Xango Building Under New Ownership

2889 N. Ashton Blvd. Trades in Lehi

By Dominique Mackey

November 7, 2013

The office building located at 2889 N Ashton Blvd. in Lehi, Utah sold for an undisclosed sale price to Princeton, N.J.-based Fairbridge Partners, LLC.

The four-story office building has 100,951 square feet of rentable space and was fully occupied at the time of the transaction. Although a sale price was not confirmed it was confirmed that the property was listed with an asking price of $21 million.

The building has been occupied by XanGo since 2010 and Dmitry Gordeev, Ph.D., M.B.A, and managing partner of Fairbridge Partners, LLC, confirmed that XanGo did sign a new 15-year, triple net lease agreement at the time of closing.

CBRE acted as the broker for both sides in this transaction. Eli Mills of CBRE represented the sellers.

For more information on this transaction, please see CoStar COMP #2878379.

Source: http://www.costar.com/News/Article/XanGo-Building-Under-New-Ownership/154187