The sale involves an industrial portfolio consisting of two properties located at 6075 West Sr 201 North Frontage Road and 2234 5900 West in West Valley City, UT. The transaction was executed for a total sale price of $48,200,000, equating to approximately $73 per square foot for a combined square footage of 663,416. This sizeable industrial asset caters to the market demands in the Denver and Salt Lake City metropolitan areas.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $48,200,000
• Sale Date: 09/25/2025
• Buyer: Westcore Properties
• Seller: Hyde Development & Mortenson Properties
• Square Footage: 663,416
• Price Per Square Foot: $73

The transaction represents a partnership between Hyde Development and Mortenson Properties, acquiring the properties from Westcore Properties. The collaboration reflects strategic movements within the industrial real estate sector as both buyer and seller engage in significant market activity.