Walmart Buys 1 MSF Distribution Center in Salt Lake City
Walmart Inc. has acquired a more than 1 million-square-foot Class A distribution center on nearly 60 acres in Salt Lake City after leasing the facility for more than three years for its Walmart Fulfillment Services division. The building is used to fulfill online orders made on Walmart.com.
Walmart has been the sole tenant at 990 N. 6550 W., located within the SLC Global Logistics Center, since it was completed in 2022.
Managing Director Ed Lampitt, Executive Vice Chairs Will Strong and Jeff Chiate and Director Matt Leupold of Cushman & Wakefield’s National Industrial Advisory Group represented Walmart in the deal.
The seller wasn’t identified but Wadsworth Development Group of Draper, Utah, is listed as the most recent owner, according to CommercialEdge data. The property was secured by a $54.8 million construction loan, originated in April 2021 by Zions Bank, the same source shows.
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Wadsworth, in a joint venture with Colmena Group and Stokes Partners, launched Phase 1 of the industrial park in February 2018. Wadsworth stated in a social media post three years ago that Walmart had signed a 15-year lease for the building. Upon buildout, the park will have 50 million square feet of industrial development across 3,000 acres. Phase 1 comprises 5.5 million square feet of space.
Building, market highlights
990 N. 6550 W. is a cross-dock building with a 40-foot clear height. It has 174 dock-high doors and four grade-level doors.
Located in the fast-growing Airport submarket, the property has immediate access to Interstate 80 and is 10 minutes from both Interstate 15 and Salt Lake City’s central business district. It is located 5 minutes from the Salt Lake City International Airport, which is undergoing a multibillion-dollar phased expansion slated for completion by 2027. The property is also near the Union Pacific Intermodal Hub.
The property is situated along the I-80 corridor in the heart of Salt Lake City’s Northwest Quadrant, the largest and most sought-after industrial submarket in Utah. The location is a half-day’s drive to reach more than 63 million people, including most of the Western U.S. and all its major ports. It is within a day’s drive of nearly 150 million people, or 45 percent of the U.S. population.
The overall industrial vacancy in the Salt Lake City area remains healthy at 6.6 percent, according to Cushman & Wakefield’s market report for the first quarter of 2025. The market had a surge in leasing activity, with 2.2 million square feet of new deals signed. New leasing activity is already ahead of 2024, which reported about 5 million square feet of new deals all year.
In December, ViaWest Group sold 5 South Commerce Center, a 172,847-square-foot Class A single-tenant industrial property in Salt Lake City to STAG Industrial. Located at 3175 W. 500 S., the facility is close to the airport and downtown Salt Lake City and has access to interstates 215 and 80. Cushman & Wakefield represented the seller in the deal.
Florida distribution deal
In April, Walmart opened a new distribution center in Jacksonville, Fla., that will be a hub for the Southeast. Located at 1511 Zoo Parkway, the 1 million-square-foot facility will handle items for 18 Sam’s Club locations in Florida, South Carolina and Georgia, as well as seven clubs in Puerto Rico. The site, which is 10 minutes from the Port of Jacksonville, also stores and sorts imported goods for delivery to four distribution centers.
Salt Lake City is not the only recent acquisition for Walmart. In February, the retail giant also acquired Monroeville Mall and its Annex in Monroeville, Pa., for $34 million from CBL Properties. The retail assets totaled 1.2 million square feet.
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