Utah

MCA Realty Acquires Three Multi-Tenant Industrial Buildings in Salt Lake City

by Amy Works August 21, 2026

SALT LAKE CITY — MCA Realty has purchased three multi-tenant industrial buildings in Salt Lake City from a private investor for an undisclosed price in an off-market transaction. Totaling 77,944 square feet, the properties are located at 515, 537 and 539 Pickett Circle. Built between 1998 and 2005, 515 Pickett Circle (24,356 square feet), 537 Pickett Circle (43,544 square feet) and 539 Pickett Circle (10,044 square feet) offer 20-foot clear heights and a combined 24 grade-level doors. MCA Realty plans to implement a capital improvement program, including refreshed paint, upgraded landscaping, enhanced parking areas and modernized signage. Travis Healey and Tom Freeman of Colliers represented MCA Realty and the seller in the transaction.

August 21, 2026

Acquisitions Office Utah Western

Six Ridge Partners Divests of Three-Building Riverwoods Business Park in Provo, Utah

by Amy Works August 5, 2026

PROVO, UTAH — Six Ridge Partners, formerly Dakota Pacific, has divested of Riverwoods Business Park in Provo. Terms of the transaction were not released. Brandon Fugal, John Monson and Grant Lammerson of Colliers represented Six Ridge Partners in the transaction, while Summit Commercial Advisors represented the undisclosed buyer, which purchased the property on behalf of an investor group affiliated with Flagship Cos. Developed in the mid-1990s, the three-building campus offers 185,000 square feet of research, innovation and office space. Current tenants include Qualtrics, Vivint and UCCU.

August 5, 2026

Development Industrial Utah Western

Seefried Industrial Properties, Clarion Partners Break Ground on 265,000 SF Spec Project in Salt Lake City

by Amy Works July 31, 2026

SALT LAKE CITY — Seefried Industrial Properties, in partnership with Clarion Partners, has broken ground on a speculative industrial development at 4950 West 1100 South in Salt Lake City. The project is the firms’ first joint development in the Salt Lake City market. Slated for completion in third-quarter 2027, the development will feature 265,000 square feet of Class A industrial space across two buildings. The buildings will include approximately 79,465 square feet office space, 52 dock-high doors, 12 grade-level doors and 268 parking spaces. The development is designed for logistics, distribution and light manufacturing users. Big-D Construction is serving as general contractor for the project. AE Urbia Architects is architect of record, and Dominion Engineering is serving as civil engineer. Tom Freeman, Jeremy Jensen, Travis Healey and Rob Parise of Colliers are handling marketing and leasing efforts for the development.

July 31, 2026

Acquisitions Office Utah Western

State of Utah Acquires Office Campus in West Valley City for $40M

by Amy Works July 22, 2026

WEST VALLEY CITY, UTAH — The State of Utah has purchased Franklin Campus, a five-building office development in West Valley City, part of the Salt Lake City metro area, for $40 million. The Utah Department of Health and Human Services will use the 312,234-square-foot office campus, which is situated on 21.7 acres, as its headquarters. Originally developed to serve as FranklinCovey’s corporate headquarters, the property features a cafeteria, fitness center and auditorium. Brandon Fugal and Chris Kirk of Colliers handled the transaction.

July 22, 2026

Acquisitions Industrial Utah Western

ARKA Properties Group Purchases 98,820 SF Industrial Building in Sandy, Utah

by Amy Works July 15, 2026

SANDY, UTAH — ARKA Properties Group has purchased a 98,820-square-foot industrial building in Sandy, part of the Salt Lake City metro area, from a Southern California-based private developer. Lucas Burbank, Jeff Heaton, Kyle Roberts and Kelsie Akiyama of the DRAY Logistics Group at Newmark Mountain West represented the buyer and seller in the deal. The sales price was not disclosed. The facility features 32-foot clear heights and 16 dock-high loading doors. At the time of sale, the property was fully leased to Pella Windows, NanoYield and Artisan Design Group. All tenants are signed to long-term leases through at least 2030.

