Creating Opportunities for Utah - EDCU Site Selectors

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EDCU played host to 50 of the globe’s top Site Selector consultants during the first week of April. With sponsors/ community partners, they created a truly “Utah unique” experience that showcased Utah's economic, outdoor rec, food /beverage, & arts/culture assets. But beyond the tremendous assets, they also displayed the essence of #TeamUtah — collaboration. They learned about what’s driving activity - talent, globalization, mega-trends, & other macro forces that are impacting business decisions. They are thinking about the changing landscape of incentives. But they are mostly thinking about people. One of the most prominent consultants told them, “You know the one thing that always stands out about Utah? It’s that the people are honest and true. Our clients have come to rely on it.” It’s hard to quantify some of those “qualitative” features, but hearing the consultant say that was yet another reminder of why it’s important to create opportunities to interface directly w/ consultants & prospects

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Completion is near!

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Copper Crossing Building 1 is nearing the finish line! As the weather gets warmer and the crews are able to shift their focus to finishing the outside of the building the end of construction is looming ever closer! We are so excited for the start the tenant improvements in building 1 to get it ready for Olive and Cocoa’s new corporate headquarters and distribution center. We anticipate Olive and Cocoa will be able to move into the building in August.

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The Industrial Sector Confident Declares: “Plenty of Runway Left”

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I read an interesting article recently based on sentiment survey of SIOR members. Here is the synopsis:

All that is good about the industrial marketplace as well as factors that influence it – good equilibrium between supply and demand, the prospect for stable and healthy activity levels, the strength of the economy, and ever-expanding e-commerce – continue to make the U.S. the safest place to put capital, for domestic and international investors alike. Given this performance consistency and in spite of threats that do exist, there is every reason to believe there is plenty of runway left. Excerpted from SIOR REPORT

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CCIM Excellence Awards

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Michael and I were very honored to share the award for the Largest Industrial Lease transaction in Utah last year. The CCIM Utah Chapter hosted another great event at the Grand America Ballroom at the annual Excellence Awards. We've been very fortunate to have incredible clients, an amazing team at IPG and feel lucky to live in the State of Utah where support from the the Governor's Office of Economic Development and EDCUtah can't be beat. Team Utah always rolls up their sleeves to create an environment for businesses to flourish and grow. Special thanks the Herriman City, Kennecott/Rio Tinto, Riverbend Management, and of course, Bullfrog International for giving us the chance to participate in the new building of the new corporate headquarters and manufacturing facility for Bullfrog Spas.

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HemaSource to Move CORPORATE Headquarters and add Additional Warehouse Space

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IPG Commercial & Newmark, Grubb, Acres announces that HemaSource has Leased 99,831 square feet of space in the Price 5600 West Building located in Salt Lake City at 485 South 5700 West.  HemaSource will be expanding with a move of their corporate headquarters and acquiring additional distribution space. Jeremy Jensen, and Michael Jeppesen, of IPG Commercial, represented the lessee, HemaSource and Kyle Roberts of Newmark, Grubb, Acres represented the lessor, Price 5600 West.

HemaSource is an innovative logistics solution partner that combines best-in-class data analytics and high-quality medical product supply to specialty ambulatory clinics. Their mission is to drive customer operational efficiencies and related cost savings in high volume ambulatory care clinics. HemaSource’s patented data analytics software tool and superior customer service have enabled them to become the preferred disposables provider to the plasma collection market.