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Walton Street Invests in Salt Lake Industrial
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.”
- ◦Sale/Acquisition