NorthPoint Development, a Kansas City based developer, and The Romney Group have announced they are proceeding with a joint partnership to develop Lakeview Business Park, a +1,300 acre park in Grantsville, UT, which can accommodate over 18M (18,000,000) square feet of warehouse, manufacturing, office and commercial buildings making it one of the largest industrial business parks to launch in the United States. This partnership will invest over $1B (1,000,000,000) in this class A industrial business park. In September 2020, they expect to break ground on the first building which is 506,930 square feet in size, is expandable to 1M square feet, and features a ceiling clear height of 40 feet.
At its ultimate build out, Lakeview Business Park will create over 5,000 permanent jobs. With great access to one of the best and most robust labor pools in the country, close access to I-80 with the new interchange and a large master planned park, Lakeview Business Park will positively transform the local community and provide unparalleled industrial warehouse, manufacturing and distribution services to the western US region.
“We are excited for this large-scale business park and the special partnership we have with The Romney Group. Lakeview Business Park offers a great location for tremendous success with the ability to serve any industrial client in terms of size and labor for many years to come.” — Chad Meyer, President, NorthPoint Development.
“Our goal is to create a long-term, jobs rich business park that will be environmentally friendly and generate tax revenue to enhance the lives of the local community, improve public services and provide much needed tax dollars for education. We selected NorthPoint as a partner because of our shared core values and long-term commitment to the communities in which we do business.” – Josh Romney, President, The Romney Group
Tom Freeman with Cushman & Wakefield, the real estate brokerage firm selected to represent the partners for this project said, “Of the many partnerships and opportunities for successful business in the greater intermountain west, I believe the stars are aligning for a very successful economic driver that will greatly benefit the surrounding community.”
As the leading national industrial developer, NorthPoint has constructed more industrial square footage than any other developer nationwide in the last five years, based on a recent study done by Real Capital Analytics. NorthPoint’s business portfolio includes 250+ industrial clients who are located in 74.6 million square feet of developed space across the US. Over 55,000 jobs have been created in the development and leasing of this portfolio to date.