WEST VALLEY CITY, Utah--(BUSINESS WIRE)--
Forecasted to create more than 3,000 new jobs and space to offer 2.3 million square feet of industrial storage, warehousing and distribution, ARA, Utah’s newest Freeport West project, became a reality today. The commercial real estate developer currently owns and manages 40 buildings in Salt Lake City and Clearfield, Utah.
“With this new industrial campus enterprise, we are adding capacity for new large-scale storage, warehousing, distribution, office and showroom space within the Wasatch Front, where it has been tapped out,” said Bradley J. Ross, Freeport West executive managing director. “The origin of the name ARA means ‘brings rain.’ It describes the remarkable opportunity the property affords for attracting the world’s largest manufacturers and distributors to our state and creating thousands of new jobs locally.”
Participating with Freeport West in today’s groundbreaking ceremony, Utah Governor Gary R. Herbert, State House of Representatives Majority Leader Brad L. Dee (R), State Senator Howard A. Stephenson (R), Salt Lake County Mayor Ben McAdams, and West Valley City Manager and CEO Wayne Pyle.
“Today’s ground breaking is the culmination of all we had set out to do and more,” said Utah Governor Gary R. Herbert. “Working together through public/private partnerships and igniting a progressive pro-business approach has shaped Utah’s reputation to be the economic development leader and the number one place for business growth. This latest Freeport West project is a remarkable example of what can be accomplished with business, cities, counties and the state work together. We look forward to continuing to support this project through construction and to being there when they develop their next 10 million feet.”
ARA’s initial structure located at 6755 West and the 2100 South Frontage Road in West Valley is scheduled for completion winter 2015. Total square footage of the building being constructed in the initial phase is 500,000. The footprint of the entire campus property is 2.3 million square feet. Target completion for the campus is 2019, dependent on tenant occupancy and market conditions.
“Freeport West is a valued partner to West Valley City, and having ARA within our city limits exactly fits our vision of bringing investment, economic progress, job growth and energy to Utah’s second largest city,” said West Valley Mayor Ron Bigelow. “West Valley City has undergone a successful redevelopment initiative over the past few years, and this latest investment will significantly enhance these efforts, while also bring significant recognition and dividends to the entire state.”
ARA was designed by Hilton Williams Architects. The initial building under construction is available and will be built per Freeport West’s standards, which will accommodate the specific needs of the leasing tenant(s).
About Freeport West Industrial Properties:
Utah’s largest industrial property company, Freeport West owns and manages more than 10M square feet of property in Salt Lake City, Clearfield and now West Valley City. The commercial real estate company was founded in 1963. In addition to Utah, Freeport West has commercial properties in Arizona, California and Nevada. www.freeportwest.com
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