The Ninigret Group L.C., a Utah limited liability company, was formed in 1993 by Randolph Abood to engage in the business of developing, managing and owning real estate. An outgrowth of the G & R Realty Company formed by Mr. Abood in the mid-1980’s, the Ninigret Group has developed and co-owned a 178-acre business park in Salt Lake City known as Ninigret Park, a 400-acre business park known as Ninigret Technology Park, a 185-acre site in Syracuse City, Utah known as Ninigret North and a 400-acre site called Ninigret Depot.
The Ninigret Group has completed over $300 million worth of real estate transactions over the last 25 years and currently owns and manages a 30-building portfolio in Utah, Florida, Arizona, Texas, Colorado, Georgia and Rhode Island. Ninigret’s investment strategy focuses on identifying attractive markets, and within these markets, higher-yielding properties that trade below replacement cost. The portfolio has encompassed primarily industrial warehouse and manufacturing, office, medical office, self-storage, stand-alone retail, and multifamily.
Ninigret projects have been featured in the Wall Street Journal, the Salt Lake Tribune and publications by NAIOP the National Real Estate Development Association. The Ninigret Group was awarded Developer of the Year in 2009 by the Utah division of NAIOP, the first year of the award.