April 8, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Pacific Landing III Building Sold

Press Release

April 8, 2014

Salt Lake City — Pacific Landing III, a 345,686-square foot industrial distribution building, has sold. The building was built on speculation in 2012 with Eckman & Mitchell Construction as general contractors and was owned by Pacific Landing III, LLC. The buyer was Exeter Property Group a real estate investment management firm.

The transaction is the largest industrial investment deal of the year so far in the market. The property sold as a warm shell, still requiring lights and tenant improvements, but with numerous tenants currently in the negotiation process.

Newmark Grubb ACRES industrial specialists Andy Wheeler and Jim Sheldon represented the seller.

“This property’s transition is underscored by the general ‘flight-to-quality’ across all product types and especially for institutional investors,” Sheldon said. “It is also confirmation of Utah being seen as investment-worthy for the long-term, as well as the enduring dividend returned by continued infrastructure investment.”

Utah Business Social
UB Events View All
Forty Under 40Utah Business Event
Feb 26, 2015
Utah Business magazine along with presenting sponsors, Kirton McConkie, Big-D Construction and M...
CEO of the YearUtah Business Event
Mar 20, 2015
Utah Business Magazine and Presenting Sponsors: Holland & Hart and Newmark Grubb ACRES, Premier S...
2015 Job SummitUtah Business Event
Apr 10, 2015
Position your company as a Premier Employer in today's competitive job market! Utah Business maga...
Community Events View All
UTC Breakfast with Legislative Leadership
Feb 26, 2015
Please join us as we hear from legislative leaders, House Speaker Greg Hughes and Senate Presiden...
Mac OS X Support Essentials
Feb 27, 2015
Using Apple Certified Curriculum, Mac OS X Support Essentials is a hands-on course that provides ...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel