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2/23/23
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Frito-Lay, an American subsidiary of PepsiCo, has signed a lease for 199.7k sf of space in West Jordan, UT. Terms of the deal were not disclosed.
The space is at 6900 W 9800 S, near the Northwest Quadrant, one of the most dynamic real estate markets in the Western United States. The property sits within 0.5 miles of Mountain View Corridor and offers convenient access to West Jordan’s largest labor base, featuring strong population growth and an educated workforce.
Kyle Roberts and Ben Richardson with Newmark represented the landlord, BGJ Industrial L.C., a joint venture comprised of The Boyer Company and KC Gardner Company.
“Frito-Lay’s decision to locate operations within the project further validates the logistical and labor thesis for companies seeking to address direct-to-consumer, store replenishment and regional distribution from what has become the premier bulk distribution hub within the southwest Salt Lake Valley,” said Roberts. “West Jordan is rapidly becoming the geographic center of gravity for scale use cases such as manufacturing, distribution, e-commerce and data centers.”
According to Newmark Research, the Utah industrial market remains resilient with strong demand for industrial space as absorption continues to outpace deliveries. For the fifth consecutive quarter, national industrial absorption topped 100 msf. The persistent imbalance between demand and new deliveries has pushed vacancy down to 3.7%, likely a cyclical low.
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