It has been a pleasure to work on the largest industrial lease in Salt Lake City that will create a long term solution for Sun Products.
INDEPENDENCE, MO (PRWEB) November 08, 2012
Xceligent, a commercial real estate information provider, announces NAI West, The Sun Products Corporation, and Freeport West Industrial Properties recently completed a 1,000,000 square foot lease at Freeport West Landmark Industrial Park, the largest transaction in Salt Lake City’s history.
The lease, executed in October, will allow Sun Products to better optimize its Salt Lake City distribution centers. By consolidating their warehousing from six buildings to two main distribution centers, the company will realize significant complexity reduction, better workforce utilization, reduced local transportation requirements (reduced emissions), and improved customer responsiveness.
The property is made up of two buildings but will operate as one primary distribution facility: one building was completed and delivered this month, and an adjacent twin building to be completed in the third quarter of 2013. The buildings will provide warehouse, office, and light manufacturing space.
“Due to the accessibility of major interstates and a large rail hub, the versatility of the property and buildings, and proximity to other Sun Products facilities, Freeport West made the most strategic and economic sense,” said Skip Tappan, Corporate Director of Distribution and Logistics for Sun Products Corporation. “We are extremely pleased with the cooperation of all involved in this project. The teamwork between Sun, NAI WEST, Freeport West, and Big-D led to the completion of this complex undertaking and demonstrated the power of full collaboration.”
Sun Products, headquartered in Wilton, Connecticut, is a leading provider of laundry detergent, fabric softeners, and other household care products. Sun Products brands include Wisk®, all®, and Snuggle®, and the company also serves as manufacturing partner for many of North America’s leading mass merchandisers, warehouse clubs, and food, drug and dollar retailers.
NAI WEST Executive Vice Presidents Zach Anderson, Bryce Blanchard, Kyle Roberts, and NAI WEST President Mike Falk managed this lease transaction. NAI WEST is Utah’s #1-ranked commercial real estate firm. The Salt Lake City based company provides complete brokerage and management services for office, industrial, retail, multi-family, and investment property across Utah and the Mountain West.
Speaking of the transaction, Anderson said “We have been working with Sun Products on this project for quite some time and feel it is a win-win for both Sun Products and Freeport West. It has been a pleasure to work on the largest industrial lease in Salt Lake City that will create a long term solution for Sun Products.”
Freeport West Industrial Properties was represented by Executive Managing Director Brad Ross. Freeport West has nearly 10 million square feet in Utah, California, and Nevada and has been developing, leasing and managing industrial space since 1963. All properties are owner controlled, allowing for quick decisions and attention to each tenant’s individual requirements and needs. Freeport West also has over 450 acres of land for future development or to be built to tenant specifications.
“Our expertise is solving tenant needs,” said Ross. “Because we are owner controlled, we are flexible enough to get big deals done. This is a unique opportunity and we are thrilled we were able to help it come together, and help Sun Products with their needs.”
The buildings are being built by Big-D Construction, who provides a variety of construction management, design-build and general contracting services in Utah, California, Wyoming, and Arizona.
Cory Moore, Vice President of Big-D Construction said, “We are thrilled to have worked with Freeport West and NAI WEST on another high quality project. They are experts at this product type, strive to exceed their client’s expectations and are reliable, trustworthy, and responsive. It is no wonder they have been so exceptionally successful these last few years.”
This successful transaction highlights the continued growth of Utah’s commercial real estate market and the state’s ability to attract and retain leading businesses.
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About NAI West
NAI West was founded in Salt Lake City, Utah in 1998 as a full service commercial real estate brokerage. It has since grown to include property management, property maintenance and business acquisition services. In 2012 NAI West was recognized as the number one commercial real estate brokerage by Utah Business Magazine and the number one property management firm by the Enterprise Newspaper for the fourth consecutive year.