ViaWest Group & Gem Realty Capital Secures $43.3 Million Construction Loan For Development Site In West Valley City

The asset involved in this transaction is a development site located at 7301 5400 South, West Valley City, UT, covering an area of 28.7 acres. The loan amount secured for this property is $43,300,000, classified as a construction loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $43,300,000
• Loan Type: Construction
• Landlord: ViaWest Group & Gem Realty Capital
• Brokers: Kevin MacKenzie, Jason Carlos, Lilley Kroll & Jeff Pew - JLL

Key individuals involved in this transaction include the landlords, ViaWest Group and Gem Realty Capital, as well as the brokerage team from JLL, which consists of Kevin MacKenzie, Jason Carlos, Lilley Kroll, and Jeff Pew. Additionally, Remedy Medical Properties and Kayne Anderson Real Estate are noted for acquiring a medical office building as part of a separate portfolio acquisition from Welltower, valued at $10.95 million.