CBRE represented the seller of the newly constructed industrial asset.
GO industrialin partnership with a real estate fund advised by Crow Holding Capitalsold 5600 Logistics, a 505,692 square foot logistics campus in Salt Lake City. CBRE brokered the deal.
Layton Construction’s National Building Group recently completed the two-building industrial campus, which was designed by architectural firm AE Urbia.
The campus consists of two buildings. Building A is located on a 15 acre site and measures 265,120 square feet, with clear heights of 32 feet. The facility includes 50 dock-height gates and four ground-level gates, 177 employee parking spaces and 72 trailer parking spaces. Building B sits on 13.3 acres and covers 240,654 square feet, with clear heights of 32 feet. The property includes 46 dock-height gates, four ground-level gates, 159 employee parking spaces and 62 trailer spaces.
Located at 1456 and 1568 S. 5500, the properties have access to Interstates 15 and 80 and Interstate 201. Salt Lake City International Airport is just 8 miles away. Other industrial properties in the vicinity are occupied by the Union Pacific Intermodal Hub, the Costco Distribution Center and the RC Willey Intermountain Distribution Center, among others.
Senior Vice Presidents Chris Liddell and Matt McAfee, along with CBRE Senior Vice President Tom Dishman, represented the seller in the transaction.
In March, ViaWest Group acquired an 18-acre site that already contains a 37,000 square foot building, close to Salt Lake City International Airport. The company is planning an additional 171,600 square foot speculative building on the site.