March 15, 2019 Comments Off on Hines Buys 50 Acres, Plans First SLC Development Views: 1710 National News, Southwest, Utah

Hines Buys 50 Acres, Plans First SLC Development

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Houston-based Hines acquired a 49.5-acre acre property in West Valley City, UT, just outside of Salt Lake City, where it plans to develop 201 Mountain View Park. The project is planned as a single-phased Class A industrial/logistics park containing 727,000 square feet of space.

The project will include four buildings, three rear-load medium distribution buildings and a bulk distribution cross-dock facility. The site is located five miles west of I-15, and is adjacent to the premier California Avenue submarket.

Hines’ Dusty Harris says, “We are excited to continue our expansion in Utah, and are thrilled the firm’s first development in the area will be with this Class A asset, which will be positioned to take advantage of Salt Lake City’s uniquely dynamic industrial leasing market.”

Kyle Roberts with Newmark Grubb Acres will handle the leasing for the new project.

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