The growth is established to be concluded by the end of the yr, with the well being-care company predicted to take occupancy in early 2023.
Medline has leased around 710,000 sq. toes at 264 S. 5750 West, an industrial development in Salt Lake City. The residence is anticipated to be shipped by the conclude of the year. Cushman & Wakefield labored on behalf of both of those the tenant and the landlord. Residence Reserve is the proprietor and developer of the challenge, in accordance to CommercialEdge.
The distribution area will attribute 113 dock doors, 40-foot obvious heights, 251 trailer parking spots, as well as 383 parking places for workforce. Situated on a 41-acre ton, the new industrial assets will be shut to interstates 80 and 215, 4.9 miles from Salt Lake Town Global Airport and 8.4 miles from downtown Salt Lake Metropolis.
The wellness-care corporation outgrew its 250,000-square foot distribution centre in the metro and is established to occupy the new house in the initial quarter of following 12 months.
Cushman & Wakefield Executive Taking care of Director J. Frank Franzese, Running Director Steven Bauer, Brokerage Professional Noelle Cuningham, with each other with Director Gina Moore, worked on behalf of the tenant, although the company’s Vice Chairman Tom Freeman and Govt Running Director Travis Healey represented the owner of the asset.
Before this calendar year, Cushman & Wakefield assisted ViaWest on an acquisition in the similar metro. The business entered the Salt Lake Metropolis industrial sector with the order of an 18-acre development web site where by it ideas to make a 171,600-square-foot Class A speculative facility.