As the sole General Partner of a limited partnership Mr. Brubaker was directly responsible for the redevelopment a 50,000 retail department store and parking garage two blocks east of Temple Square at 200 East South Temple in a prestigious section of downtown Salt Lake City, UT into an office building. The store was closing and the site was perfectly suitable for conversion to an office building and later redevelopment of the parking structure into a 400,000 square foot office building with underground parking. He arranged equity financing with a local life insurance company and debt financing with Aetna Life Insurance Company.
Mr. Brubaker supervised William Selvage Architects for the redesign of the department store into a 50,000 square foot office building at 200 East South Temple. As the building was an International Style icon in Salt Lake City in the tradition of Mies van der Rohe, the objective was to preserve as much as possible of the exterior while accommodating the needs of an office building. Another of Mr. Brubaker’s objectives was to remove a parking garage on the property at the expiration of its lease and to replace it with two 12-story office buildings with underground parking, to be built in two phases. Mr. Brubaker engaged Skidmore, Owings & Merrill to design the additional buildings and the exterior renovation of the original project.
Mr. Brubaker acted as general contractor for the reconstruction of the building into a first class office building and he was directly responsible for marketing and leasing. He fully leased the project upon completion and provided asset and property management services to the partnership for 10 years, during which period the building outperformed the downtown market in every year.