Press Release brought to you by Newmark Grubb ACRES

First Wagner Building Sold


October 31, 2017—Salt Lake City, UT. Newmark Grubb ACRES (NGA) is pleased to announce the sale of the First Wagner Building. The 124,892 SF building is located at 2323 South 900 West in Wagner Industrial Park.

The seller was First Industrial, a Chicago-based REIT. The buyer was ARKA Properties Group based in Beverly Hills. Both parties have extensive experience in the Utah Market.

NGA Executive Vice Presidents Bryce Blanchard and Lucas Burbank represented both parties in this investment transaction.


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