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Hines Acquires 49 Acres Outside of Salt Lake City for Development

3/07/19

Hines has acquired a 49.5-acre acre property in West Valley City, UT, just outside of Salt Lake City. The firm plans to develop 201 Mountain View Park (201 MVP), a single-phased Class A industrial/logistics park, on the site.

201 MVP will consist of state-of-the-art Class A distribution warehouses capable of meeting the needs of modern logistics service providers. The proposed 727k sf industrial/logistics park will consist of four buildings three rear-load medium distribution buildings and a bulk distribution cross-dock.

The site is located conveniently just five miles west of I-15 and is adjacent to the premier California Avenue submarket. It is less than a 12-hour drive from Los Angeles, Denver, Reno, Las Vegas and San Francisco, making it a highly desirable location for a distribution center.

Kyle Roberts with Newmark Grubb Acres will handle the leasing for the new project.





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