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Rockefeller Group Acquires Industrial Land

SALT LAKE CITY- The New York City-based firm plans to build and lease multiple industrial buildings on the 71-acre site, for which it will seek Foreign Trade Zone designation.

By Brian K. Miller | Updated on April 22, 2008

SALT LAKE CITY-Rockefeller Group Development Corp. is acquiring 71 acres of building-ready land here for multi-building industrial complex totaling more than 1.2 million sf. The New York City-based developer says it will seek Foreign Trade Zone designation for the property.

The land is between I-80 and SR201, just west of Bangerter Highway and across the street from Union Pacific Railroad’s Salt Lake City intermodal terminal. The terminal is the first point of intersection in Union Pacific’s rail system for east bound freight from the three largest West Coast ports of LA/Long Beach, Seattle/Tacoma, and Oakland.

“There is a very real opportunity for industrial growth in Salt Lake City,” says Rockefeller Group senior development officer Tom McCormick. “Our latest research shows that there is less than five percent vacancy in the Salt Lake City industrial market and we believe this project is going to fill the needs of companies looking at the area.”

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