The event is about to be accomplished by the tip of the yr, with the health-care firm anticipated to take occupancy in early 2023.
Medline has leased roughly 710,000 sq. toes at 264 S. 5750 West, an industrial growth in Salt Lake Metropolis. The property is predicted to be delivered by the tip of the yr. Cushman & Wakefield labored on behalf of each the tenant and the owner. Property Reserve is the proprietor and developer of the undertaking, in keeping with CommercialEdge.
The distribution area will function 113 dock doorways, 40-foot clear heights, 251 trailer parking spots, in addition to 383 parking spots for workers. Located on a 41-acre lot, the brand new industrial property will likely be near interstates 80 and 215, 4.9 miles from Salt Lake Metropolis Worldwide Airport and eight.4 miles from downtown Salt Lake Metropolis.
The health-care firm outgrew its 250,000-square foot distribution middle within the metro and is about to occupy the brand new property within the first quarter of subsequent yr.
Cushman & Wakefield Government Managing Director J. Frank Franzese, Managing Director Steven Bauer, Brokerage Specialist Noelle Cuningham, along with Director Gina Moore, labored on behalf of the tenant, whereas the corporate’s Vice Chairman Tom Freeman and Government Managing Director Travis Healey represented the proprietor of the asset.
Earlier this yr, Cushman & Wakefield assisted ViaWest on an acquisition in the identical metro. The corporate entered the Salt Lake Metropolis industrial sector with the acquisition of an 18-acre growth web site the place it plans to construct a 171,600-square-foot Class A speculative facility.
