{"id":1004400692,"date":"2020-03-18T10:16:19","date_gmt":"2020-03-18T18:16:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004400692"},"modified":"2020-03-18T10:16:19","modified_gmt":"2020-03-18T18:16:19","slug":"kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m\/","title":{"rendered":"KPFN Properties Sells Salt Lake City Industrial Asset for $30M"},"content":{"rendered":"
\"\"<\/a>

Aerial view of 669 S. Prosperity Road. Image via Google Street View<\/em><\/p><\/div>\n

KPFN Properties has sold a 364,000-square-foot, single-tenant industrial asset in West Jordan, Utah, for $30.1 million.<\/p>\n

Newmark Knight Frank represented both the seller and the buyer, ARKA Properties Group. The building is occupied by Visible SCM Logistics.<\/p>\n

Located at 9669 S. Prosperity Road, the property is just off Mountain View Corridor, a highway project that will be 35 miles long once completed. South Valley Regional Airport is 4 miles from the property. The asset is within a growing industrial submarket that spreads between South Salt Lake and North Utah counties. According to NKF, this area consists of 32.5 million square feet of properties, with 3.8 million under construction.<\/p>\n

NKF\u2019s team included Executive Managing Directors Bryce Blanchard, Kyle Roberts and Lucas Burbank. Recently, another team from the company arranged a $163 million loan package<\/a>, on behalf of The Arden Group, for a two-million-square-foot, multiple-state industrial portfolio. The financing included $134.3 million from CIT Bank and approximately $29.2 million from BlackRock.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 364,000-square-foot, single-tenant building is located within a growing industrial submarket.<\/p>\n","protected":false},"author":868,"featured_media":1004400713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,1606,15],"tags":[48989,48986,36007],"class_list":["post-1004400692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-salt-lake-city","category-west","tag-arka-properties-group","tag-kpfn-properties","tag-newmark-knight-frank"],"acf":[],"yoast_head":"\nKPFN Properties Sells Salt Lake City Industrial Asset for $30M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KPFN Properties Sells Salt Lake City Industrial Asset for $30M\" \/>\n<meta property=\"og:description\" content=\"The 364,000-square-foot, single-tenant building is located within a growing industrial submarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-18T18:16:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/669-S.-Prosperity-Road-e1584535831589.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"676\" \/>\n\t<meta property=\"og:image:height\" content=\"508\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m\\\/\"},\"author\":{\"name\":\"Sergiu Inizian\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/77efc8abfd11ea13ed9ee7a0e190eb2a\"},\"headline\":\"KPFN Properties Sells Salt Lake City Industrial Asset for $30M\",\"datePublished\":\"2020-03-18T18:16:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m\\\/\"},\"wordCount\":182,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2020\\\/03\\\/669-S.-Prosperity-Road-e1584535831589.jpg\",\"keywords\":[\"ARKA Properties Group\",\"KPFN Properties\",\"Newmark Knight Frank\"],\"articleSection\":[\"Deals\",\"Industrial\",\"Investment\",\"Salt Lake City\",\"West\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/kpfn-properties-sells-salt-lake-city-industrial-asset-for-30m\\\/\",\"name\":\"KPFN Properties Sells Salt Lake City Industrial Asset for $30M - 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