Construction is set to begin in 2025. Credit: VanTrust Real Estate/PR Newswire.

VanTrust Real Estate, a full-service development company, has acquired 32 acres in West Valley City, Utah, US, for the construction of four industrial warehouse buildings.

The site at 5998 West Parkway Boulevard is strategically positioned near key transport links, including Salt Lake City International Airport and major interstates, enhancing its appeal for logistics operations.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The acquired land will host 600,000ft² of Class A industrial space, responding to the high demand in Salt Lake Valley.

Tom Freeman and Travis Healy of Colliers, the leasing team appointed by VanTrust to market the buildings, note that this demand is due to the location’s proximity to key services.

Additionally, the area is one of the fastest-growing and has one of the strongest economies in the country, they added.

Construction is set to commence in early 2025, with the first two buildings expected to be completed by early 2026.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The schedule for the remaining two buildings is yet to be finalised, as potential tenants are still being identified.

Since its establishment in 2010, VanTrust has made a significant mark on the real estate sector, with a portfolio that includes more than 68 million square feet of diverse developments and a valuation exceeding $7bn.

This latest acquisition for VanTrust, which operates out of Kansas City, reinforces its commitment to expanding its industrial footprint across the US.

VanTrust Salt Lake City Development executive vice-president Chris McCluskey said: “We are thrilled to have acquired this advantageously located site on which to build new industrial warehouses.

“One of our specialities at VanTrust is industrial properties, and we are excited to add this tremendous location to our portfolio.”