X Development and Midloch Investment Partners have recently acquired Highbury at Lake Park, a premier shopping destination in the West Valley City submarket of Salt Lake City. The Class-A center, spanning 119,366 square feet and anchored by Target, was purchased for $30 million. Its tenant mix boasts a diverse selection of national and local restaurants such as Bank of America, Xfinity, Freddy’s, Marshalls and Cafe Rio.
The transaction was facilitated by Kip Paul from Cushman & Wakefield.
Financing for the purchase was secured through a fixed-rate loan from America First Credit Union.
Strategically located on 5600 West with direct access to major highways including Hwy 201, SR 80 , I-15 and I-215 , Highbury at Lake Park is surrounded by numerous large employers , office parks ,and residential communities . This prime location makes it an ideal investment opportunity with great potential for growth.
