The development company VanTrust Real Estate has acquired a 32-acre parcel in West Valley City, Utah, to build four industrial warehouse buildings.
The site is located just south of State Route 201 and west of Mountain View Corridor, and it is also near the Salt Lake City International Airport, Interstate 80, Interstate 15, and the Union Pacific Railroad intermodal hub. According to the company, the site will accommodate four buildings that will provide 600,000 square feet of new Class A industrial space.
VanTrust anticipates construction on the first two buildings will start in late spring 2025 and deliver in late spring 2026. Construction timing on the second two buildings is still to be determined. Specific tenants for the warehouses have not yet been identified, and Tom Freeman and Travis Healy of Colliers were named as the property’s leasing team.
The financial terms of the acquisition were not disclosed.
“We are thrilled to have acquired this advantageously located site on which to build new industrial warehouses,” said Chris McCluskey, VanTrust’s executive vice president of development for Salt Lake City. “One of our specialties at VanTrust is industrial properties, and we are excited to add this tremendous location to our portfolio.”
Photo: Artist’s rendering of the planned industrial property.
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