SALT LAKE CITY — Corliss Management Group (CMG), a fifth-generation, family-owned real estate investment and development firm, has officially entered the Utah market with the acquisition of a single-tenant net lease industrial asset at 3685 S. 500 W. in South Salt Lake.
The acquisition includes a 31,716 SF warehouse situated on 1.97 acres, currently leased to MasTec, a publicly traded infrastructure construction company with a market cap over $10 billion. The property features upgraded infrastructure including new HVAC systems, a new roof, and expansive outdoor storage space—plus 33,000 SF of excess land for future use.
“This is more than just a new acquisition—it’s a strategic foothold in a market we deeply believe in,” said Eric Corliss, Managing Partner at Corliss Management Group, who proudly calls Utah home. “As someone who has watched the Salt Lake Valley grow and evolve firsthand, I see the incredible momentum of this state and the opportunities unfolding throughout the region. We’re thrilled to bring our family’s expertise, passion, and heart to Utah, and look forward to expanding our family business legacy beyond Washington to the beautiful Beehive State.”
Corliss Management Group plans to invest $25M–$75M in the greater Salt Lake City area over the coming years. With a focus on stabilized, income-producing assets, their acquisition targets include industrial, self-storage, and retail properties ranging from $5M to $15M. As an all-cash buyer with no financing contingencies, CMG is particularly drawn to off-market and distressed asset opportunities and is actively building relationships with local brokers and advisors.
To show its commitment to strong broker relationships, CMG offers an additional 0.50% bonus on off-market deals, whether the commission is seller-paid or covered directly by CMG.
“This move represents a continuation of our family’s long-standing values—intentional growth, deep-rooted partnerships, and a long-term view on every investment we make,” said Corliss.
For inquiries or to present opportunities in the Utah market, please contact: acquisitions@corlissco.com
About Corliss Management Group: Corliss Management Group is a fifth-generation family-owned real estate company specializing in long-term investments and property management. We focus on building a stable portfolio of income-generating assets and are committed to delivering sustained value for our clients. As a trusted partner, we offer expertise in real estate buying and selling, financial advisory, and estate planning. Our goal is to create positive economic impacts and contribute to the well-being of the communities we serve in Washington and Utah.
For more information about Corliss Management Group LLC, please visit https://www.corlissco.com/