X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SALT LAKE CITY-With a 3.5-million-sf business park under development here, LNR Property Corp.’s commercial property group has hired the former economic development manager of Draper City to oversee the project. Working out of LNR’s new Salt Lake City office in Cotonwood Corporate Center, David Baird will oversee the build-out of the 161-acre Bangerter Crossing Business Park and help expand the company’s activities in the market.

The first two structures at the park, a pair of distribution buildings totaling 400,000 sf, are under construction and several tenant lease proposals are in negotiation, according to LNR. Later this year, Baird will oversee the construction of a third building totaling 325,000 sf and also will begin planning the next three phases of the project. Overall completion is slated for 2013.

With Draper City, Baird was responsible for the recruitment of the state’s only IKEA store. He also was one of the founding partners of the Draper Community Development Corporation, a private non-profit aimed at creating business and development vitality in the city.

Baird tells GlobeSt.com he was a commercial developer before going to Draper City. “I felt it was a better strategic move for my career to work with LNR,” he says.

LNR Commercial property Group, based in Newport Beach, CA, is the real estate investment and development division of Miami-based LNR Property Corp. LNR Property Corp. regional president Ric Kern says he expects Baird to use his decade of experience in the local market to increase the company’s presence in the in the Intermountain West.

“We intend to enter the market with other large scale commercial projects,” Baird says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.