SALT LAKE CITY—March 16, 2015—Cushman & Wakefield |Commerce announced today the closing sale of Lamplighter Square Shopping Center, located on Foothill Boulevard. Lamplighter Square has long been home to many favorite restaurants and businesses, making it a high volume destination for area residents and business owners. The square is currently occupied by the popular State Liquor store, Taqueria 27, Foothill Fitness, and Bleu Bistro, among others.
The sale is the first transfer of ownership in more than 30 years and totals 23,000 square feet of retail space. “This shopping center was unique given its rare Foothill Boulevard location and quality tenants,” said Kip Paul, Executive Director of Investment Sales for Cushman & Wakefield | Commerce.
Kip Paul represented the buyer in this transaction, while Ralph Riedel, also an Executive Director with Cushman & Wakefield | Commerce, represented the seller.
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About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, with headquarters in Salt Lake City, Utah, is an independently owned and operated member of the Cushman & Wakefield Alliance. The firm operates offices throughout Utah, Nevada, Washington and Idaho and partners with its sister company Cushman & Wakefield | NorthMarq to provide innovative commercial real estate solutions to occupier and investor clients They offer transaction services, capital markets services, occupier and investor services, and real estate advisory. Together, the firms manage more than 52 million sq. ft. of retail, industrial, and office assets, report annual revenues of more than $100 million, and employ more than 750 professionals. Learn more at www.comre.com; www.cushwakenm.com. C&W | Commerce and C&W | NorthMarq are part of the Cushman & Wakefield platform, which is the world’s largest privately-held commercial real estate services firm.
About Cushman & Wakefield
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 248 offices in 58 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management. www.cushmanwakefield.com.