X Development & Midloch Investment Partners Acquire Highbury At Lake Park Retail Center In West Valley City For $30M

Highbury at Lake Park, a Class-A shopping center in Salt Lake City's West Valley City submarket, has been acquired by X Development and Midloch Investment Partners for $30 million. The property is located at 2700 South 5600 West and spans a total of 119,366 square feet. With a price per square foot of $251, this retail asset offers an attractive investment opportunity in the West Valley City, UT market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $30,000,000
• Address: 2700 South 5600 West, West Valley City, UT
• Market: West Valley City, UT
• Buyer: X Development & Andrew Sinclair - Midloch Investment Partners
• Seller: Not mentioned in the CONTEXT
• Broker: Kip Paul - Cushman & Wakefield
• Image: Andrew Sinclair & Kip Paul
• Date: 11/06/2023

X Development and Midloch Investment Partners joined forces to complete the acquisition of Highbury at Lake Park. The deal was facilitated by broker Kip Paul from Cushman & Wakefield. This transaction represents a significant investment opportunity in the retail sector of the West Valley City market.