Salt Lake City—July 29, 2019—The Salt Lake City office of CBRE today announced that Pella Windows has signed a 22,700-square-foot lease at Synergy Business Park, Synergy Development’s new industrial project in the heart of Sandy. This is the first lease that has been signed at the development that is currently being marketed by Jeff Richards and Tom Dischmann with CBRE. Jeff Richards also represented Pella Windows in the transaction.
Located on 500 West near 90th South, Synergy Business Park is planned to be a six-building industrial complex encompassing approximately 362,000 square feet. Currently under construction, the first two buildings in the development are set to deliver in Q3 2019 with expected occupancy dates before the end of the year. The additional four buildings will commence construction at the beginning of 2020. Pella Windows plans to consolidate their two current locations to this new site at Building 2, providing one premier warehouse/showroom space for the company.
“The location of Synergy Business Park makes it a very unique industrial development. There is very little industrial product available in the south end of the Salt Lake Valley, and the accessibility of this site to both the freeway and public transportation makes this project stand out,” noted Richards, senior vice president. “Synergy Business Park provides direct access to I-15 via 90th and 106th South, and is designed to be high-image flex and distribution space, offering excellent options for a wide range of businesses. These factors contributed greatly to Pella’s decision to relcoate their existing sites to Synergy Business Park.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.