Cole Corporate Income Trust Inc. has paid $12.75 million, or about $85/sf, for a 150,300-square-foot distribution facility in Salt Lake City. The newly constructed building is fully leased to FedEx Ground Package System Inc. The purchase price provides Cole Corporate ...
The real estate investment manager assumed $31.5 million of financing, which was provided by Centerline Financial. The loan has a 4.9 percent coupon and eight years remaining on its term.
Kennedy Wilson has paid $43.5 million, or $118,850/unit, for the 366-unit Sandpiper Apartments in Holladay, Utah, a suburb of Salt Lake City. The real estate investment manager assumed $31.5 million of financing, which was provided by Centerline Financial. The loan ...
KBS REIT III Inc. has agreed to pay $30.3 million, or about $153/sf, for the Gateway Tech Center, a 198,565-square-foot office building in Salt Lake City. The property at 155 North 400 West St. has been traditionally known as the ...
92 percent leased.
PCCP LLC has provided $69.2 million of financing for the Valley Fair Mall, an 877,153-square-foot shopping mall in Salt Lake City. The senior debt will be used by the mall's owner, a venture of Coventry Real Estate Advisors and Satterfield ...
Jacksonville Business Journal A 240-unit apartment project is being planned for Saratoga Springs, Utah, near Salt Lake City. Summit Contracting Group Inc. of Jacksonville, Fla., is developing the 12-builidng property that will include a clubhouse, swimming pool, theater room, carports ...
Commercial Real Estate Direct Staff Report Inland Diversified Real Estate Trust Inc. has paid $41.5 million for Draper Peaks, a 229,796-square-foot shopping center in the Salt Lake City suburb of Draper, Utah. The Oak Brook, Ill., REIT, whose shares do ...
87.5 percent leased. It said its purchase price results in a capitalization rate of 8.21 percent, based on existing net operating income. Inland has assumed a $23.9 million mortgage on the property that was provided by Transamerica Financial Life Insuranc
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