Newmark Arranges Sale of Goldeneye Industrial Portfolio in Salt Lake City

June 29, 2026 9:00 AM

Newmark announces the Company 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 asset traded for an undisclosed amount.

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 buyer was TA Realty.

The Goldeneye Industrial Portfolio comprises three highly functional buildings situated on approximately 19 acres. The assets were built between 1988 and 2001 and feature clear heights ranging from 22 to 30 feet, flexible suite configurations and strong physical specifications suited to a wide range of industrial users.

"The Goldeneye Industrial Portfolio represents a compelling combination of durable in-place cash flow and clear upside through mark-to-market opportunities," said Briner. "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."

At the time of sale, the portfolio was 91% leased to 12 tenants spanning logistics, manufacturing and service-oriented industries, with suite sizes ranging from approximately 8,000 to more than 70,000 square feet.

Strategically located within one of Salt Lake City's most desirable infill industrial corridors, the portfolio benefits from immediate access to major transportation infrastructure, including Interstates 80 and 215 and State Route 201, as well as proximity to Salt Lake City International Airport and regional intermodal facilities. The location enables efficient distribution throughout the Mountain West and broader Western United States.

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

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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