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Phoenix & Southwest  + Southwest  + Industrial  | 
Gardner Batt Sells 3-building SLC industrial portfolio for $291 million

Gardner Batt Completes $291 Million SLC Industrial Sale

Gardner Batt has sold the final asset of a three building, 547,000 square foot industrial portfolio. The joint venture of Greenlaw Partners and Mirae Asset Global recently acquired all three buildings.

The most recent of the three sales was a just-built 200,000 square foot structure that traded for $103 million. The other two buildings within the portfolio sold in June for a combined $188 million.

Cushman & Wakefield represented the seller. C&W’s Jeff Chiate says the SLC region is keeping busy, “Fully leased to a renowned high credit tenant, these state-of-the-art assets comprise a core last-mile logistics portfolio with critical locations in the Salt Lake City metro. Industrial sites remain in high demand…”


Inside The Story

Jeff Chiate

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition