Stos Partners acquired a three-building 279,233-square-foot industrial complex located on 14.53 acres at 900 W 2900 in Salt Lake City, Utah, for $35 million. Stos will immediately re-tenant and oversee a capital improvement plan.

Eli Priest will head a Newmark team retained to oversee leasing at the industrial complex.  Alex Harrold of Mathews Real Estate represented Stos Partners in the acquisition.

Stos’s Morgan Hill added, “The Salt Lake City industrial market saw leasing activity exceed 2.5 million square feet in the second quarter of this year with logistics and distribution accounting for 81 percent of that total, according to JLL’s Q2 Salt Lake City Industrial Report”. 

The complex is located near the I-15, I-80, I-215 and SR-201 Freeways.  It is also located approximately 10 miles from Salt Lake City International Airport.

Competitive building features include 22-foot clear height, 49 dock high doors and 18 drive-in ground level doors.