The land buy marks the previous’s second mission within the space this yr.
A partnership between ViaWest Group and Clarion Companions has acquired 25 acres for the event of 340,000 sq. toes of business house in Salt Lake Metropolis. Gannett Enterprises offered the parcel.
Government Vice President Rusty Bollow and Vice President Bobby Stevens of Colliers represented the vendor. Director Phillip Eilers with Cushman & Wakefield represented the customer. Colliers was chosen as unique leasing brokerage for the property.
ViaWest will develop a Class A industrial facility on the new Central Commerce Middle, which can comprise two buildings of 100,000 and 240,000 sq. toes. The amenities will function 107 shared trailer areas, 67 dock doorways and almost 380 parking areas.
The event web site is positioned within the Northwest Quadrant, near Bangerter Freeway. The amenities will even have entry to interstates 15 and 215, in addition to State Route 201. Industrial customers within the surrounding space embody Amazon, Costco and FedEx, amongst others.
The land buy marks ViaWest’s second industrial endeavor within the space this yr. In March, the corporate purchased an 18-acre web site that already had a 37,000-square-foot industrial constructing accomplished in 2016.
Elsewhere, ViaWest, in a three way partnership with Nicola Wealth Actual Property, broke floor on Superior Industrial Park, a 335,066-square-foot mission in Mesa, Ariz.
