STAG Capital Partners has acquired a 383,000-square-foot industrial park at 500 W. 500 South, Lindon, from GNL Lindon LLC, according to NAI Utah Commercial Real Estate.
Financial terms were not disclosed.
The sale includes four buildings, three of which are occupied by ModusLink and the other by Novell.
STAG, based in Boston, specializes in the acquisition and management of single-tenant net leased properties. This is the company's first Utah purchase.
Consumer confidence
A better hiring outlook and lower gas prices pushed a measure of U.S. consumer confidence to its highest level in four and a half years.
5th iPhone app
Clayton Ward, a 10th-grader from West Jordan,has created five apps for the Apple operating systems.
poorer people charitable
A 2009 study showed the poor give a higher percentage of their income to charity than rich people.
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