The Zions Bank Building is a cornerstone of downtown Salt Lake City. As the corporate headquarters of Zions Bank, the 18-story high-rise is occupied fully by the bank, which renewed its lease through 2037.
Zions Bank earned a 2025 CoStar Impact Award for lease of the year for Salt Lake City, as judged by a team of local real estate professionals familiar with the market.
The long-term relationship between the bank and the building's owner, Property Reserve, played a role in the lease negotiations as Zions Bank sought to answer some lingering questions about office space and how much space it would need in the future.
As one of the largest employers in downtown Salt Lake City, Zions Bank has had a significant impact on the state's economy and has catalyzed social and economic impact in the city.
The approximately 320,000-square-foot building was constructed in 1965.
About the deal: Zions Bank has been part of Utah’s history for more than 150 years and played a major role in the state’s economic and cultural development. The company actively supports local artists and displays art collections in its bank branches.
What the judges said: Ajla Aksamija, a professor in the School of Architecture at the University of Utah, said "the long-term lease of this building will impact vibrancy and economic activity within the central business district."
They made it happen: Brandon Fugal, chairman, Colliers; Jordan Johnson, senior commercial leasing manager, Property Reserve.