Friday, October 5, 2012

1,000,000 S.F. Lease to The Sun Products Corp. is Largest Transaction Ever in Salt Lake City


NAI West, The Sun Products Corporation, and Freeport West Industrial Properties recently completed Utah’s largest lease transaction in 2012.

The 1,000,000 square foot lease, located at Freeport West Landmark Industrial Park, will allow Sun Products to better optimize its Salt Lake City distribution centers. By consolidating their warehousing from six buildings to two main distribution centers, the company will realize significant complexity reduction, better workforce utilization, reduced local transportation requirements (reduced emissions), and improved customer responsiveness.

The property is made up of two buildings but will operate as one primary distribution facility: one building was completed and delivered this month, and an adjacent twin building to be completed in the third quarter of 2013. The buildings will provide warehouse, office, and light manufacturing space.

The buildings are being built by Big-D Construction, who provides a variety of construction management, design-build and general contracting services in Utah, California, Wyoming, and Arizona.

This successful transaction highlights the continued growth of Utah’s commercial real estate market and the state’s ability to attract and retain leading businesses. Utah Facilities