Salt Lake City
GAF Acquires 535 KSF Manufacturing Facility in Cedar City, Utah
GAF, the nation’s largest producer of roofing materials, has bought a 534,598-square-foot manufacturing facility on 78 acres in Cedar City, Utah, from CC Utah Enterprises.
Embassy Suites Opening Marks Latest Milestone for $500M Fairbourne Station Makeover
Created and held under the wing of Hilton, the Embassy Suites brand is rapidly gaining popularity with its pre-opening recording the first “sold-out” moment during the time of the locally held Outdoor Retailers conference. The hotel’s guest amenity package features a fitness center, an indoor pool, laundry facilities accessible by all guests, 7,500 square feet of meeting space, made-to-order breakfast option and a daily event featuring snacks and drinks in the evening.
Coldwell Banker Commercial to Represent 1.8 MSF SLC TOD Vista Station
Coldwell Banker Commercial NRT’s Salt Lake office will represent Vista Station, a new 100-plus acre development located in Draper, Utah.
City Creek Adds to Accolades With IPA Award for Top U.S. Retail Project
Developed by City Creek Reserve, Inc. and owned by Taubman, the Michigan-based retail property owner and management company, City Creek Center received the accolade destined for the Americas. The massive retail project also placed in the top three for “World’s Best Retail Development” competing with thousands of entries from around the world. Nominees from the Americas include projects from the U.S.A., Canada, Mexico, Central and South America, as well as the Caribbean.
Summit Closes Three Hotel Purchases for $72M
Avoiding the end-of-year fog that plagues so many, Summit Hotel Properties kept busy in late December and wrapped up a few acquisitions before 2012 came to a close.
Perry & Associates Plans Spring Start for 70 KSF Lehi Office Project
The 70,000-square foot, Class A office construction is scheduled to begin in May 2013, with the development process set to be completed in one year, by March 2014. Set to take shape in the immediate vicinity of Interstate 15, the three-story office building will be located to the east of the State Road 92 exit, the Tribune writes. Its placement next to a TRAX line and proximity to the new Adobe campus and the Outlets at Traverse Mountain retail center make for an attractive location.
Stalled Pioneer Park Condo Project Gets $4.5M in City Financing
Set to comprise 17 live/work units, two 580 square-foot units, ten 700 square foot condo units, ten 900 square foot apartments and 12 units with 1,200 square-foot floorplans, Broadway Park Lofts will be used to liven up the residential market of Salt Lake City’s 300 South Corridor. With prices ranging from just under $100,000 to somewhere around $500,000, the residential development will benefit from close proximity to Pioneer Park, ensuring both good exposure and an easy marketing project for the end product.
Tech Tenants Eyed for Rebranded 500 KSF Provo Office Park
By Alex Girda, Associate Editor Utah-based developer Warren King has acquired a 500,000-square-foot office park in Provo and is rebranding the campus as East Bay Technology Park in a bid to reel in high-tech tenants. Laurie Adair, Tab Cornelison and Scott Wilmarth of CBRE Inc. will handle leasing, and the firm’s asset services division is […]
Sun Products Inks Record 1 MSF Lease at Freeport West Industrial Park
In Salt Lake City’s largest-ever industrial lease, Sun Products Corp. is taking 1 million square feet at Freeport West Landmark Industrial Park. The consumer products manufacturer will move from six different buildings into two, enabling it to centralize and streamline operations. respond to customers more efficiently and reduce its carbon footprint.
Strategic Capital, Compass Development Launch N. Salt Lake City Mixed-Use Project
Set on a parcel originally owned by the Compass Development Group, Eaglewood Village will include office, retail, multi-family and single-family components. Compass sold its stake to Strategic Capital except for the apartment portion. Strategic Capital now owns 17 acres of land that will feature office and retail space, as well as entitlements for 300 residential units.