Blog


Thoughts on industrial real estate, bbq recipes and other meaningful things. 

IPG HELPS OTTOBOCK RELOCATE AND EXPAND

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Ottobock Healthcare is an IPG Commercial client that radically helps people be more mobile and self-sufficient. Salt Lake City has been home to their US prosthetics manufacturing business for several years.  Now, with IPG’s help Ottobock is relocating additional manufacturing and warehousing functions to Utah from locations primarily in Minnesota.  In record time we located a high quality facility and negotiated a lease transaction that will allow Ottobock to nearly double its Utah footprint.  It has been our great pleasure to work with the Ottobock team on a project that will make incredible differences in so many people’s lives.  If an industrial real estate need is in your future in Utah or anywhere else in the world, drop us a line we’ll get right to work for you!  

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2014 COMMERCIAL REAL ESTATE SYMPOSIUM

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Yesterday was the 20th Annual Utah Commercial Real Estate Symposium. It was fantastic! Our own Michael Jeppesen was the Master of Ceremonies and Jeremy Jensen organized the panel of local market presenters. 

 

Over 400 people registered for the event and this year the event included live interactive audience polling and a lots and lots of multi-media and video content. It was awesome!

 

The overall reviews from the event attendees was that the event was the very best yet. 

 

If you missed the event shoot us an email or give us a call and we'd be happy to direct you to a copy of the presentation slides, digital magazine, or links to some of the great video content.

SUGAR HOUSE: A MILLENNIAL’S DREAM IN 2014

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Our office is nestled in the heart of Sugar House. We have had some sunny and warm, full-moon-high-in-the-sky January days that have almost felt like the beginning of spring. But as you can see from how packed the Gold’s Gym parking lot is, New Year’s Resolution season is still going strong.

 There is a lot going on in our neighborhood that is scheduled to be completed in 2014. The mixed-use Sugar House Crossing development is nearing completion which has brought us some pretty tasty restaurants and is soon to bring us 210 new neighbors. Right next to it is the Liberty Village complex which will have 136 units—and those are just the closest and largest developments.

The Sugar House Streetcar opened in early December and it connects our little “Downtown Sugar House” to Trax and the rest of the valley. The area is becoming a millennial’s dream—a walkable, bikeable, transit-connected mixed-use urban neighborhood close to work, school, and nightlife.

Yesterday afternoon I dropped my car off for service and rode the Streetcar, also called the S-line, back to work. I saw the former Zellerbach building from the window and began to daydream about what it might be next. Just west of Sugar House’s center, there is over 100,000 SF of space waiting to be redeveloped.  I imagine a vibrant apartment community of young urbanites using the S-line and Trax to commute to work, Westminster College, and the University of Utah.  Tenants could even walk to Salt Lake Community College South City Campus—it’s just a mile away through tree-lined streets.

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The development could have a party room, a pool, a “backyard”, a fitness center or any number of other common spaces so that tenants get to know each other and the building becomes a friendly community.

Directly north of the building is the Salt Lake Culinary Center, where tenants could take cooking classes or attend one of the many events hosted there. One block to the west, on 200 East, is Skinworks—an esthetics school with spa services at student-friendly prices, and AMF Ritz Classic Lanes, a large bowling alley which features a sports bar, billiards, and College Night on Tuesdays.

After couple minutes on the Streetcar, tenants could get off at the 700 East stop to hang out at Café Solstice and do some Zumba at Fitness on 7th. At the next stop, 900 East – Fairmont, tenants can grow food at Sugar House Community Gardens, buy food at Smith’s, get beautiful at Got Beauty, or swim at Fairmont Aquatic Center. One more stop, 1040 East – Sugarmont, and they’re in the center of it all.

I hope someone shares my vision and has the skills required to make the transformation. I know that this would be a great place to live, connected to everything. Please see our Zellerbach brochure or video for more information. Let us know if you’d like to walk through!

HAPPY NEW YEAR!

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2013 came to a close along with our last few commercial real estate deals of the calendar year. I love this time of year. I enjoy the evaluation of the past and goal setting for the future. And, as I look to the coming year I am reminded of the one big goal we have year in and year out at IPG and that is to make your commercial real estate goals our top priority. We look forward to hearing about your real estate goals and aspirations for 2014 and commit to you that we will do everything in our power to help you achieve them. We are honored to be your real estate advisors and are grateful for the friendship we have with you. Here’s to a happy and prosperous new year!

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CLIENT HIGHLIGHT - XPEDX

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We finally got Paul Dickamore to sit behind the camera for a few minutes to share the story of the Xpedx consolidation we helped with some time ago.  I can’t say it enough, “Persistent endurance attains all things”.  Thanks Paul and International Paper for a great working relationship!