Spooky seasons greetings from the IPG crew! Last week we took our weekly strategy meeting mobile, and explored the neighborhood. This house on 900 East and 1500 South always has the best Halloween decorations year after year. The owner outdid themselves this year with this HUGE fire breathing dragon! Maybe they will let us borrow it to hide inside a warehouse and scare some prospective tenants?
That is right…IPG Commercial just helped complete the largest industrial build to suit in the history of the state of Utah!
Post Brands recently signed up with Freeport West for a 900,000 square foot west coast distribution facility. IPG assisted Corporate Realty Advisors from Dallas for a multi-county site selection process, ultimately determining that Freeport West had the right ingredients here in Salt Lake City. The building is under construction with occupancy scheduled for 4th quarter 2017. Congratulations to all involved in this monumental effort!
CCIM RealCon is an event that helps commercial real estate brokers learn how to improve their business for the next year. We hope all the brokers this year did not miss the chance to learn trends that will shape the commercial real estate market and connect with other CCIM members and non-members alike.
Michael is participating as the moderator in a breakout session this year for the Industrial/Warehouse Innovation and forward projections. Don't miss that session!
At IPG, we continue to strive to learn more about the industry and trends as a way to guide our clients way into this exciting commercial real estate market!
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
