Wednesday, 1 April 2026
Manova Partners has completed its first investment in Salt Lake City with the acquisition of a Class A office property in the Sugar House submarket, marking the firm’s entry into the Utah market. The asset, known as 60 Park Ave, was acquired for a separate account. Financial terms were not disclosed.
The property is a six-storey office building completed in 2020 and currently 97 percent leased. It holds a LEED Gold certification for operations and maintenance and offers approximately 143,800 sq ft of office space. The building is situated on a site of just over four acres.
Chris Quiett, Head of US Operations at Manova Partners, said the acquisition represents a strategic step into a market the firm has monitored for some time, highlighting the location within one of the city’s established mixed-use districts.
The building features floor-to-ceiling glazing, providing natural light and views of the Wasatch Mountains and the city skyline. Tenant amenities include a lounge area, meeting and phone facilities, a fitness centre, and secure bicycle storage.
Located in the Sugar House neighbourhood, the property is surrounded by residential developments, retail and leisure facilities, and green space. It also offers access to central Salt Lake City and the international airport within a short drive.
Current occupiers include FTP Power, Filevine, Arena Communications, RBC Capital Markets, and Sotheby’s Realty.
