March 11, 2014—Cushman & Wakefield | Commerce today announced the sale of the class “A” office building, home to Rossignol USA in Park City, Utah.
The seller was Cottonwood Newpark Two represented by Janet West of Sage Realty and Kip Paul of Cushman Wakefield | Commerce. The buyer was Newpark Two Property Owners led by local real estate investment group, Cassis Capital Partners. Tim Anker, Managing broker for the Park City Office of Cushman Wakefield | Commerce and Brieona Pappas negotiated the transaction on behalf of the buyer.
The 30,382 square foot, Class A building, was built in 2007 as the North American Headquarters for Rossignol. The extensive use of glass walls contrasting with the wood beams and concrete floors combine to provide an arresting high-tech mountain resort design. The Rossignol Building itself is a testament to creative contemporary mountain architecture.
The building is located at 1413 Center Drive, Park City, UT in the heart of Kimball Junction, which has become the hub of commercial activity for Summit County. It is 20 minutes from downtown Salt Lake City and 10 minutes to three renowned ski resorts. The Rossignol Building is bordered by the Swaner Nature Preserve on the east, the Newpark Hotel and Town Center to the south, and the Redstone Shopping Center on the southwest.
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About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, an independently owned and operated member of the Cushman & Wakefield Alliance, has been the leading provider of real estate brokerage services for more than 30 years. Headquartered in Salt Lake City, the firm has offices throughout Utah, Nevada, Idaho and Washington. It offers consulting, brokerage, tenant and landlord representation, property and facilities management, and valuation services to corporations, institutions and investors throughout the Intermountain West and Pacific Northwest. For more information, and for property listings, broker information, market category reports and more visit www.comre.com.
About Cushman & Wakefield
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917 it has 243 offices in 60 countries and more than 14,000 employees. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $4 billion in assets under management through its wholly‐owned subsidiary Cushman & Wakefield Investors. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.