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