News Release: Seefried Industrial Properties; Clarion Partners Acquire 15-Acre Site for 264,880 SF Spec Development in Salt Lake City
Salt Lake City, Utah — April 22, 2026 — Seefried Industrial Properties, in partnership with Clarion Partners, has acquired a ±15-acre infill site at 4950 West 1100 South in Salt Lake City, Utah, for the development of a two-building speculative project totaling 264,880 square feet.
The project will feature two Class A industrial buildings, each measuring 132,440 square feet, designed to serve logistics, distribution, and light manufacturing users seeking modern space within Salt Lake City’s established west-side industrial corridor. The development will include 52 dock-high doors (including 12 grade-level doors), 268 parking spaces, and approximately 79,465 square feet of office space across both buildings. The project is being developed with plans to pursue LEED certification.
Strategically located along 1100 South, the site offers direct access to Interstate 80 and Interstate 215, providing regional connectivity throughout the Salt Lake Valley and efficient access to Salt Lake City International Airport, one of the Intermountain West’s primary air cargo hubs.
The acquisition marks the first collaboration between Seefried and Clarion in the Salt Lake City market and reflects a shared focus on well-located industrial development in infill logistics corridors with strong transportation access.
"We are pleased to continue expanding our presence in the Salt Lake City industrial market through this development with a long-term national partner of ours, Seefried" said Clarion Managing Director Payson MacWilliam. "We believe the buildings are well suited both from a location and design perspective to meet tenant needs to support the region’s long-term economic growth."
Construction is scheduled to commence this summer.
AE Urbia Architects will serve as the Architect of Record, and Dominion Engineering, Inc. as the Civil Engineer. Marketing and leasing efforts are being led by Tom Freeman, Jeremy Jensen, Travis Healey and Rob Parise of Colliers.
About Seefried Industrial Properties
Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties is as a privately held real estate company specializing in the development, leasing, and management of industrial properties across the United States. The company primarily focuses on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried currently leases and manages approximately 25 million square feet on behalf of its institutional and European clients and has developed more than 220 million square feet of industrial space representing over $22 billion in total development cost. Headquartered in Atlanta, Seefried Properties extends its operational presence through regional offices strategically located in Dallas, Chicago, Los Angeles, and Phoenix. For more information, please visit www.seefriedproperties.com.
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Clarion Partners, an SEC registered investment adviser with FCA-authorized and FINRA member affiliates, has been a leading U.S. real estate investment manager for more than 40 years. Headquartered in New York, the firm maintains strategically located offices across the United States and Europe. With over $72 billion in total real estate and debt assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to 500 institutional investors across the globe. Clarion is scaled in all major property types and was an early entrant into the Industrial sector. The Firm’s global industrial team manages ~950 industrial properties in the U.S. and Europe consisting of approximately 245 million square feet. For more information visit www.clarionpartners.com and follow us onLinkedIn and YouTube.
