Hamilton Partners Inc., an Illinois-based commercial real estate and development company, has broken ground on a 474,600-square-foot industrial facility in Utah’s Inland Port. Called Inland Logistics, the facility is located at 8080 W. 1400 N. and is a last-mile e-commerce warehouse and distribution center.
Hamilton Partners is headquartered in Itasca, Illinois, and has a regional office in Salt Lake City. It specializes in commercial office, industrial and retail projects and owns and operates over 18 million square feet of industrial space.{mprestriction ids="1,3"}
Inland Logistics is being built by Mortenson Construction, a top-20 U.S. builder and the project is backed by Denver-based Bow River Capital.
“Inland Logistics’ entry into this market is one more sign of the advanced growth happening in the northwest quadrant of the Utah Inland Port Authority,” said Jill Flygare, chief operating officer of the port. “We look forward to extending our partnership with Hamilton Partners and Mortenson Construction in the Inland Logistics project as we see a bright future in freight and cargo movement and expanding rail into this region.”
The project, which is slated for completion in early 2023, is expected to bring numerous jobs to the region and will prompt additional job creation throughout the development cycle, Flygare said.
“Hamilton and Mortenson Construction were brought together through a meeting at a NAIOP Utah industry event (NAIOPOLY) wherein the opportunity was introduced,” said George Arnold, partner with Hamilton Partners. “Hamilton was able to pull a team together including design, construction and equity. Two weeks later Bow River Capital, Mortenson Construction and Hamilton Partners collaborated on the purchase of the site.”
Irvine, California-based architectural firm Ware Malcomb is the design partner for the project.
“This project is a great example of Mortenson Construction’s design-build capabilities in the Utah market,” said Josh Caldwell, business development executive at Mortenson Salt Lake City. “We’ve been steadily increasing our presence in Salt Lake City over the last few years and look forward to bringing our experience and full resources to bear for Inland Logistics.”
“EDCUtah loves to see a project like this break ground because it means that we are able to respond to prospective clients who have interest in Utah that we have immediate solutions to satisfy their real estate needs,” said Colby Cooley, vice president of business development at the Economic Development Corporation of Utah.{/mprestriction}
