Transactions - NOVEMBER 23, 2020

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NorthPoint JV breaks ground on $1b industrial park in Utah

by Andrea Zander

The joint partnership of NorthPoint Development, a Kansas City–based developer, and The Romney Group will soon begin construction on what will be a brand new more than 19 million-square-foot state-of-the-art warehouse, manufacturing, office and commercial project in Grantsville, Utah. The partnership has selected Cushman & Wakefield to perform Brokerage Services.

Named the Lakeview Business Park, the new monumental class A project is situated on more than 1,300 acres and is among the largest industrial business parks to launch in the entire United States. The partnership will invest more than $1 billion in developing the park. Construction is commencing in November on the first speculative building totaling 506,930 square feet in size and expandable to 1 million square feet. The remainder of the project is being developed in phases at future dates yet to be determined.

“We are thrilled to be officially commencing construction on this large-scale, rail served, c

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