Vineyard, Utah – Pasadena, CA based De Pietro Holdings LLC has acquired two fully leased industrial buildings in Vineyard, a fast-growing city located in the Utah Valley.
The acquisition of 517 East 1600 North and 543 East 1600 North compliment the company’s existing investment in North Salt Lake at 51 South River Bend Way.
“The acquisition of the Vineyard buildings represents a further investment in Utah and our belief that the Utah Valley and greater Salt Lake City areas will continue to grow,” said James De Pietro, partner at De Pietro Holdings LLC. “With the purchase of these two buildings, we have the opportunity to work with a great new group of tenants and we look forward to partnering with them for years to come.”
Built in 2016, 517 East 1600 North is a 40,958 SF multi-tenant industrial facility. 543 East 1600 North was built in 2018 as a 46,216 SF multi-tenant industrial facility but is currently serving a single tenant. Both buildings enjoy close proximity to Interstate 15 and feature both drive up and dock high doors providing maximum tenant versatility.
Chris Engel of Beaconsfield Capital provided advisory services to De Pietro Holdings LLC.
The private seller was represented by Josh Martin of Colliers International.
About De Pietro Holdings LLC
De Pietro Holdings LLC is a privately held commercial real estate investment company that has grown to own approximately 630,000 square feet of office, industrial, medical office, R&D, and retail properties across 15 cities and four states. The Company has remained a family run and operated organization that focuses on developing long term business relationships and practical and creative solutions that satisfy tenant requirements now and in the future. De Pietro Holdings LLC’s properties are primarily located in Southern California and the greater Phoenix, AZ , Denver, CO, Colorado Springs, CO and Salt Lake City, UT areas.
