The Kimball on Main Street in Park City is selling out


Park City – JLL Capital Markets announced that it has completed the sale and arranged the financing of the acquisition of The Kimball on Main Street, a 25,410 square foot, fully leased, mixed-use retail asset with event spaces and offices along historic Main Street in the popular mountain town of Park City, Utah.

JLL has marketed the property on behalf of the seller, Southern California-based Columbus Pacific. Stanton Road Capital, LLC acquired the asset. Additionally, working on behalf of the new owner, JLL arranged the acquisition loan.

The Kimball on Main Street is Park City’s defining trophy asset due to its irreplaceable location and elite rental. In 2018, Columbus Pacific completed a major renovation of the property, enhancing its trophy stature in this iconic downtown location while preserving its historic nature. The property now includes a range of tenants from popular high street retailers including LL Bean, Free People, We Norwegians, The Collective, Summit Gallery and Sunglasses Hut.

Situated on 0.43 acres at 639 Main Street, the Kimball on Main Street is in a highly visible location between Heber and Park Avenues in historic downtown Park City. Park City is a fast-growing, experiential mountain community that hosts the famous Sundance Film Festival and is surrounded by Utah’s iconic ski resorts. The region is home to the second-richest micro-population in the United States and contains high barriers to entry and strict zoning for new development.

The JLL Retail Capital Markets team representing the seller was led by senior managing directors Chris Gerard, managing director Geoff Tranchina, senior managing director Phil Brierley and analysts Robby Westerfield and Beth Copeland.

The JLL Debt Advisory team representing the new owner included Managing Director Chris McColpin and Managing Director Mark Root.

JLL Capital Markets is a global, full-service provider of capital solutions for property investors and occupiers. The firm’s deep knowledge of the local market and global investors provides best-in-class solutions to its clients, whether it is sales and investment advisory, debt advisory, equity advisory or recapitalization . The firm has more than 3,000 capital markets specialists worldwide with offices in nearly 50 countries.

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