ViaWest Group, a commercial real estate investment and operating company based in Phoenix, in partnership with Chicago investment firm GEM Realty Capital, has broken ground on 5400 Commerce Center, a major industrial development located at 7301 W. 5400 S. in West Valley City.
The project will feature three state-of-the-art industrial buildings totaling 470,334 square feet.
Salt Lake City-based CBRE Commercial Real Estate will handle leasing efforts for the development.
The three-building development includes structures of 97,249 square feet, 154,586 square feet and 218,499 square feet. Each building will be LEED-certified and will feature early suppression; fast-response sprinkler systems; 32-foot to 36-foot clear-height ceilings; and 3,000 amp to 4,000 amp, 480 volt/277 volt power.
“This development, 5400 Commerce Center, reflects ViaWest’s commitment to developing best-in-class industrial projects that anticipate the needs of both tenants and the broader community,” said Tom Glissmeyer, market leader of Mountain West for ViaWest Group. “The Salt Lake Valley continues to experience tremendous growth, and this location is positioned to serve that expansion for years to come.”
“GEM is pleased to achieve this important milestone alongside our partner ViaWest,” said Emily Dominski, managing director at GEM Realty Capital. “This project reflects GEM’s strategic focus on high-growth industrial markets like Salt Lake City, where strong fundamentals, infrastructure connectivity and access to a skilled workforce align with broader trends in regional expansion and industrial activity across the United States.”
“We are thrilled to officially break ground on 5400 Commerce Center and bring this vision to life,” said Matt McAfee, executive vice president at CBRE. “This project represents a rare opportunity for users to locate in a high-growth area that offers immediate access to key transportation routes and a talented workforce.”