The Ninigret Group has completed the acquisition of the Shops at Lakeside Village, a 16,750 square-foot retail center located in Pooler, GA. Pooler has been one of the Savannah MSA’s most active markets for new development and retail leasing as the port city has undergone robust economic growth. The submarket commands a higher price point […]
Ninigret Group Enters Austin, TX
The Ninigret Group recently closed on the sale-leaseback of a flex-industrial portfolio at 9417 Circle Drive in Austin, Texas. The property features 27,900 square feet of rentable area between 3 newly constructed buildings and will be leased back for an initial term of 5 years.
Ninigret Group Acquires Fort Myers Tesla Dealership
The Ninigret Group has completed its acquisition of 8900 Colonial Center Drive in Fort Myers, Florida. The single-tenant property was leased to Tesla in February 2021. The 4.5-acre parcel purchased by the Utah firm contains a 13,985 square foot building with a parking lot area providing 280 spaces for customer and inventory parking. The building […]
The Ninigret Group Buys Milliken Property in 1031 Exchange
The Ninigret Group has acquired Ranger Energy Services’ mission-critical building in Milliken, Colorado, in a sale-leaseback that will keep the well service rigs provider in the property long term. The Utah firm paid $13 million, or about $99 per square foot, to acquire the property at 3333 E. Center Drive in a 1031 Exchange, or […]
Stan Johnson Company Brokers Back-to-Back Sales of Industrial Facilities
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed two individual sales of industrial facilities leased to Coleman Worldwide Moving, a full-service moving and storage business. The first property, located at 10020 North Palafox Street in Pensacola, Florida, is approximately 180,000 square feet and sold in June of 2020. […]
Carvana Parks Itself in Utah
The Economic Development Corporation of Utah (EDCUtah) and the Utah Governor’s Office of Economic Development (GOED) are pleased to announce that Carvana plans to open an Inspection and reconditioning center in Tooele City, and to add 173 new high-paying jobs in the state in the next seven years. The company projects capital expenditures of $42.5 […]
Wanted: Somewhere, Anywhere, to Store Lots of Cheap Oil
Storage schemes get creative, with would-be investors looking to sock it away in giant pools, caves or anywhere else.
The Ninigret Group Acquires Pensacola Industrial Building
A 180,000 square foot industrial building leased to Coleman Worldwide Moving was recently sold to the Utah-based real estate firm, The Ninigret Group.
Sale of 363,000 square-foot Industrial Property in Utah
The Dana Building, a 363,996 square foot industrial property located in West Jordan, Utah was recently sold for $30.1 million by an affiliate of The Ninigret Group.
Utah Company Buys Port Manatee Commerce Center
The Port Manatee Commerce Center has been sold. The buyer, who closed last week, is an affiliate of real estate investor/developer The Ninigret Group LC of Salt Lake City, Utah.
Utah Company Fourth Area Acquisition
A Salt Lake City, Utah-based commercial real estate investment firm has acquired a 171,000-square-foot industrial building in Bradenton. The Ninigret Group L.C’s purchase of the 171,000-square-foot building, at 1900 47th Terrace East, marks the company’s fourth Southwest Florida deal. Previously, it acquired office and retail space in Naples, North Port and Fort Myers. Ninigret acquired the […]
Utah Finds Gold in Steel
Utah is cashing in on a golden treasure made of steel. Never has there been a more concrete example of this axiom than Pacific Steel & Recycling, a 131-year-old company, that is spreading its profitable operations around the Western US and Canada. Founded as Pacific Hide & Fur Depot in 1885, the Great Falls, Mont.-based […]
Operations Underway at Cabela’s Tooele Distribution Center
Cabela’s Incorporated, the World’s Foremost Outfitter® of hunting, fishing and outdoor gear, has begun operations at the company’s new 600,000-square-foot Tooele distribution center located at Ninigret Depot. The state-of-the-art facility processes freight and delivers products to Cabela’s consumers and retail locations throughout the United States, primarily serving the Western states. Construction on the building began […]
Pacific Steel planning another Utah Facility
Pacific Steel & Recycling Inc. plans to open a second Utah location that will focus on finished steel products. The Great Falls, Mont.-based recycler and steel processor has purchased a 12-acre site in Syracuse, Utah, were it intends to construct a 100,000 square foot steel processing facility with rail access, according to Salt Lake City-based […]
Airgas Opens High-tech Tooele Plant
Businesses as far away as Seattle, San Francisco, Denver and Phoenix now get air from Tooele City. Airgas, Inc., a Radnor, Pennsylvania-based supplier of industrial, medical, and specialty gases, celebrated the opening of its new 20,000-square-foot facility in Ninigret Depot on Tuesday with a ribbon cutting ceremony and tours.“Airgas is very proud to be joining […]
Tooele Is A Hidden Gem
As industrial development intensifies in Salt Lake County and space becomes scarce, companies are increasingly looking beyond the shadow of the Oquirrh Mountains to Tooele, the new Mecca for industrial development. A string of recent announcements highlights this trend. In April, Airgas Inc. announced it would build a specialty gas production facility in Tooele County. […]
Outdoor Retailer Cabela’s Building New Shipping Center in Tooele
By summer of 2015, gear for thousands of hunters, fishers, campers and boating enthusiasts across the West will be moving in and out of a new facility in Tooele. Outdoor outfitter Cabela’s began construction Tuesday on a huge regional distribution hub in an industrial park on Tooele’s west side.
Ninigret Depot is Pleased to Announce and Welcome Cabela’s to the Park
Ninigret Depot is pleased to announce and welcome Cabela’s to the park. Cabela’s will be building a new 600,000 square foot distribution center with project opening date in late 2015.
The Ninigret Group Increases Holdings in Utah
The Ninigret Group, L.C. announced today that it has acquired the real estate property known as Utah Industrial Depot and 184 acres in Syracuse, Utah, now known as Ninigret Park North.
Building Out of the Box
When developer Randy Abood decided to build an industrial park in Salt Lake City, he knew what he didn’t want: rows upon rows of identical gray box warehouses. He wanted something cool. That’s why the earth-toned industrial buildings in Abood’s Ninigret Park have features such as towering pillars, huge glass windows and high ceilings that blend with the park’s office buildings. Trees, flowers and landscaping break up a parking lot that otherwise would be a sea of asphalt. Even the tenants’ cars look shiny and new: Abood pays to have a number of them washed weekly.
New Warehouses Take On a Luxe Look
Warehouse developers are thinking outside the plain brown, no-frills box.Minimal attention had been paid to aesthetics on warehouses and industrial parks often located off the beaten path. But now creeping into some new warehouse projects are elements of high-end design—glass curtain walls, precast concrete, skylights, ornamental awnings, elaborate canopies and tasteful earth tones.
History of Ninigret Park
Ninigret Park is an outgrowth of Centennial Park, a major commercial center that has helped foster Salt Lake City’s leading role as a regional distribution hub for the mountain and western states. Bounded by California Avenue to the north and 2100 South to the south, Ninigret Park offers unparalleled convenience and access.
Expansion Planned at Centennial Park
Developers of Centennial Park, one of Utah’s oldest and largest business and industrial centers, say the park will undergo a 178-acre expansion this year as Phase VI development gets under way. Plans are to build large distribution and light manufacturing facilities on the site. For an undisclosed price, The Ninigret Group L.C., based in New […]