Hamilton Partners has purchased 324 South State Street from 324 Statestreet Partners, LLC. The building is a historic 204,681 square foot creative office building and attached parking structure located in the heart of Downtown Salt Lake City, Utah. Situated at a Main and Main intersection within Downtown’s financial, cultural, and entertainment districts, the five story multi-tenant building is a strategic downtown asset.
For more than a decade, Downtown Salt Lake City has been experiencing breakthrough growth. Hamilton Partners has been a longtime owner and developer in the Salt Lake Region and with this new acquisition will continue to grow it’s presence in the market.
George Arnold, a partner with Hamilton Partners said, “We expect to remain bullish on the market for the foreseeable future and a goal for our group is to expand our presence here in the Central Business District of Salt Lake City, so as soon as this terrific property became available we moved aggressively to acquire it. 324 South State Street is an example of an historic building that through physical upgrades and creative space planning provides a perfect environment for the high ceiling, open space needs of today’s modern tenant. Our plan is to invest quickly in upgrading the look and feel of the building whose central location, easy access to public transport and large parking capacity position it to not only provide outstanding tenant satisfaction but also contribute to the continuing growth of this amazing city.”