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Highbury Center

Salt Lake City, UT

5-property neighborhood retail portfolio with value-add upside located in Salt Lake City, UT.

Year Built

2014-2018

Number of Buildings

5

Property Size

119,366 SF

Investment Highlights

2700 SOUTH 5600 WEST

SALT LAKE CITY, UT 84120

Highbury Center is a 5-building 119,366 square foot neighborhood retail center located in Salt Lake City, UT.

The buildings were constructed between 2014-2018 and are home to a variety of shopping, restaurant, and service-oriented tenants. The portfolio’s occupancy at acquisition was ±100%.

The property is located in a growth corridor between Salt Lake City and West Valley, attracting upwards of $300 million in investment annually. Midloch projects a mark-to-market opportunity at lease expiration based on current and future projected demand in the region.

The property features an additional pad building site not assigned a value in the underwriting process. The team projects to either sell or ground lease this site to a retail user.

CONTACT

Tim Donovan

414.795.5849
tim@midloch.com

CONTACT

Gabriella Garcia

312.625.7162
gabriella@midloch.com

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