REBusinessOnline

Sansone Group to Develop 289,100 SF Industrial Property in West Valley City, Utah

WEST VALLEY CITY, UTAH — Sansone Group, in partnership with Invesco Real Estate, has acquired an 18.5-acre land parcel in West Valley City. The partnership plans to develop a 289,100-square-foot Class A industrial facility on the site.Rusty Bollow of Colliers will handle leasing for the development, and Sansone Group will manage the asset. The Sansone Group team involved in the development include Jeff Greenwalt, Jake Corrigan, John Brown and John

RealSource Properties Launches $390M Multifamily REIT with 10 Communities

SALT LAKE CITY — Salt Lake City-based RealSource Properties has announced the launch of its real estate investment trust (REIT) with 10 existing properties. The $390 million REIT targets multifamily properties nationwide. Assets in the REIT will be managed by the same value-add real estate strategy currently deployed at RealSource multifamily assets across the country.The 10 existing properties already owned by RealSource Properties REIT include 2,897 apartments in Ohio, Texas, North …

SLIB Brokers Sale of 82-Unit Williamsburg Seniors Housing Community in Logan, Utah

LOGAN, UTAH — Senior Living Investment Brokerage (SLIB) has negotiated the sale of Williamsburg, an 82-unit independent living and assisted living community in Logan.Located in the northern portion of Utah near the Idaho border, the facility was built in 1981 and renovated in 2015. It totals approximately 62,953 square feet and is situated on approximately 1.8 acres of land.The seller was a regional owner-operator based in Utah. The buyer is a California-based private owner looking to …

PSRS Arranges $5M Refinancing for Self-Storage Facility in Layton, Utah

LAYTON, UTAH — PSRS has secured $5 million in refinancing for a 655-unit self-storage facility in Layton. William DeFanti of PSRS arranged a nonrecourse loan with a seven-year term and 30-year amortization. The lender provided prepayment flexibility along with a 3.45 percent interest

Canterbury Partners Completes Affordable Seniors Housing Community in Ogden, Utah

OGDEN, UTAH —Canterbury Partners LLC has completed work on Senior Living on Washington, an affordable seniors housing community in Ogden, approximately 35 miles north of Salt Lake City.Partners on the project include R & O Construction, Think Architecture, The Richman Group Affordable Housing Corp., JP Morgan Chase Community Development Bank, Rocky Mountain Community Reinvestment Corp. and the Olene Walker Housing Loan Fund.Senior Living on Washington is a 100 percent affordable …

ViaWest Enters Salt Lake City Market, Plans 171,600 SF Spec Industrial Building

SALT LAKE CITY — Phoenix-based ViaWest Group has acquired an 18-acre industrial development site at 3255 W. 500 South in Salt Lake City. Terms of the transaction were not released. The site contains an existing 37,000-square-foot industrial building, which was built in 2016.Phillip Eilers of Cushman & Wakefield represented the ViaWest Group and James Merrill of cRc Nationwide represented the undisclosed seller in the deal.ViaWest plans to split the existing lot, creating a …

Livingston Street Capital Sells Two Medical Office Buildings in Idaho, Utah for $14.4M

HAYDEN, IDAHO, AND LAYTON, UTAH — An affiliate of Livingston Street Capital has completed the disposition of two medical office properties, totaling 31,500 square feet, in Idaho and Utah. AEI Net Lease Portfolio 19 DST acquired the assets for $14.4 million.The properties, which include a 15,000-square-foot building at 8300 N. Cornerstone Drive in Hayden and a 16,500-square-foot building at 781 Heritage Park Blvd. in Layton, are both fully leased to BioLife Plasma Services, which collects …

KeyBank Arranges $191M Refinancing for Five-Property Wasatch Group Multifamily Portfolio

LOGAN, UTAH — KeyBank Real Estate Capital has arranged $191 million in life company loans for the Wasatch Group, a fully integrated real estate development, construction, property management and guaranty capital company based in Logan.The loans will refinance debt on five apartment communities across the Rocky Mountains and Western United States. The portfolio comprises 1,398 units in Arizona, California, Colorado and Utah.Brian Caudel, Mike Keach, Greg Halvorson and Jack Tidrick of …

Brixton Capital Acquires 206,240 SF Dillard’s Building in Provo, Utah

PROVO, UTAH — Brixton Capital has purchased the Dillard’s building and parcel at Brixton’s Provo Towne Center in Provo for an undisclosed price. Little Rock, Ark.-based Dillard’s sold the two-story, 206,240-square-foot building, which sits on 12.5 acres. The company is relocating the department store.Brixton Capital is in advanced negotiations to re-lease most of the property to a prominent national retailer and expects the new store to open within the next two years, once …

Arden Group, Vesta Realty Partners Buy 125,000 SF Younique Headquarters in Lehi, Utah

LEHI, UTAH — Arden Group, in partnership with Vesta Realty Partners, has purchased an office building located at 3400 W. Mayflower Ave. in Lehi. Terms of the transaction were not released.Younique, a health and wellness direct sales firm, fully occupies the 125,000-square-foot property on a lease basis through 2026. Situated on 7.1 acres, Stack Real Estate developed the asset in 2016 as a fully amenitized corporate campus and showcase property for Younique. The property features …




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