Description

Jones Lang LaSalle (“JLL”) is pleased to offer the opportunity to acquire The Gateway (the “Property,” “Project,” or “Offering”), Salt Lake City's premier urban, mixed-use destination encompassing 613,075 SF of best-in-class open-air retail, office, and entertainment space spanning 20.9 acres and ideally situated in the heart of downtown.

The Gateway is a generational investment opportunity, anchored by renowned experiential and entertainment-based tenants and surrounded by Salt Lake City’s most compelling growth drivers, including the Delta Center, home to Utah’s NBA and NHL teams (Utah Jazz & Utah Mammoth), the Salt Palace Convention Center, the Power District redevelopment, and Temple Square.

With current occupancy of 92%, The Gateway generates robust in-place cash flow and offers outstanding potential for further value creation through targeted lease-up, potential conversion of office uses back to retail spaces, substantial mark-to-market rental upside, and continued repositioning as Salt Lake City’s preeminent hub for entertainment, retail, and cultural activity. Supported by consistent daily, event, and destination traffic, this irreplaceable property doubles as the focal point for commerce and community in one of the nation’s fastest-growing metropolitan markets.

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