Cushman & Wakefield | Commerce Releases Notable Northern Utah Q3 Commercial Real Estate Transactions
Salt Lake City, Utah–10/28/15–Third quarter of 2015 showed great promise pertaining to the growth and continued forward momentum of the Northern Utah commercial real estate market. Cushman & Wakefield | Commerce announced a number of transactions in and around the Ogden area, as well as in Salt Lake City.
The Eagle Eye Warehouse building in Layton signed a five-year lease for a 32,500 square foot refrigerated space at $0.70 PSF/NNN. Rob Lindsey, branch manager/investment specialist with Cushman & Wakefield | Commerce represented the landlord, Eagle Eye Properties, LLC. The tenant was UST MFG, LLC.
Hinckley Commons, a retail center located at 1479 East 5600 South in South Ogden, leased 4,421 square feet to Maria’s Mexican Restaurant at $16.00 PSF/NNN for a term of five years. Julie Brown, associate, and Joe Florence, senior director, both of Cushman & Wakefield | Commerce represented the landlord, Rafter H, LLC, as well as the tenant.
Hinckley Automotive, a 14,412 square foot space located at 2775 South 300 West in Salt Lake City, sold for $1.2 million. Julie Brown and Joe Florence represented the seller, Six H Limited Partnership. The buyer was Intermountain Batter, LLC.
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About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, headquartered in Salt Lake City, Utah is an independently owned and operated member of the Cushman & Wakefield Alliance with offices throughout Utah, Nevada, Washington and Idaho. The firm partners with its sister company Cushman & Wakefield | NorthMarq to provide innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory.
Together the firms manage more than 52 million sq. ft. of retail, industrial, and office assets, have annual revenues of more than $100 million, and employ more than 750 professionals. Learn more at www.comre.com; www.cushwakenm.com. Cushman & Wakefield | Commerce and Cushman & Wakefield | NorthMarq are part of the Cushman & Wakefield platform, which is the world’s largest privately-held commercial real estate services firm with 259 offices in 60 countries globally.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services (branded C&W Services), global occupier services, investment & asset management (branded DTZ Investors), project & development services, tenant representation and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.