Alpine Creek Investors LLC of San Diego has purchased the nine-building Metro Business Park in Salt Lake City. The seller was First Industrial Realty of Chicago. Terms were not disclosed.
The property, located just off SR201 at 1300 West, contains nine buildings totaling 184,000 square feet. The property sits on 19.32 acres. The sale closed on March 16.
At the time of the sale, the buildings were more than 75 percent occupied, with tenants including ADT Security Services Inc., Six Continents Hotels Inc., Select Comfort Systems, Integrated Medical Systems Inc. and Steed Construction Inc.
Newmark Grubb ACRES executive vice president of investment sales Bryce Blanchard and senior vice president Lucas Burbank represented both the buyer and the seller in this transaction.