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SALT LAKE CITY — Industrial Income Trust (IIT) has acquired Westport Distribution III, a 415,000-square-foot industrial bulk distribution facility in Salt Lake City, for an undisclosed sum. The facility will be located at 6050 West 700 South.
IIT acquired Westport Distribution I & II in February 2013 for $47.5 million. The buildings total more than 750,000 square feet.
The trust was represented by Zach Anderson and Bryce Blanchard of Newmark Grubb ACRES in this latest transaction. Mike Falk and Steve Condie of the same firm represented the seller, Buzz Oates Real Estate.