Corliss Management Group (CMG), a fifth-generation, family-owned real estate investment and development firm, has officially entered the Utah market with the acquisition of a single-tenant net lease industrial asset at 3685 S. 500 W. in South Salt Lake.
The acquisition includes a 31,716-square-foot warehouse situated on 1.97 acres, currently leased to MasTec, a publicly traded infrastructure construction company with a market cap over $10 billion. The property features upgraded infrastructure, including new HVAC systems, a new roof, and expansive outdoor storage space, plus 33,000 square feet of excess land for future use.
“This is more than just a new acquisition; it’s a strategic foothold in a market we deeply believe in,” said Eric Corliss, managing partner at Corliss Management Group. “As someone who has watched the Salt Lake Valley grow and evolve firsthand, I see the incredible momentum of this state and the opportunities unfolding throughout the region. We’re thrilled to bring our family’s expertise, passion and heart to Utah, and look forward to expanding our family business legacy beyond Washington to the beautiful Beehive State.”
Corliss Management Group plans to invest $25 million to $75 million in the Greater Salt Lake City area over the coming years. With a focus on stabilized, income-producing assets, their acquisition targets include industrial, self-storage and retail properties ranging from $5 million to $15 million. As an all-cash buyer with no financing contingencies, CMG is particularly drawn to off-market and distressed asset opportunities and is actively building relationships with local brokers and advisors.
For inquiries or to present opportunities in the Utah market, please contact: acquisitions@corlissco.com.