-- Innovation Pointe One nears full occupancy prior to completion by executing signed leases with WeWork, iServe, and RainFocus --
Lehi, Utah – Innovation Pointe, continues to set a new standard for development in the heart of Silicon Slopes. The innovative, 600,000 square foot, four building project has attracted the attention of several large headquarter requirements, and the global leader in Co-Working space. The development team is confident this momentum will carry into building 2, scheduled for Tenant delivery in August 2019.
“The early success of Innovation Pointe speaks to the thought leadership that went into the vision for this project,” said Brandon Fugal, chairman of Colliers International | Utah. “Innovation Pointe has captured the attention of Silicon Slopes by creating a collaborative, innovative, flexible campus aimed to create a quality of life for employees and long-term retention for employers.”
WeWork, the global leader in shared workspaces, leased 61,000 square feet on the fourth and fifth floors of Innovation Pointe One in Lehi. WeWork founders, Adam Neumann and Miguel McKelvey, started the company in 2010. With locations in 23 United States cities and 21 countries across the globe, WeWork has more than 2,000 employees and 100,000 members worldwide. The Innovation Pointe facility will serve as WeWork’s first location within the Utah market.
Additionally, moving in to 30,000 square feet at Innovation Pointe is iServe, a leading ecommerce brand partner, specializing in helping brands accelerate ecommerce growth, has been named one of the fastest growing companies by Inc. 5000.
RainFocus joins WeWork and iServe with 45,000 square feet at Innovation Pointe One. RainFocus, Inc. develops big data management and marketing automation solutions for events. It offers event data management solutions, including data acquisition, master data set, and contact scoring solutions; event measurement solutions, such as indicators, dashboards, and reporter builders; personalization solutions that comprise recommendations, segmentation, and Web widgets; and engagement management solutions.
”We searched high and low when seeking a place to expand our business operations. When we discovered Innovation Pointe, we knew we had found the right place,” said Brandon Bailey, Senior Vice President, Rain Focus, Inc. "The professionalism of the staff, quality of the building, location, and amenities (both on-premises and nearby) made for a ideal combination to promote employee satisfaction, impress clients and grow our business. We are very happy with our decision to make Innovation Pointe our new home"
Innovation Pointe is a development led by main partners David Layton and Jeffrey Flamm along with their respective development teams. The property is a 40-acre, four-building master planned campus offering contemporary architecture with east side panoramic valley views, superior transportation access, smart building technology, an on-site property managed food truck court and fitness center. Each building is five stories with approximately 30,000-square-foot floor plates. Brandon Fugal, Josh Smith, and Jordan Wall of Colliers International are handling the marketing and leasing efforts for the development.