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120K SF SLC Shopping Center Acquired for $30M
X Development and Midloch Investment Partners have acquired Highbury at Lake Park, a Class-A shopping center in the West Valley City submarket of Salt Lake City for $30 million. Consisting of 119,366 square feet, the center is anchored by Target. It features a unique tenant mix of national and local restaurants, including Bank of America, Xfinity, Freddy’s, Marshalls and Cafe Rio.
Kip Paul of Cushman & Wakefield facilitated the transaction.
The purchase was financed with a fixed-rate loan from America First Credit Union.
Highbury at Lake Park is located on 5600 West, which features direct access to Hwy 201, SR 80, I-15 and 1-215, including multiple large employers, office parks and significant residential housing.
- ◦Sale/Acquisition
