Northmarq’s Salt Lake City office completes $5,270,892 construction financing of WX Industrial Complex in Woods Cross, Utah
WX Industrial Complex
SALT LAKE CITY, UTAH (January 11, 2021) – Larry Pinnock, senior vice president/senior director of Northmarq’s Salt Lake City debt/equity office, arranged the $5,270,892 construction loan for WX Industrial Complex. The 53,750 sq. ft. flex building will be located at 2000 South 1100 West in Woods Cross, Utah. The variable-rate loan was structured on a 1-year interest only term.
The transaction comprises the development for three of six class A industrial buildings part of the WX Industrial Park. Situated in a prime location, the land development grants easy access to I-15 and Redwood Road. The Salt Lake City International Airport is just 11.4 miles (21-minute drive) from the development.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
