Lincoln Property Co. buys second Utah asset

Via RED News Service

By Real Estate Daily News

SALT LAKE CITY, Utah, – Just one week after entering the Utah industrial market, the Desert West Region of Lincoln Property Company (LPC) has added a second asset to its Salt Lake City portfolio with the purchase of Pacific Landing, a two-building, Class A multi-tenant industrial property in the city’s rapidly developing northwest submarket.

The purchase is part of a bullish regional expansion by the Desert West region that began in April with the company’s entrance into the Nevada industrial market, and continues today in Utah.

“Pacific Landing has an exceptional location, minutes from two major interstates, an international airport and the planned Utah Inland Port – a massive undertaking that has the potential to change the face of Utah’s industrial market,” said LPC Desert West Executive Vice President David Krumwiede. “That combination will drive the future of this asset, helping it to capitalize on not only an industrial boom but also the evolution of Salt Lake City’s northwest quadrant.”

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