JLL Capital Markets has successfully arranged $43.27 million in construction financing for 5400 South, a new industrial warehouse scheme in West Valley City, Utah. The development will comprise three buildings offering a combined 470,334 square feet of space.

JLL represented the borrowers, ViaWest Group and GEM Realty Capital, in securing the floating-rate loan. The new development is located at 7301 West 5400 South and covers a 28.7-acre site.

The properties will feature high-specification industrial space with clear heights ranging from 32 feet to 36 feet. The complex will include 110 dock-high doors and 18 grade-level doors. Logistics operations will benefit from 54 trailer parking spaces and an additional 443 automobile parking spaces. The buildings are designed to accommodate a range of tenants, with flexible space configurations available from 19,500 to 218,499 square feet.

The site is strategically positioned within the West Valley submarket. This location offers quick access to key transportation corridors including Interstate 80, Interstate 215, Interstate 15, Bangerter Highway and State Route 201. This connectivity across the greater Salt Lake City metropolitan area means approximately 20% of the nation’s population is reachable within a 12-hour drive time.

Construction on the project began in November 2025, with the development anticipated to be completed by December 2026.

The JLL team that secured the financing included Capital Markets President Kevin MacKenzie, Senior Director Jason Carlos, Director Jeff Pew and Analyst Lilley Kroll.

Jeff Pew commented: “The West Valley submarket represents one of the premier industrial locations in Salt Lake City, benefiting from exceptional transportation access and a supply-constrained environment. This development capitalizes on the market’s strong fundamentals, including compressed vacancy rates and rising rental rates, while Salt Lake City’s strategic location as the ‘Crossroads of the West’ continues to attract distribution and logistics operations seeking efficient access to major population centers.”