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Salt Lake City – Building 1 has broken ground at Meridian Commerce Center in Salt Lake City. The building is a 231,770-square-foot, Class-A industrial building being developed by IDI Gazeley, a prominent industrial developer. It is a speculative project designed as big-box space with 32-foot ceiling heights.
Located just off of Bangerter Highway and California Avenue, construction on the space began during the second quarter of 2014. The new industrial listing is being overseen by the Salt Lake offce of CBRE.
“There is great demand for high-quality industrial space in Salt Lake right now, and Meridian Commerce Center is located in an area that is experiencing some of the highest levels of activity within Utah’s industrial market,” said Rad Dye of CBRE. “Because of its proximity to major distribution outlets, the majority of new industrial space along California Avenue is being leased before construction of the buildings has even finished.”
Construction of Building 1 is expected to be completed before the end of the year.