NKF Capital Markets Arranges $142 Million Sale of Retail Center Near Salt Lake City

The Shops at Fort Union in Midvale, Utah, is home to tenants such as Dick’s Sporting Goods, Ulta Beauty, Ross Dress for Less, Michaels and DSW. (Photo courtesy of LoopNet) The Shops at Fort Union in Midvale, Utah, is home to tenants such as Dick’s Sporting Goods, Ulta Beauty, Ross Dress for Less, Michaels and DSW. (Photo courtesy of LoopNet)

Midvale, Utah — NKF Capital Markets has arranged the $142 million sale of a 688,549-square-foot portion of The Shops at Fort Union, a shopping center in Midvale, 12 miles south of Salt Lake City.

The centers totals more than 830,000 square feet and was 86 percent leased at the time of sale to tenants such as Smith’s Food & Drug, Walmart Supercenter, Dick’s Sporting Goods, Ulta Beauty, Ross Dress for Less, Michaels and DSW. Pete Bethea, Rob Ippolito and Glenn Rudy of NKF Capital Markets, in conjunction with Ben Brown of NKF affiliate Newmark Grubb ACRES arranged the transaction on behalf of the undisclosed seller. The buyer, CCA Acquisition Co. LLC, was represented internally.

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