Riverbend Management Inc. of Idaho Falls, Idaho, has begun development of a 420-acre industrial park in Salt Lake City’s Northwest Quadrant. Called Copper Crossing @ I-80, the master-planned development is located at approximately 300 South and 6400 West.
IPG Commercial Real Estate has been selected to market the new development. According to Jeremy Jensen, executive vice president at IPG Commercial, this is the only project in the Salt Lake City area offering rail-served sites with the ability to accommodate up to 1 million square feet in one building. {mprestriction ids="1,3"}
The site already includes the nearly completed $275 million UPS regional operations facility. Costco Wholesale, Sephora and Amazon have already located nearby.
Conveniently located just off of I-80, Copper Crossing is four blocks from the Union Pacific Intermodal Hub and five minutes from the Salt Lake City International Airport, the developers said. Phase 1 of the project, which includes three buildings totaling 900,000 square feet and covering 56 acres, is now under development. The first building is scheduled to be delivered in the fourth quarter of this year. When completely built out, Copper Crossing @ I-80 will boast nearly 6 million square feet of logistics, warehouse and manufacturing space, said Jensen.
“Riverbend Management and IPG Commercial are committed to working with Salt Lake City, the state of Utah and the newly formed Utah Inland Port Authority to attract top-tier industrial and manufacturing tenants to the Northwest Quadrant to ensure prospects considering locating here receive all of the resources our city and state have available,” said Jensen.
Jensen and Michael Jeppesen of IPG Commercial will oversee the listing on behalf of Riverbend Management.
Riverbend is a privately held investment company that invests in real estate, private equity, agriculture, infrastructure and capital markets. Riverbend’s real estate strategy focuses on direct and joint-venture development and value-add opportunities in select growth markets throughout the U.S., the company said.
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