May 16, 2013

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Article

Neways Distribution Center Sold

Press Release

May 16, 2013

Springville —  An entity led by Black Cliff Capital has purchased the 304,900 square-foot Neways International Distribution Center in Springville from Cardinal Capital. Neways International opened this display showroom and warehouse facility in 2008 and has been the site’s only occupant. Neways will retain its full tenancy in the building. Executive vice president Bryce Blanchard of Newmark Grubb ACRES assisted in the sale.

Neways operates in 29 countries, with hundreds of thousands of independent distributors. Neways operates an additional 10 offices across the globe.

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