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Clearfield —Futura Industries has purchased a distribution center in Clearfield from Prologis, an owner, operator and developer of industrial real estate.
The newly-purchased distribution center at 1201 South Industrial Parkway is a 217,708-square-foot warehouse building constructed in 1979. It is located 30 minutes outside of Salt Lake City near railways and major interstate roadways.
“Futura Industries is undergoing a major expansion and we consider ourselves extremely fortunate to be able to buy a quality facility so close to our current base of operations,” said Susan Johnson, president of Futura Industries.
CBRE facilitated both sides of the transaction. Andy Blunt represented Futura, and Matt McAfee, Rad Dye and Tom Dischmann represented the seller, Prologis.
Futura Industries designs, manufactures and sells aluminum and vinyl extrusions. In 1976 the company moved its warehousing business to Clearfield, followed by its manufacturing operations in 1980. Futura plans to transfer its warehousing business to this new location.
“Futura has a strong history in Utah and has been looking for an opportunity to purchase a facility that will allow it to expand operations,” said Blunt a CBRE associate. “This location is close to their current manufacturing site and will further strengthen the company’s local presence.”