New at State
Spanish Fork Skypark
Spanish Fork Skypark is an industrial development spanning 126 acres in Utah County’s industrial quadrant. Comprising nine buildings and totaling 2 million sq.ft., the project’s first phase will begin construction in 2024. It is situated in the heart of Utah County’s fastest growing industrial submarket at the intersection of I-15 and Hwy 6, crucial transportation routes connecting Utah to Denver, Albuquerque, Kansas City, Oklahoma City, Greater Texas and many other major destinations.
410 Chipeta – University of Utah’s Research Park
410 Chipeta is a 260,000 sq.ft. life science development situated on 4.7 acres within the University of Utah’s Research Park. Located on campus, Research Park is a vibrant and accessible district dedicated to technology and life science innovation. As part of a new 20-year master plan development, the project will contribute to the ongoing growth, investment, and talent attraction in the park. Initial sitework has already commenced, with construction to start imminently.
West Village – Granary
West Village – Granary is an urban mixed-use project in downtown Salt Lake City’s new innovation district. Spanning 6.7 acres, it is entitled for 607 units of Class A multifamily, 180,000 sq.ft. of office and life science, and 8,000 sq.ft. of curated retail space. Once an industrial and rail corridor, the Granary District is now a vibrant neighbourhood attracting entrepreneurs, designers, artists, brewers, and craftsmen. Phase I construction commences in Q1 2024.
Western Distribution Centre
Western Distribution Center is a 1.1 million sq.ft. industrial property with a 98.2% lease rate and 5.1 years of WALT. It is situated on Highway 6, and is five miles from I-15 connecting the site to Utah’s major transportation routes. The site includes 62.4 acres of unimproved land for an additional 500,000 sq.ft. It is undergoing the entitlement process for 250 condos, 120 townhomes, and 24 single-family homes.