The much awaited IPG Midyear Industrial Review is here! 2016 has sustained continued growth, but we anticipate a slight slowdown may be ahead. We have gathered data from multiple sources, including our own comprehensive database, to give you a balanced and concise view of the local market with up to date statistics and current market pricing.
Click the link below to download in full.
IPG Commercial is pleased to announce the first sale of 158.33 acres of land at our new 363 acre master planned industrial park – Copper Crossing @ I-80 in Salt Lake City, UT. The land was purchased by UPS, who plans to build aregional packing operations facility which could bring up to 195 high paying jobs to the area.
“The sale of this property serves to confirm our intention that this property would be the next great industrial park in Utah. The sale to UPS validates our efforts and we are pleased to have this leading company in what will certainly be a leading industrial park in Utah for years to come.”says Michael Jeppesen SIOR, CCIM, President of IPG Commercial Real Estate
The land is located on approximately 6400 West and 700 South, with the future Mountain View Corridor extension running nearly adjacent to the property. The seller was represented by Michael Jeppesen SIOR, CCIM and Jeremy Jensen of IPG Commercial Real Estate, and the Buyer was represented by Darren Ross, SIOR of Colliers International.
Additional information about the transaction can be found in the Utah Business Magazine Article HERE
For additional questions, please contact: michael@ipgcre.com
IPG is taking a breather next week to recharge and revamp our office. We hope all of our clients are enjoying the long weekend! Happy Labor Day Weekend!
We had a wonderful chance to interview one our clients, Paul Hudson with Hudson Printing. We completed a successful sale/leaseback with him back in March! Check out the video below!
Yesterday we had a great opportunity to hit a few golf balls and spend time with some of the very elite deal makers in Utah commercial real estate. Seefried Industrial Properties sponsored the Utah SIOR Chapter summer social and business meeting at Top Golf in Midvale. We had good food, great company, deal talk, and a very fun time together. The picture we got was unfortunately a bit in the shadows, but we were grateful for the shade as we golfed.
Special thanks to Jessica Cabibi for organizing the event and being the SIOR Utah Chapter administrator this year (and next) while I am President.
