Sold.
NAI Excel, St. George’s premier commercial real estate brokerage, announced the sale of the former Viracon Building (the largest manufacturing building in St. George) in the Fort Pierce Industrial Park. The facility was listed at $14,920,000 and comprises 237,000 SF on 22 acres. The building is high-quality, tilt-up concrete construction with a max clear height of over 29 feet, three cranes, 24,000 amps of power, and room for expansion.
The facility was purchased by a San Francisco based national industrial developer who plans to convert the facility into a multi-tenant facility. Jason Griffith, CCIM with NAI Excel represented the seller and CM Commercial out of California represented the buyer. Jason Griffith is handling the leasing for the new owner.
Griffith said, “Our industrial market is very tight. The Viracon conversion will accommodate users starting at 40,000 SF up to 115,000 SF at competitive rates. Industrial space in this size range is impossible to find. When you consider the overhead cranes, power capabilities, and expansion room, this is an exciting offering to bring to the market.” He continued, “Our goal is to offer the kind of space typically found in Las Vegas or Salt Lake with all of the benefits of living in St. George, one of the fastest growing communities in the country.”
There is already interest in the offering with several tours completed in the past month. Many of the prospective tenants are local companies who have struggled to find adequate space to accommodate their expansion plans.
Jason Griffith | Senior Vice President
Jason Griffith is a senior member and commercial-investment specialist at NAI Excel. He is a 22-year veteran in the St. George commercial real estate market. Jason has extensive experience in all aspects of commercial real estate, including: industrial, office, retail, consulting, investments, market analysis, project development and leasing.