Real Estate Weekly
Image default
Deals & Dealmakers

Newmark Completes Nearly 200,000-Square-Foot Industrial Lease for an American multinational food and beverage corporation in West Jordan, Utah

Newmark announces that an American multinational food and beverage corporation, has signed a 199,680-square-foot industrial lease at 6900 W 9800 S in West Jordan, Utah.

Newmark Executive Managing Director Kyle Roberts and Senior Managing Director Ben
Richardson
represented the landlord, BGJ Industrial, L.C., a joint venture comprised of The
Boyer Company and KC Gardner Company. Newmark has completed over 200 acres of
transaction volume with the landlord to date.

“The unnamed tenants decision to locate operations within the project further validates the logistical and labor thesis for companies seeking to address direct-to-consumer, store replenishment and regional distribution from what has become the premier bulk distribution hub within the southwest Salt Lake Valley,” said Roberts. “West Jordan is rapidly becoming the geographic center of gravity for scale use cases such as manufacturing, distribution, e-commerce and data centers. We are thrilled to see an iconic brand choose the site and developer.”

Richardson added, “We are excited to complete another successful lease for Boyer Gardner in a prime industrial location. The expanding traffic infrastructure in the rapidly growing southwest quadrant of Salt Lake County allows unnamed tenant access to an expanding labor force, road infrastructure and the ability to easily serve broadening distribution routes.”

Located in the emerging southwestern industrial corridor, 6900 W 9800 S is positioned near the Northwest Quadrant, one of the most dynamic real estate markets in the Western United States. The property sits within 0.5 miles of Mountain View Corridor and offers convenient access to West Jordan’s largest labor base, featuring strong population growth and an educated workforce.

According to Newmark Research, the Utah industrial market remains resilient with strong
demand for industrial space as absorption continues to outpace deliveries. For the fifth
consecutive quarter, national industrial absorption topped 100 million square feet. The persistent imbalance between demand and new deliveries has pushed vacancy down to 3.7%, likely a cyclical low.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million

REW

Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building

REW

Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando

REW