Northmarq’s Salt Lake City office completes $5,270,892 construction financing of WX Industrial Complex in Woods Cross, Utah
SALT LAKE CITY, UTAH (January 11, 2021) – Larry Pinnock, senior vice president/senior director of Northmarq’s Salt Lake City debt/equity office, arranged the $5,270,892 construction loan for WX Industrial Complex. The 53,750 sq. ft. flex building will be located at 2000 South 1100 West in Woods Cross, Utah. The variable-rate loan was structured on a 1-year interest only term.
The transaction comprises the development for three of six class A industrial buildings part of the WX Industrial Park. Situated in a prime location, the land development grants easy access to I-15 and Redwood Road. The Salt Lake City International Airport is just 11.4 miles (21-minute drive) from the development.
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