Salt Lake Telegram | 1915-06-07 | Page 7 | Electric Company Closes Big Lease

ElECTRIC COMPANY Y I CLOSES BIG LEASE All that portion of or the tho Newhouse buildings that faces Fourth South street has been rented by bj tho the Intermountain Intermountain Inter Inter- mountain Electric company compan and will willbe willbe willbe be occupied by that firm after July 1 The electric company compan will nill have the entire Fourth South frontage which when built was arranged for far two t separate stores A partition will be removed a mezzanine floor loor constructed con can strutted and expensive improvements improve ments put PIt in tn Ralph of the Newhouse Realty company compan said today that the lease had been signed and that the intermountain company would begin its Improvement work at once so 60 as to get Into the tho place by July 1 1 The building has a frontage on Fourth South street of at feet The floor apace If is 11 square feet font b hilt t tl this s- s is' is is practically i d doubled bled by by th the immense cone concrete rote floored basement which will also be utilized b by the company With the exception of or several small stores facing on Exchange place all divisions of the recently completed Newhouse buildings facing Exchange place State and Fourth South streets are arc now no rented Mr Guthrie expects to have hae the I string filled tilled within a short time He says that 91 per cent lor of u the Boston Doston building and more than 80 per cent of or the Newhouse building are now occupied