SALT LAKE CITY, UT—Newmark Grubb ACRES has completed the sale of the former Corsicana Bedding Building to Standard Industries. The 155,106 square foot office/manufacturing facility is located at 879 South 4400 West in Salt Lake.
NGA executive vice president Bryce Blanchard and Kelsie Akiyama represented the seller, BH Properties, in this transaction.
BH Properties is one of the country's premier investors in commercial real estate. BH Properties has 25 years of proven performance and over 120 assets in 17 states. Headquarters are in Los Angeles, with regional offices in Dallas, Phoenix, and Salt Lake City.
Standard Industries is a restaurant supply company in the Midwest with nine locations across Utah, Nevada, Arizona, New Mexico, Colorado and Idaho. The company provides restaurants nationwide with everything from equipment and furniture to menus and aprons. This recent acquisition will be their second distribution center in Salt Lake City.
Newmark Grubb ACRES was founded in Salt Lake City, Utah in 1998 as a full service commercial real estate brokerage. NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets.
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