Restructuring L3T's 1,000,000 SF Campus
Global aerospace and defense systems manufacturer, L3 Technologies, Inc. (“L3T”) was looking to optimize its occupancy strategy for its expanding Communications Systems West division in Salt Lake City. Their operation in Technology Park totaled approximately 1,000,000 SF and housed nearly 3,700 employees.
Cresa’s transaction team worked collaboratively to provide L3T with options that involved remaining in the Park or constructing an out-of-ground campus in a neighboring community. The result kept L3T in-place, reducing their overall footprint to 879,000 SF, inclusive of plans to construct a build-to-suit facility and with significant upgrades to the existing buildings. With this, L3T can continue to create a collective “campus feel” for their workforce.
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