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Salt Lake City –The Salt Lake City office of CBRE finalized the sale of 38.77 acres of land in Draper. Tom Dischmann, senior vice president, represented the buyer, Kimball Investment Company. Jeff Richards, first vice president, represented the seller, Scandia Investment/White Rim Investment.
Located at 170 Golden Harvest Road, the land is known as the White Mountain Business Park. It is adjacent to the new FrontRunner station and eBay’s new call center. Kimball Investment has plans to develop an office/warehouse project on the site. Completion of Phase I is targeted for the end of 2014.
“There is a very limited supply of industrial land in the south valley,” said Richards. “As new commercial and residential developments continue to grow, so does the demand for industrial warehouse space.”