Property Management Software Company To Occupy 106,000 SF
SALT LAKE CITY (April 18, 2016)– Entrata, formerly Property Solutions, today announced leasing of the entire Traverse Heights office building under construction in Lehi, located just north of Adobe. The four-story 106,000 SF building is scheduled for completion in September.
“This major transaction and location puts Entrata in a superior and prominent position for expansion and growth,” said Brandon Fugal, Chairman of CBC Advisors.
Fugal and partner Jordan Wall brokered this notable transaction, while Entrata positions to exceed its goal of creating 191 jobs over the next five years. The total wages in aggregate will exceed 110 percent of the county average wage. New state wages over the life of the agreement are expected to be approximately $38,135,356.
“We are proud to welcome Entrata to North Utah County’s newest Class-A office development,” said Jake Boyer CEO of developer Boyer Company. “Traverse Heights is a perfect fit for the organization’s future plans.”
Founded as Property Solutions International in Lehi in 2003, Entrata now employs 1,400 globally. The company is the nation’s largest provider of website portals and payment processing to the multifamily home industry and a leading developer of property management software tools. Entrata now serves more than 20,000 apartment communities in the United States.