Salt Lake City — ViaWest Group and Clarion Partners have officially broken ground on the Central Commerce Center project, with Colliers leading marketing and leasing of the development along with Big D Construction as Gentral Contractor for the project. The groundbreaking ceremony marks a significant milestone for Salt Lake City’s industrial landscape. Central Commerce Center is a transformative development comprising two LEED Certified Industrial Buildings spanning 25.11 acres and approximately 340,000 square feet in the market-leading Northwest Industrial Quadrant.

“The addition of the Central Commerce Center will compliment Salt Lake City’s industrial and manufacturing core in the Northwest Quadrant, offering LEED-certified facilities that support economic growth and environmental quality,” said Salt Lake City Mayor Erin Mendenhall. “Efficient development like Central Commerce Center helps ensure the City’s industrial network is sustainable and prepared to operate for generations, supporting both workers and residents.”

ViaWest Group shared insight into the project’s significance. “Central Commerce Center is not only uniquely located geographically in the heart of the Northwest Quadrant, but will be delivering at a unique moment in time when new constuction supply has dropped of significantly compared to recent years,” said Tom Glissmeyer, Market Leader for ViaWest Group. “Fundamentals have remained solid, indicating what we all know, that Salt Lake is a very durable market – we are excited to deliver this first-class project, and will continue to look for new opportunities.”

“We are thrilled to be part of this groundbreaking endeavor,” stated Clarion Partners Vice President of Asset Management David Witham. “Central Commerce Center represents an opportunity to enhance the fabric of Salt Lake City’s industrial community, offering modern, sustainable spaces that meet the evolving needs of businesses in the region.”

As the development’s exclusive brokerage partner, Colliers emphasized the impact of Central Commerce Center. “We are proud to facilitate the realization of Central Commerce Center,” stated Rusty Bollow, Executive Vice President at Colliers. “This project will catalyze economic development, job creation and community enrichment in Salt Lake City.”

Rusty Bollow and Bobby Stevens, Vice Presidents at Colliers, will oversee the property marketing and leasing of the facility, ensuring that Central Commerce Center attracts top-tier tenants and contributes to the region’s continued growth. The development’s groundbreaking symbolizes continued progress and opportunity in one of the most dynamic industrial districts in the United States, Salt Lake City’s Northwest Industrial Quadrant. The property will emerge as a beacon of excellence within the area, providing a dynamic environment for businesses to thrive.

For further information, please contact:
Media Contact
Bryan Welch
Director PR & Communications
U.S. West Region
[email protected]
+1 801 453 6819

About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 65 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

About Clarion Partners 
Clarion Partners, LLC has been a leading U.S. real estate investment manager for over 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With $76.6 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to approximately 500 domestic and international institutional investors. Clarion is scaled in all major property types and was an early entrant into the Industrial sector. The Firm’s global industrial team manages a 1,000+ property portfolio in the U.S. and Europe consisting of more than 250 million square feet. Clarion Partners is an independent subsidiary of Franklin Templeton. More information about the firm is available at www.clarionpartners.com.

About ViaWest Group 
Established in 2003, ViaWest Group is a Phoenix-based, full-service commercial real estate investment, development, and property management firm. ViaWest Group is one of the fastest growing real estate investment companies in the Southwestern U.S. with over $3.1 billion in aggregate transactions since inception, 13.2+ million square feet owned, managed and under development, with offices in Phoenix and Denver. ViaWest Group is currently seeking to acquire and develop office, industrial, and multi-family buildings and land parcels in the Southwestern U.S. Visit our website www.viawestgroup.com or contact Mikele Keiffer at (602) 957-8300 x116.