Human Interest opens Utah office
Leading 401(k) provider leases close to 30,000 square feet in Lindon
SALT LAKE CITY, Sept. 12, 2023 – Human Interest, a leading full-service 401(k) provider for small and mid-size companies, has leased the entire 29,938-square-foot floor at Mountain Tech Center in Lindon, Utah. Headquartered in San Francisco, this strategic expansion will be the base of the company’s "Operational Center of Excellence" and is set to create 306 new, lucrative jobs and bring a $3 million investment to Utah over the next five years.
JLL’s Jillian Johnson and David Nixon represented Human Interest, and Cushman and Wakefield’s Dana Baird, JT Redd and Mike Richmond represented the sublandlord.
"We are pleased to open our customer operations center of excellence as we make investments in both our customer experience and the State of Utah as a whole," says Jared Gardner, VP of Product at Human Interest. "With the help of our partners at JLL we conducted a nationwide location search. Utah's vibrant business ecosystem and tech sector combined with the region's young and highly-educated talent pool ultimately made Utah the clear choice."
Utah has recently earned recognition as the nation's top-ranking economy, boasting an array of business-friendly policies, including tax benefits, as well as infrastructure elements, such as a robust light-rail system seamlessly connecting major cities.
The state’s labor force is well-educated, growing, and affordable, with 12 major colleges and universities contributing to a talent pipeline of over 269,000 students. Additionally, local educational institutions, such as Brigham Young University, Utah Valley University and the University of Utah, produce a significant number of S.T.E.M. and multilingual graduates, further enhancing Utah's talent pool. As a testament to this, Utah's tech sector has emerged as the next "Silicon Valley," experiencing a remarkable 6.5% surge in tech job opportunities in 2021, firmly establishing its position as one of the fastest-growing states in the nation.
"Human Interest's choice to expand in Lindon signifies the market's robust leasing momentum and the state's ability in attracting businesses, rivaling other major metros," said Jillian Johnson, Vice President at JLL Salt Lake City. "We consistently see major corporations selecting Utah not only for its clear economic and hiring benefits, but also for its quality-of-life advantages, including access to outdoor activities such as multiple major ski resorts within an hour of Salt Lake City and five national parks within a half-day drive. Additionally, the region offers quality school systems and a strong emphasis on family life."
"We are confident that this new office at Mountain Tech Center is a prime destination to recruit and retain a youthful, skilled workforce within one of the region's most dynamic and amenity-rich employment submarkets,” added David Nixon, Managing Director at JLL Salt Lake City. “We enjoyed working alongside the Human Interest team and look forward to watching them grow their operations in Utah.”
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.