July 15, 2026

1138-S-Valley-Grove-Way-Pleasant-Grove-UT

Development Hospitality Utah Western

Ball Ventures, B&T Hospitality Open 143-Room Dual-Branded Hotel in Pleasant Grove, Utah

by Amy Works July 10, 2026

PLEASANT GROVE, UTAH — Ball Ventures and B&T Hospitality have opened a 143-room dual-branded hotel in Pleasant Grove, located north of Provo. The hotel, which carries the Tru by Hilton and Home2 Suites by Hilton brands, is located at 1138 S. Valley Grove Way within the 128-acre Valley Grove mixed-use business community that is being developed by Baltimore-based St. John Properties Inc. The Tru by Hilton features 68 guestrooms, and the Home2 Suites offers 75 suites. Shared amenities include a heated outdoor pool and hot tub, 24-hour fitness center and outdoor fire pits. Both hotels offer daily complimentary breakfast, free parking, business center and meeting rooms.

July 10, 2026

Acquisitions Multifamily Utah Western

Gelt Venture Partners Buys 117-Unit Drexler Townhomes in Lehi, Utah

by Amy Works July 10, 2026

LEHI, UTAH — Gelt Venture Partners (GVP) has purchased Drexler Townhomes, a Class A townhome community located south of Salt Lake City. The original developer sold the property for an undisclosed price in an off-market transaction. Completed in 2023, Drexler features 117 two-, three- and four-bedroom townhome units averaging 1,705 square feet with attached two-car garages and private driveways. The property is located on 10.8 acres at 2790 N. Segundo Drive. The original developer completed the conversion of 24 unfinished basements into fourth bedrooms, and GVP plans to finish 35 additional basement bedroom conversions.

July 10, 2026

Development Retail Utah Western

Asana Partners Invests $25M for Redevelopment of Retail Center in Salt Lake City

by Amy Works June 18, 2026

SALT LAKE CITY — Asana Partners has invested $25 million to redevelop Foothill Village, a 260,000-square-foot retail center located in the East Bench neighborhood of Salt Lake City. The center, which is anchored by grocer Dan’s Fresh Market, features a new central plaza, open-air breezeways, six new tenants and two levels of retail shops. New tenants that will be joining the property later this year include Magnolia Bakery, Zao Asian Café and MD Hyperbaric. JD Flannel Donuts, Mo’ Bettahs and fitness concept [solidcore] have already opened at the center. The final phase of construction, which will be executed in partnership with Salt Lake City in order to connect the center to Curtis Park, will be completed this month.

June 18, 2026

Industrial Loans Utah Western

Hamilton Partners, Bow River Capital Receive $44.2M in Financing for Hamilton Logistics Center in Salt Lake City

by Amy Works June 12, 2026

SALT LAKE CITY — Hamilton Partners and Bow River Capital have received $44.2 million in refinancing for Hamilton Logistics Center, a 474,600-square-foot Class A industrial asset at 8080 N. 1400 West in Salt Lake City. Chris Gandy, Jack Safford and Todd Torok of JLL Capital Markets arranged the floating-rate, five-year loan for the borrowers through a national insurance company. Completed in 2023, Hamilton Logistics Center features cross-dock industrial space with 36-foot clear heights, 56 dock-high doors, two drive-in doors and a 2,800-square-foot move-in ready speculative office space. Situated on 33.4 acres, the site includes 244 parking stalls and 156 trailer stalls on paved, illuminated land. The asset serves logistics and distribution users with access to the Wasatch Front’s labor pool of more than 1.2 million residents.

June 12, 2026

Development Retail Utah Western

CenterCal, Perry Commercial Break Ground on Whole Foods-Anchored Retail Development Near Salt Lake City

by Amy Works May 11, 2026

LEHI, UTAH — CenterCal Properties, in partnership with Perry Commercial, has broken ground on The Collective at Morning Vista, a 134,000-square-foot retail development located in Lehi’s Silicon Slopes district, roughly 25 miles south of Salt Lake City. Whole Foods Market will anchor the property. Additional confirmed tenants include Bamboo Sushi, VIO Med Spa and Petfolk Veterinary & Urgent Care. The Collective at Morning Vista will also feature a central community park and outdoor gathering space, as well as outdoor patios and activation areas. The construction timeline was not released.

May 11, 2026

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