December 1, 2020
A partnership between Kansas City-based NorthPoint Development and The Romney Group broke ground on Lakeview Business Park, a more than 19-million-square-foot warehouse, manufacturing, office and commercial project in Grantsville, UT. The new Class A project is situated on more than 1,300 acres and is among the largest industrial business parks to launch in the U.S.
The partnership will invest more than $1 billion in developing the park. Construction commenced on the first speculative building totaling 506,930 square feet. The remainder of the project is being developed in phases at future dates.
NorthPoint Development’s Chad Meyer says, “We are thrilled to be officially commencing construction on this large-scale, rail served, Class A business park along with the special partnership we have established with The Romney Group. Lakeview Business Park offers a great location for tremendous success with the ability to serve any industrial client in terms of size and labor for many years to come.”
Cushman & Wakefield’s Tom Freeman, SIOR, will handle brokerage services.
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Tags: Development, Industrial, Office, OrgSIOR
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