{"id":1004208225,"date":"2018-02-23T06:45:06","date_gmt":"2018-02-23T14:45:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004208225"},"modified":"2022-12-08T17:34:39","modified_gmt":"2022-12-09T01:34:39","slug":"jv-launches-phase-1-of-slc-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-launches-phase-1-of-slc-industrial-park\/","title":{"rendered":"JV Launches Phase 1 of SLC Industrial Park"},"content":{"rendered":"<p>By Alex Ciorogar<\/p>\n<div id=\"attachment_1004208227\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/slc-port.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004208227\" data-attachment-id=\"1004208227\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-launches-phase-1-of-slc-industrial-park\/slc-port\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/slc-port.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Marisa Bomis&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1519214880&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"SLC Port Global Logistics Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;SLC Port Global Logistics Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/slc-port.jpg?w=800\" class=\"wp-image-1004208227 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/slc-port.jpg\" alt=\"SLC Port Global Logistics Center\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/slc-port.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/slc-port.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/slc-port.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004208227\" class=\"wp-caption-text\">SLC Port Global Logistics Center<\/p><\/div>\n<p>NWQ LLC\u2014a joint venture between Colmena Group, Wadsworth Development Group and Stokes Partners\u2014has launched Phase 1 of the SLC Port Global Logistics Center development. The 3,000-acre <a href=\"https:\/\/www.commercialsearch.com\/news\/aew-sells-salt-lake-city-industrial-asset-for-37m\/\">Salt Lake City logistics project<\/a> is located in the city\u2019s northwest region and will have the capacity to accommodate some\u00a050 million square feet of Class A speculative and build-to-suit buildings.<\/p>\n<p>Phase 1 consists of 10 buildings totaling nearly 7.5 million square feet of bulk distribution and manufacturing industrial space. Phase 2 will consist of 532,000 square feet, while Phase 3 will comprise 170,000 square feet. Both are slated for completion in the spring of 2019.<\/p>\n<h2>Historical Development<\/h2>\n<p><em>\u201cThe development of the Northwest Quadrant of Salt Lake City is one of the most noteworthy events to take place in the local industrial market in the area\u2019s history,\u201d<\/em> said Jeff Richards, senior vice president at CBRE, in prepared remarks. <em>\u201cGiven the market\u2019s current size of approximately 130 million square feet, the addition of SLC Port Global Logistics Center has the potential to increase the total market size by nearly 39 percent. This land was not historically available for development, so this project will dramatically alter the landscape of the local industrial market.\u201d<\/em><\/p>\n<p>CBRE industrial and logistic specialists Tom Dischmann, Jeff Richards, Matt McAfee and Chris Liddell will oversee the listing on behalf of NWQ.<\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phase 1 of the SLC Port Global Logistics Center development will consist of 10 buildings totaling more than 7 million square feet of distribution and manufacturing space.<\/p>\n","protected":false},"author":928,"featured_media":1004208227,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1606,15],"tags":[32789],"class_list":["post-1004208225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-salt-lake-city","category-west","tag-cbre"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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