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Phoenix & Southwest  + Southwest  + Industrial  | 
Longpoint

Longpoint Acquires 2 SLC Warehouse Portfolios

Longpoint acquired two separate industrial portfolios in Salt Lake City, Utah—the Mountain West Portfolio and the Salt Lake City Infill Portfolio—totaling over 1 million square feet.

The Mountain West Portfolio consists of nine shallow bay properties totaling over 490,000 square feet with a combined occupancy level of 85% at the time of sale. The buildings were built between 1999 and 2006.

The Salt Lake City Infill Portfolio is a collection of seven high-quality small and shallow bay industrial properties totaling over 531,000 square feet. The buildings, which were 100% occupied at the time of sale by a diverse mix of tenants, were built between 1995 and 2022.

The firm says it firm acquires underperforming industrial assets in supply-constrained infill locations.

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Longpoint

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