A 119,161-square-foot office property has been purchased in Provo, Utah, for $19.2 million.
TCP-Provo LLC, a California-based subsidiary of Towbes Capital Partners LLC, purchased the property from GE Commercial Finance Business Property Corp.
MyFamily.com, a privately held company dedicated to connecting families all over the world via the Internet, solely occupies the three-building complex, situated on 9.27 acres of land located at 360 and 466 W. 4800 North. Under the terms of the transaction, the company has signed a new 10-year lease.
Built in 1996 and remodeled in 1997, the property includes an infrastructure capable of accommodating high-technology, which is conducive to MyFamily.com’s current business needs.