Firm forms joint venture with ViaWest Group to deliver state-of-the-art warehouse space
New York, NY – September 9, 2025 – Clarion Partners, LLC, (Clarion) a leading real estate investment manager, formed a joint venture with ViaWest Group to develop two state-of-the-art rear-load industrial warehouse/distribution buildings totaling 337,040 sq. ft. at 4167 West 850 South in Salt Lake City (SLC), Utah, in an area designated as a Qualified Opportunity Zone (QOZ). Situated on 25 acres in the California Avenue area (SLC's largest industrial submarket), the project was delivered in July 2025.
The development is adjacent to Hwy-154 (Bangerter Highway) and is positioned less than a mile east from the SLC Union Pacific Railroad Intermodal, providing convenient access to several additional interstates and highways, including I-80 (one mile north), I-215 (2.1 miles east), State Highway 201 (1.7 miles south), and State Highway 85 (2.2 miles west). The site is 1.6 miles south of the Salt Lake City International Airport and 5.1 miles west of downtown.
“Salt Lake City serves as an important regional distribution hub in the Mountain West," said Managing Director Jason Glasser, “and this particular submarket features strong 3PL and retailer tenant demand with access to a robust talent pool. Clarion is excited to partner with ViaWest on a project in a Qualified Opportunity Zone. The building provides access to consumers throughout the thriving Las Vegas, Reno, Denver and other West Coast markets."
Tom Glissmeyer, ViaWest Group's Mountain Leader for the Mountain West, commented, “We are excited to deliver these best-in-class, LEED Certified buildings in a great infill location. The quality of construction will serve as a new baseline for the industrial market, and we are proud of our construction and development partners for executing on the plan."
The Project consists of two rear-load warehouse/distribution buildings equipped with modern, Class A specifications. Building 1 (95,760 sq. ft.) features 32' clear height, 130' truck court depth, 60' speed bays, 25 dock doors with two drive-in doors, LED light fixtures, an ESFR sprinkler system, and 179 car parking spaces. Building 2 (241,280 sq. ft.) features 36' clear height, 138' – 193' truck court depth, 60' speed bays, 42 dock doors with two drive-in doors, 56 trailer stalls, LED light fixtures, an ESFR sprinkler system, and 202 car parking spaces.
Clarion is currently invested in over 170 properties (nearly $8 billion in GRE) in areas designated as QOZs and owns an additional 734 properties (over $38 billion in GRE) in submarkets neighboring U.S. QOZs.1 This is Clarion's second industrial development project located within a SLC opportunity zone, and its first project with ViaWest.