Woodbury would like to announce the acquisition of the Redman Office Building in Salt Lake City, UT through its affiliate Woodbury Strategic Partners.
The Redman Office building is a 36,749 square foot building located in the heart of the Sugar House community. The building features convenient floor plans with panoramic views of the Salt Lake valley, Sugar House Park and the Wasatch mountains, catering to users seeking floor space from 2,500 to 5,000 square feet.
Upon purchase of the asset in May 2013, the building was approximately 42% occupied. WSP has a solid leasing pipeline in place and will focus its efforts on leasing activity and asset stabilization.The building borders the Westminster Student Housing project with access to the Westminster parking structure. Along with being located within walking distance to the amenities downtown Sugar House has to offer, the building is located near I-80 and I-15 providing convenient freeway access.