Pleasant Grove— Responding to mounting demand for warehouse and light manufacturing space, real estate development, and investment firms, Dakota Pacific Real Estate, in partnership with Los Angeles-based Brasa Capital Management, has started construction on East 15 Commerce Park, a Class A, 500,000-square-foot light-industrial park located near 1000 W. 700 South in Pleasant Grove, Utah.

The project includes three buildings in a campus-style environment, easy access to Interstate 15, a soon-to-be-added stop for Utah County’s new bus rapid transit system, and over 30 restaurants and 85 retailers within walking distance.

“Major companies like Amazon, Microsoft, and eBay are clustered in this area for a reason and we’re excited to offer technology, manufacturing, and other businesses with top-notch warehousing options,” Managing Director for Dakota Pacific Real Estate, Brian Dilley says. “The project name, East 15 Commerce Park, highlights its prime location just east of Interstate 15, which provides great freeway access that will get even better when a new interchange is built nearby.”

The project is in the center of Utah County’s technology corridor, nicknamed Silicon Slopes, which attracts some of the region’s top technology, life science, education, research and development, high-tech manufacturing, distribution, and e-commerce firms. More than 50 top-tier companies contribute to the area’s dynamic economy, capitalizing on the business-friendly environment and robust workforce of young, highly skilled employees, including 70,000 college students from nearby Utah Valley University in Orem and Brigham Young University in Provo.

Zions Bank is providing financing for the project. Salt Lake City-based Big-D Construction is the general contractor. Leasing is managed by Lucas Burbank and Ben Richardson with Newmark. 

By the numbers

East 15 Commerce Park includes:

Building 1

• 196,316 square feet
• 32-foot height clearances
• 38 dock-high loading doors
• 4 ground-level loading doors
• 167 parking spaces
• 4 glass storefronts
• Construction underway
• Completion in spring 2022

Building 2

• 231,288 square feet
• 32-foot height clearances
• 40 dock-high loading doors
• 4 ground-level loading doors
• 214 parking spaces
• 4 glass storefronts
• Construction to begin in early 2022
• Completion in late 2022.

Building 3

• In design; construction schedule not set

Buildings 1 and 2 are available now for pre-lease.  

About Dakota Pacific Real Estate
Dakota Pacific Real Estate is a privately held real estate investment and development firm focused on serving the dynamic commercial and multi-family residential real estate needs of the thriving Intermountain West markets. The firm seeks to generate long-term value for its investors and for the communities in which it invests by leveraging its talented professionals, highly disciplined process, and uncompromising commitment to excellence in acquiring, developing, and managing best-in-class properties throughout the region.

About Brasa Capital Management
Brasa Capital Management (www.brasacap.com) is a real estate investment manager based in Los Angeles. Brasa targets middle-market commercial real estate investments in the Western US and Texas. The firm invests across the capital stack in diversified asset types. Brasa manages both commingled funds and separate accounts on behalf of institutional and high-net-worth investors.