Salt Lake City — Colliers is pleased to announce the successful negotiation of a five-year lease renewal for more than 100,000 square feet of Class A industrial space in Salt Lake City. Travis Yates, VP, and Vic Galanis, EVP, represented Tradestar Corporation in the transaction.
“It was a privilege to represent and assist Tradestar Corporation in the lease renewal of their Salt Lake City manufacturing facility,” said Yates. “Tradestar’s continued Utah presence is a big win for Salt Lake City and the state. The local industrial market continues to be very dynamic.”
Tradestar, a wholly-owned subsidiary of Dyno Nobel Americas, will continue to occupy 104,989 square feet of space on Gladiola Street in Salt Lake City. Founded over 50 years ago, Tradestar manufactures custom equipment used to deliver bulk commercial explosives, such as emulsion, ANFO, and HANFO blends. Yates and Galanis cooperatively advise clients from Colliers’ downtown Salt Lake City office. Both specialize in tenant representation, occupier services, and corporate solutions.
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment.