JLL represented ReaderLink in its lease of a new 500,000 square foot build-to-suit property located in Business Depot Ogden.
The project, to be completed by June of 2017, will be housed at 1019 West 400 North in Ogden at the 1,118-acre master-planned business park. ReaderLink, who will lease the building from Business Depot Ogden when completed, is the largest full-service distributor of hardcover, trade and paperback books to nontrade channel booksellers in North America. With their broad customer base, ReaderLink is unparalleled in industry service, distribution logistics, category management services, field services and business analytics.
JLL Salt Lake City brokers Andy Wheeler, CCIM, Vice President and Wick Udy, Senior Vice President represented ReaderLink in the transaction.
“As ReaderLink looked to consolidate their assets they considered factors such as population growth, access to talent and general location within the U.S.,” said Andy Wheeler. “We were able to combine connectivity and access to both the region's customer base and talent with a build-to-suit space that can meet their long-term logistics needs.”
ReaderLink signed a long-term lease for the 500,000-square-foot 1019 West 400 North address in August 2016. When completed at the end of the second quarter 2017, the new building will comprise of approximately 487,500 square feet of distribution space and12,500 square feet of office space. The distribution center will add up to 100 new jobs and bring $35 million in capital investment to the state.
The distribution center will be strategically situated in Ogden, less than half a mile off I-15 with clear access to all other major roads within the state. The access will allow for ReaderLink to continue delivering its product to the western United States within two days via ground transportation.