Salt Lake City–Newmark Grubb ACRES is pleased to announce the sale of the 1811 West 1700 South building in Salt Lake City, Utah to Globus Relief, a non-profit healthcare organization. This facility is approximately 92,831 square feet and is situated on 5.82 acres.
Industrial real estate specialists Skyler Peterson and Jaden Malan of Newmark Grubb ACRES represented the seller, Reser’s Fine Foods Inc., in the transaction. Speaking of the transaction, Peterson said, “I’m glad to see this facility being sold to such a positive organization. The humanitarian efforts behind Globus Relief are remarkable and is a positive reflection of our great State.”
Globus Relief was founded in 1996 with a mission to improve access and delivery of quality healthcare around the globe. As a certified 501(c)3, Globus Relief achieves this mission by gathering, processing, and distributing surplus, trade out, and obsolete medical resources to their network of qualified charity partners. Globus Relief has distributed over $1 billion (fair market value) of supplies to date to more than 800 charities in over 140 countries.