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
CXO of the Year 2015Utah Business Event
Jun 25, 2015
Utah Business Magazine along with Stoel Rives - are proud to present the 2015 CXO of the Year Awa...
Fast 50 - NOMINATIONS OPENUtah Business Event
Aug 27, 2015
NOMINATIONS OPEN -- Deadline June 26, 2015 Nomination Forms The top 50 companies will be se...
Job Summit - POSTPONED UNTIL FALL 2015 Utah Business Event
Sep 24, 2015
NOTE: The date listed below is not secured. We will update as the event gets closer. Thank you ...
Community Events View All
Mac OS X Support Essentials
May 29, 2015
Using Apple Certified Curriculum, Mac OS X Support Essentials is a hands-on course that provides ...
Self Hypnosis Workshop
May 30, 2015
Learn the secrets of Self Hypnosis and ‘Train Your Brain’ for Health, Happiness and Success. Ther...

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