Newmark Grubb ACRES is pleased to announce the sale of the TJ Products building located at 5574 West Leo Park Road in West Jordan, Utah.
The 19,790 square foot building sits on 2.5 acres and features a large yard. The building was sold to Rightway Steel of West Jordan, Utah. The property will be utilized as an expansion building for Rightway Steel and service its future growth. In regards to the transaction, Rightway Steel Vice President Richard Wood said, “We’re very excited for the new property and the availability to further enhance our capabilities for our customers and clients. We’re excited about the growth in Utah and we’re very happy to be a part of it.”
Newmark Executive Vice President Kyle Roberts and Industrial Specialist Skyler Peterson represented the seller, Iracore International. Peterson also represented the buyer, Rightway Steel, in this transaction.
In regards to the transaction, Peterson said, “It is great to see the strength of the industrial sector in Salt Lake County and the growth of companies such as Rightway Steel.”
Iracore International produces the Iracore lined pipe system for oil sand slurry transport and tailings disposal. The company is based in Hibbing, Minnesota, and has five locations in North America.
Rightway Steel provides a comprehensive range of miscellaneous and structural steel services. Their business foundation is built on high-quality steel fabrication and installation, approach to safety, and top-notch project management. From steel surface prepping to metal grit blasting and painting or galvanizing, Rightway Steel’s all-inclusive services take steel work to the next level.