UT: Silicon Slopes Tech Corridor Welcomes New Class A Warehouses
23 Sep, 2021
Responding to mounting demand for warehouse and light manufacturing space, real estate development, and investment firms, Dakota Pacific Real Estate, in partnership with Los Angeles-based Brasa Capital Management, has started construction on East 15 Commerce Park, a Class A, 500,000-square-foot light-industrial park located near 1000 W. 700 South in Pleasant Grove, Utah.
The project includes three buildings in a campus-style environment, easy access to Interstate 15, a soon-to-be-added stop for Utah County’s new bus rapid transit system, and over 30 restaurants and 85 retailers within walking distance.
“Major companies like Amazon, Microsoft, and eBay are clustered in this area for a reason and we’re excited to offer technology, manufacturing, and other businesses with top-notch warehousing options,” Managing Director for Dakota Pacific Real Estate, Brian Dilley says. “The project name, East 15 Commerce Park, highlights its prime location just east of Interstate 15, which provides great freeway access that will get even better when a new interchange is built nearby.”
The project is in the center of Utah County’s technology corridor, nicknamed Silicon Slopes, which attracts some of the region’s top technology, life science, education, research and development, high-tech manufacturing, distribution, and e-commerce firms. More than 50 top-tier companies contribute to the area’s dynamic economy, capitalizing on the business-friendly environment and robust workforce of young, highly skilled employees, including 70,000 college students from nearby Utah Valley University in Orem and Brigham Young University in Provo.
Zions Bank is providing financing for the project. Salt Lake City-based Big-D Construction is the general contractor. Leasing is managed by Lucas Burbank and Ben Richardson with Newmark.
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