Newmark Arranges Sale of 378,183-SF Goldeneye Industrial Portfolio in Salt Lake City to TA Realty

Newmark has arranged the sale of the Goldeneye Industrial Portfolio, a three-building, multi-tenant light industrial portfolio totaling 378,183 square feet in the West Valley submarket of Salt Lake City, the firm announced June 29, 2026. TA Realty acquired the asset from an undisclosed seller, with the transaction price not disclosed.

Portfolio Overview and Physical Specifications

The Goldeneye Industrial Portfolio comprises three buildings situated on approximately 19 acres. The assets were constructed between 1988 and 2001 and feature clear heights ranging from 22 to 30 feet, along with flexible suite configurations suited to a broad range of industrial users. At the time of sale, the portfolio was 91% leased to 12 tenants spanning logistics, manufacturing and service-oriented industries, with individual suite sizes ranging from approximately 8,000 square feet to more than 70,000 square feet.

The portfolio is located within what Newmark describes as one of Salt Lake City's infill industrial corridors, with direct access to Interstates 80 and 215 and State Route 201. The properties also benefit from proximity to Salt Lake City International Airport and regional intermodal facilities, positioning the portfolio to serve distribution needs across the Mountain West and broader Western United States.

Newmark Brokerage Team

Newmark Executive Managing Director Andrew Briner, Associate Director Aaron Banks and Vice Chairman Ken White, in cooperation with Executive Managing Directors Kyle Roberts and Jeff Heaton of Newmark Mountain West, represented the undisclosed seller in the transaction.

"The Goldeneye Industrial Portfolio represents a compelling combination of durable in-place cash flow and clear upside through mark-to-market opportunities," Briner said in a statement. "Investor demand for well-located, multi-tenant industrial product in Salt Lake City remains exceptionally strong, particularly for infill assets that offer both functionality and near-term growth potential. This transaction underscores the continued depth of capital targeting high-quality industrial investments across the Mountain West."

Salt Lake City Industrial Market Conditions

According to Newmark Research, Salt Lake City's industrial market maintained stable fundamentals in the first quarter of 2026, with direct vacancy at 5.7%. Conditions were described as significantly tighter across small- and mid-bay product. While overall leasing activity moderated as occupiers prioritized efficiency and deferred expansion decisions, achieved rents continued to outperform asking rents, reflecting sustained demand for well-located space.

The sale price and cap rate for the Goldeneye Industrial Portfolio were not disclosed.

Sources: Newmark Press Release, June 29, 2026