GO Industrial Goes for Salt Lake City in a Big Way
Salt Lake City’s California Avenue submarket absorbed almost 1.3 million square feet of industrial space during first quarter 2021, the highest absorption rate of any Salt Lake City industrial submarket, according to CBRE. As of the end of the first quarter, the area was at a low 2.1 percent vacancy rate.
With that demand in mind, Phoenix-based GO Industrial, in partnership with Crow Holdings Capital, recently purchased 28 acres of infill land in that submarket for its debut industrial development, 5600 Logistics. The two-building 503,792-square-foot fully speculative project will follow the GO Industrial brand of strategically located, design-forward and highly functional real estate.
“Our business model focuses on delivering design-centric buildings with a location-first strategy, ensuring projects are at the center of quality employment pools and sought-after logistics corridors,” said Robert Guerena, GO Industrial managing partner. “5600 Logistics checks all of these boxes. It will model GO Industrial’s investment thesis for Salt Lake – a city with strong population growth and a robust industrial market where this type of institutional-level product is in high demand.”
5600 Logistics is located at S 5600 West and California Avenue, two miles from the Salt Lake City International airport and one mile south of Interstate 80.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.