An affiliate of Walton Street Capital, L.L.C. has acquired the SLC Infill Industrial Portfolio, a portfolio of seven Class A industrial assets totaling 526,872 square feet in infill Salt Lake City. The acquisition was made in partnership with Greenlaw Partners in two separate transactions. Terms weren’t disclosed.
Currently 100% leased, the Infill SLC Portfolio is strategically located within a one- to three-mile radius of major Interstates and freeways including I-15, I-80, I-215, SR-154, and SR-201. The Portfolio is also located less than 10 miles from Salt Lake City International Airport and nearby two major rail yards.
“This transaction represents Walton Street’s fifth investment in Salt Lake City and second logistics investment illustrating our strong conviction in the market’s population growth and key employment drivers,” said Andrew Gindy, senior principal at Walton Street. “We look forward to expanding upon our partnership with Greenlaw in seeking to acquire additional infill logistics properties.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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