SALT LAKE CITY, UT—CBRE says construction has begun on Building 1 at Meridian Commerce Center, here. The new industrial listing is being overseen by Rad Dye, Tom Dischmann and Jeff Richards of CBRE, Salt Lake.
Building 1 is a 231,770-square-foot, class-A industrial building being developed by IDI Gazeley, a prominent industrial developer. It is a speculative project designed as big-box space with 32-foot ceiling heights, located just off of Bangerter Highway and California Avenue.
“There is great demand for high-quality industrial space in Salt Lake right now, and Meridian Commerce Center is located in an area that is experiencing some of the highest levels of activity within Utah's industrial market,” said Dye. “Because of its proximity to major distribution outlets, the majority of new industrial space along California Avenue is being leased before construction of the buildings has even finished.”
Construction of Building 1 is expected to be completed before the end of the year.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
