Newmark Mountain West Facilitates Sale of 213K SF 151 Net Leased Industrial Investment
Salt Lake City, UT – Newmark Mountain West, a leading full-service commercial real estate brokerage, is pleased to announce the successful sale of The Boyer Company’s 151 Net Leased Industrial Investment in Spanish Fork, Utah. The 212,685-square-foot, Class A warehouse and manufacturing property was acquired by Cowley Companies, Inc., a diversified Arizona-based family office. This transaction marks Cowley Companies’ first strategic investment in the Utah market.
Positioned just off Interstate 15 in one of Utah’s most dynamic industrial corridors, the modern facility offers unmatched regional connectivity and sits within Utah County, the state’s fastest-growing market. Future infrastructure improvements, including a planned I-15 interchange at 2700 North, are expected to further enhance accessibility and long-term growth potential.
“This transaction highlights the continued interest level of nationwide capital looking to invest in Utah’s thriving industrial market,” said Bryce Blanchard, Vice Chairman of Capital Markets at Newmark Mountain West. “The combination of a premier tenant, long-term lease, and the powerful economic tailwinds driving Utah County made this a highly compelling acquisition for Cowley Companies’ entrance into this market.”
About Newmark Mountain West
Newmark Mountain West, an independently owned and operated member of the Newmark Licensee Group, delivers a comprehensive suite of commercial real estate services across Utah, Idaho, Nevada, Wyoming and Montana. With nearly 200 professionals, the firm leverages Newmark’s (Nasdaq: NMRK) global platform to power every stage of the property life cycle for occupiers, investors, and developers.
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