VanTrust Real Estate Expands Footprint with New Warehouses in Utah

VanTrust Real Estate Expands Footprint in West Valley City

VanTrust Real Estate has made a significant move by acquiring 32 acres of strategically located land at 5998 West Parkway Blvd, in West Valley City, Utah. This prime location positions them to construct four new industrial warehouse buildings, adding to their expanding portfolio.

The site is situated in an area that is not only one of the fastest growing in the nation but also benefits from a robust economy. With its proximity to major transport links, it offers unparalleled access to the 'Crossroads of America'—a thoroughfare of interstates, highways, and rail lines culminating in the Salt Lake City region. Located just south of State Route 201 and west of Mountain View Corridor, this site is also conveniently near the Salt Lake City International Airport, as well as Interstate 80, Interstate 15, and the Union Pacific Railroad intermodal hub.

The new industrial space will cater to the growing demand for logistics in the region, offering up to 600,000 square feet of Class A industrial area. According to Tom Freeman and Travis Healy from Colliers, the leasing team appointed by VanTrust, the market in this region is thriving due to its strategic advantages and the increasing demand for space.

Chris McCluskey, VanTrust's Executive Vice President of Development for Salt Lake City, expressed enthusiasm about this acquisition: "We are thrilled to have acquired this advantageously located site on which to build new industrial warehouses. One of our specialties at VanTrust is industrial properties, and we are excited to add this tremendous location to our portfolio."

Construction for the initial two buildings is projected to commence in late spring 2025, with completion anticipated by late spring 2026. The timelines for the next phase of construction remain undetermined, and tenant arrangements are yet to be finalized. Since its establishment in 2010, VanTrust has witnessed rapid growth, driven by its focus on various types of real estate development, including office, industrial, multifamily, science and technology, and mixed-use properties. With a national presence and over $7 billion in developed product, they have amassed a reputable footprint in the real estate sector, headquartered in Kansas City and with operations in multiple other cities including Columbus, Dallas, Phoenix, and Jacksonville.

This acquisition marks another step in VanTrust Real Estate's strategic expansion into lucrative markets that promise significant growth and development opportunities. As they aim to meet the increasing logistics demands of the area, many in the industry will be watching to see how this project unfolds in the coming years.