environment for optimal recruitment. We are excited to have selected Cornerstone as the place to grow our presence,” added Randy Redmond, Senior Vice President of the Southwestern region at Volkert.

Tristan Ruh with JLL represented Volkert in this transaction.

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