Hamilton Partners, Inc. along with Mortenson Construction (top-20 U.S. builder Mortenson) and Bow River Capital, today announced the groundbreaking on a 474,600-square-foot new industrial facility called Inland Logistics located at 8080 West 1400 North, a last-mile e-commerce warehouse and distribution center
“Inland Logistics’ entry into this market is one more sign of the advanced growth happening in the northwest quadrant of the Utah Inland Port Authority,” said Jill Flygare, chief operating officer, Utah Inland Port Authority. “We look forward to extending our partnership with Hamilton Partners and Mortenson Construction in the Inland Logistics Project as we see a bright future in freight and cargo movement and expanding rail into this region.”
The project, which is slated for completion in early 2023, is expected to bring numerous jobs to the region and will prompt additional job creation throughout the development cycle.
George Arnold, partner with Hamilton Partners, recollects, “Hamilton and Mortenson Construction were brought together through a meeting at a NAIOP Utah industry event (NAIOPOLY) wherein the opportunity was introduced. Hamilton was able to pull a team together including design, construction, and equity. Two weeks later a collaboration with Bow River Capital, Mortenson Construction and Hamilton Partners on the purchase of the site, led to this development being in this stage.”
“This project is a great example of Mortenson Construction’s design-build capabilities in the Utah market,” said Josh Caldwell, business development executive at Mortenson – Salt Lake City. “We’ve been steadily increasing our presence in Salt Lake City over the last few years and look forward to bringing our experience and full resources to bear for Inland Logistics.”
Hamilton Partners partnered with design-builder Mortenson Construction on the development of the new facility, with capital partner Bow River Capital and Ware Malcomb as design partner.
“EDCUtah loves to see a project like this break ground because it means that we are able to respond to prospective clients who have interest in Utah that we have immediate solutions to satisfy their real estate needs,” said Colby Cooley, vice president of business development, Economic Development Corporation of Utah.
For more information on Mortenson’s capabilities in Utah, please visit: www.mortenson.com/salt-lake-city.
About Hamilton Partners
Hamilton Partners is a commercial real estate and development company that specializes in commercial office, industrial and retail projects. The company is headquartered in Itasca, Illinois and has regional offices in Buffalo Grove, Downers Grove, Salt Lake City, Utah, Phoenix, Arizona, and Denver, Colorado. Hamilton Partners continues to own and operate over 18 million square feet valued at approximately $2 billion. Hamilton Partners believes quality and service distinguish properties. The firms’ portfolio is proof the highest quality properties, on average, achieve higher rental rates, attract, and retain stronger credit tenants, and experience higher occupancy. As a long-term investor in its real estate, Hamilton Partners builds institutional quality properties with an upscale corporate image and the flexibility to accommodate a wide array of tenants, user, and buyers. For additional information, visit www.hamiltonpartners.com
About Mortenson Construction
Mortenson is a U.S.-based, top-20 builder, developer, and engineering services provider serving the commercial, institutional, and energy sectors. Mortenson’s expanding portfolio of integrated services help its customers move their strategies forward, ensuring their investments result in high-performing assets. The result is a turnkey partner, fully invested in the business success of its customers.
Founded in 1954, Mortenson has operations across the U.S. with offices in Chicago, Denver, Fargo, Iowa City, Milwaukee, Minneapolis, Phoenix, Portland, Salt Lake City, San Antonio, Seattle, and Washington, D.C. For additional information, visit www.mortenson.com.
About Bow River Capital
Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused on investing in the lower middle market in three asset classes, including private equity, real estate, and software growth equity. In addition to its three private fund platforms, the firm launched the Bow River Capital Evergreen Fund (EVERX) in May 2020, which provides institutional-quality private market access to a broader set of investors. Collectively, the Bow River Capital team has deployed capital into diverse industries, asset classes and across the capital structure. Bow River Capital Evergreen Fund is distributed by Foreside Financial Services, LLC, which is not affiliated with Bow River Capital or its affiliates. For more information on Bow River Capital, please visit www.bowrivercapital.com.