CCIM Excellence Awards

Michael and I were very honored to share the award for the Largest Industrial Lease transaction in Utah last year. The CCIM Utah Chapter hosted another great event at the Grand America Ballroom at the annual Excellence Awards. We've been very fortunate to have incredible clients, an amazing team at IPG and feel lucky to live in the State of Utah where support from the the Governor's Office of Economic Development and EDCUtah can't be beat. Team Utah always rolls up their sleeves to create an environment for businesses to flourish and grow. Special thanks the Herriman City, Kennecott/Rio Tinto, Riverbend Management, and of course, Bullfrog International for giving us the chance to participate in the new building of the new corporate headquarters and manufacturing facility for Bullfrog Spas.

HemaSource to Move CORPORATE Headquarters and add Additional Warehouse Space

IPG Commercial & Newmark, Grubb, Acres announces that HemaSource has Leased 99,831 square feet of space in the Price 5600 West Building located in Salt Lake City at 485 South 5700 West.  HemaSource will be expanding with a move of their corporate headquarters and acquiring additional distribution space. Jeremy Jensen, and Michael Jeppesen, of IPG Commercial, represented the lessee, HemaSource and Kyle Roberts of Newmark, Grubb, Acres represented the lessor, Price 5600 West.

HemaSource is an innovative logistics solution partner that combines best-in-class data analytics and high-quality medical product supply to specialty ambulatory clinics. Their mission is to drive customer operational efficiencies and related cost savings in high volume ambulatory care clinics. HemaSource’s patented data analytics software tool and superior customer service have enabled them to become the preferred disposables provider to the plasma collection market.

The busiest start ever!

The busiest start EVER!

If your company is like several of our clients, then you are busier than ever!  Typically in commercial real estate things tend to slow down in January and February and start to pick back up in March and April.  Not this year!  We have seen the strongest start to a new year ever in our three decade careers.  It seems unintuitive, but perhaps economist Mark Dotzour was right a couple of years ago when he pronounced that our economy might just skip over the economic recession just like a fast driving car on a pothole filled dirt road.  (Link to Mark Dotzour presentation here: http://markdotzour.com/examples-of-my-work/videos/ )

 It truly has been a fast and furious ride and one that we are grateful to experience with all of you, our friends, families and clients alike.

 Hope you have a great rest of winter and looking forward to watching the flowers start to come up in the next 30 days or so!

Utah: A Millennial Mecca

Utah has the third highest number of millennial’s in the country with 23.6 percent of the state's population between the ages of 20 and 34. The national average is 20.6 percent.

Utah's youthful population will continue for years to come, as 30.5 percent of the state's population is under the age of 18 while the national average is 22.9 percent. Utah also has the highest percentage of school-age children and children under 5 in the nation. By 2065, the number of Utahns is expected to grow from its current size of 3 million to 5.5 million.

Source: Business in Utah – Business Elevated Guide

Copper Crossing @I-80 Welcomes Olive and Cocoa!

IPG Commercial is pleased to announce that Olive & Cocoa, LLC has Leased 157,148 square feet of space in the new Copper Crossing @I-80, building 1 located in Salt Lake City at 6345 West 300 South.  Olive & Cocoa, LLC will be expanding with a move of their corporate headquarters and additional distribution space. Michael Jeppesen, and Jeremy Jensen, of IPG Commercial, represented the lessor, Riverbend Holdings Utah and Luke Burbank and Kelsie Akiyama of Newmark, Grubb, Acres represented the lessee.

Olive & Cocoa, LLC is a catalog and web-based direct marketing company located in Salt Lake City, Utah. Founded and owned by husband and wife direct marketing professionals Greg Berglund and Lisa Berglund, Olive & Cocoa was created in 2009 to bring unique and elegant gifting with a very personal touch to catalog and online shoppers.

Olive & Cocoa specializes in unique, design driven gift crates and floral arrangements. From gourmet food crates, to timeless executive gifts, inspired décor, whimsical fashion accessories, and luxurious spa items, their gifts selections have been carefully selected to offer a refreshingly modern approach to traditional gift giving.

Riverbend Management Inc. is a management company and family office based in Idaho Falls, Idaho. They manage several operating companies and specialize in real estate development with retail, multi-family, office and industrial projects in the intermountain region.  Riverbend Management is also the developer of Herriman Innovation District, located at 7017 W 11800 S in Herriman Utah.