SALT LAKE CITY-Portland- headquartered Harsch Investment Properties, a privately-held real estate investment, development and management company, has entered into the state of Utah with the acquisition of Centennial Plaza, a 243,669-square-foot, three-building industrial campus, in Salt Lake City. Since Utah is a non-disclosure state, the firm tells GlobeSt.com that is cannot disclose the purchase price at this time.
Sold by A & B Properties Inc., Centennial Plaza is 100% occupied, featuring companies like JMH International Inc., Sulzer Pumps, Coherex Medical Inc., Control 4 Corp., Town and Country Flooring and Redi Carpets.
“In the 62 years since our company was founded, we have steadily increased our geographic presence,” says Jordan Schnitzer, president of Harsch Investment Properties. “We have watched Salt Lake for a number of years and are pleased to have made our first acquisition in the wonderful state of Utah.”
Centennial Plaza offers a premier location at 3584-3628 W. 1820 S., with industrial units ranging from 7,500 to 80,000 square feet, and is situated on 14.63 acres, providing maximum leasing flexibility. It is part of Salt Lake City's most prominent and long-established business campus, Centennial Industrial Park.
The property is situated off Highway 201, and is only one-half mile from Interstate 215. It is just south of the Salt Lake City International Airport and is adjacent to various retail amenities, such as banks and restaurants. Centennial Plaza features ample parking and truck storage, dock and ground-level loading, rail service, and new roofs and parking lots.
“After careful review of several new markets for future growth, we selected Salt Lake City because of the great demographics and the friendly business environment,” says Bill Rodewald, senior vice president and regional manager for Harsch Investment Properties. “We look forward to becoming active members of the community and to expanding our portfolio through future acquisitions.”
Jeff Richards, Rad Dye and Barbara Emmons of CBRE Inc. served as the listing agents for Centennial Plaza.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
