VanTrust Real Estate Breakthrough in Industrial Development
VanTrust Real Estate Expands Presence with New Industrial Development
325,000 SF of Class A Warehouse Space Coming To One of America's Fastest-Growing Markets
In a significant move towards bolstering the industrial landscape, VanTrust Real Estate has officially broken ground on a new project in one of the most promising regions of the country. This development represents an investment in the future, particularly in a market known for its rapid growth and economic vitality. The first phase will introduce two state-of-the-art Class A industrial shallow-bay warehouse buildings, totaling an impressive 325,000 square feet. Anticipated for completion in the fall of 2026, this project aims to elevate the standards of industrial space available in the area.
Strategic Location and Market Demand
The construction site, spanning 32 acres, is perfectly situated to leverage its proximity to major transportation hubs, including the Salt Lake City International Airport and key interstates. VanTrust's decision to develop this location stems from a recognition of the strong demand for shallow-bay warehouse space — an essential asset for both local and regional businesses. This facility aims to serve tenants seeking versatile lease options that range from 10,000 to 30,000 square feet, addressing a critical need in the logistics sector.
Leadership Highlights Commitment to Development
Chris McCluskey, Executive Vice President of Development at VanTrust, emphasized the importance of this groundbreaking event. "This groundbreaking is not just about moving dirt; it's about building opportunity," he stated. His commitment, along with the collective vision of the VanTrust team, is to enhance the economic landscape by introducing high-quality, modern industrial spaces to West Valley City.
Economic Impact of the Development
This development is projected to bring substantial economic benefits to the region. It will stimulate job creation, enhance tax revenues, and invigorate business activities within the vicinity. Additionally, it reinforces West Valley City's position as a crucial logistics hub in the western United States. The project will be represented by an experienced team from Colliers, including Tom Freeman, Travis Healey, and Jeremy Jensen, who will guide the development and its strategic marketing.
Colliers' Perspective on Regional Growth
Tom Freeman, Vice Chair at Colliers, remarked on the ongoing growth in Salt Lake County. He highlighted that with this growth comes the need for thoughtful and strategic development initiatives. VanTrust's project aligns with a long-term vision for economic vitality and improved connectivity within the region. This project represents a proactive response to the area’s evolving needs.
VanTrust Real Estate’s Extensive Portfolio
VanTrust has established itself as a leader in the real estate development sector, having developed over 73 million square feet of space nationwide. The company’s portfolio encompasses various projects totaling approximately $8 billion, involving office, industrial, and mixed-use developments. This current investment reaffirms VanTrust's commitment to enhancing its footprint in the Salt Lake market and meeting the growing demand for industrial facilities.
About VanTrust Real Estate
VanTrust Real Estate, LLC operates as a full-service real estate development company, focusing on acquiring and developing properties for the Van Tuyl family portfolio. Their service offerings include acquisition, disposition, development, and asset enhancement. With a diverse portfolio extending to office, industrial, multifamily, mixed-use, and science + technology spaces, VanTrust maintains a broader reach across the nation, with offices in Columbus, Dallas, Phoenix, Jacksonville, and Salt Lake City, along with headquarters in Kansas City.
Frequently Asked Questions
What is the size of the new industrial development by VanTrust?
The new industrial development will feature 325,000 square feet of Class A warehouse space.
When is the expected completion date for the first phase?
The first phase is anticipated to be completed in the fall of 2026.
Where is the development located?
The development is situated on a 32-acre site at 6095 West Beagley Road, designed to optimize access to transportation hubs.
Who will benefit from the new warehouse space?
The project targets local and regional tenants requiring shallow-bay warehouse space ranging from 10,000 to 30,000 square feet.
What economic benefits are expected from the development?
The development is projected to create jobs, increase tax revenues, and enhance business activity in the region, contributing to the area's economic growth.
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