Opus West Lands Big O Tires for Salt Lake City Building

SALT LAKE CITY-A year after shell completion, Opus West has landed the first tenant for its first industrial building at Sorenson Technology Park, which is located within the “California Avenue” industrial submarket near Salt lake City International Airport.

The Big O Tires subsidiary of Memphis-based TBC Corp. inked a 10-year lease for 107,640 sf of the 275,000-sf warehouse. The building is the inaugural project on the land Opus owns in the park. Big O is expected to take occupancy by mid-May.

Local brokers familiar with the lease deal tell GlobeSt.com it has a triple-net value of about $3.8 million. Randy Atkin, the CB Richard Ellis broker who represented Opus in the transaction, would not confirm the estimated deal value but did say Opus has about 18 acres in the technology park still available for build-to-suit development.