east gate business park - loopnet...east gate business park 37 east 00 south, suite 120 l salt lake...

BILL [email protected]

PREPARED BY: DEVELOPED BY:

EAST GATEBUSINESS PARK

EAST GATE BUSINESS PARK

376 East 400 South, Suite 120 l Salt Lake City, Utah 84111 l 801.578.5555 l www.ngacres.com

2

TABLE OF CONTENTS

EXECUTIVE SUMMARY

DEVELOPMENT TEAM

RENDERINGS & SITE PLAN

EAST GATE CONCEPT & GENERAL PLAN

SITE AERIAL

AREA MAP

JL PROPERTIES

AGENT PROFILE

AREA INFORMATION



3

EXECUTIVE SUMMARY

The “East Gate Business Park” is a LEED certified, class A business park located in Layton, Utah. Developers, JL Properties, support Layton City’s vision of attracting aerospace, advanced composites, defense industries, and data centers to this premier business park. We are capable of developing office, industrial, research, and/or data centers within the park

The 90+ acre site is the cornerstone of the 600 acre East Gate Development. The property is immediately adjacent to the east gate entrance of Hill Air Force Base which is Utah’s largest employer, providing jobs for more than 23,000 military and civilian personnel.

“East Gate Business Park” is ideally located in the heart of northern Utah with easy access to Salt Lake City, Ogden, and interstate connections to all neighboring states.

“East Gate Business Park” is located immediately east of HAFB in northern Davis county. When required, contractors located within the development will have access to and from HAFB by means of the new east gate.

Close proximity and easy access to I-15, I-84 and I-80 make this location ideal for all prospective tenants.

• 20,000 - 1,000,000 SF

• Class A Business Park

• LEED Certified Development

• 30 min. from Salt Lake International Airport

OVERVIEW

LOCATION

HIGHLIGHTS



4

DEVELOPER

ARCHITECTURAL ENGINEERS

CIVIL ENGINEERING, INC.

GENERAL CONTRACTOR

MARKETING TEAM

Over the Company’s 19-year history, JL Properties has grown and managed a portfolio owned by affiliated entities with a market value in excess of one billion dollars. In the last 8 years JL has successfully undertaken new project development involving over $700 million in construction activity.

GSBS Architects have been at the forefront of sustainable design for more than three decades. They became a leader in LEED certified design by designing the Utah Olympic Speed Skating Oval, which was one of the first 13 buildings worldwide designated as LEED-

certified (Leadership in Energy and Environmental Design) by the United States Green Building Council.

Great Basin Engineering, Inc. is a highly respected consulting civil engineering firm headquartered in Ogden, Ut with over Fifty years experience, specializing in land use planning and government relations consulting.

Big D Construction was founded in 1967 through the superior leadership of Dee Livingood. They have six(6) offices in the western United States and are licensed in 21 States employing over 650 individuals. Decades of experience allow them to guarantee the best value, delivery, and quality— each and every time.

Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. NGKF provides comprehensive real estate solutions to clients across the globe as

well as on a local, regional and national level with 300 offices in 42 countries throughout the world.

DEVELOPMENT TEAM



5

RENDERINGS

FAIRFIELD ROAD

Sun HillsGolf Course

Hill Air ForceGolf Course

Hill Air Force Base

HAFBEast Gate



6

RENDERINGS

FAIRFIELD ROAD



HAFBEast Gate



7

SITE PLAN35

00 N

ORT

H

FAIRFIELD ROAD

HAFBEast Gate

Inaugural tenant

PRELIMINARY CONCEPT

Founded and run by engineers, Janicki Industries designs and builds high-precision tooling for aerospace, marine, wind energy and transportation customers. Our R&D lab continuously pushes the boundaries of composite fabrication materials and techniques. Customer-needs drive this process. Our proprietary 5-axis CNC machines are unrivaled in scale and precision, with machining envelopes up to 100 feet in length. A full-service engineering company, we specialize in large complex projects with demanding timelines. Using enterprise project management software, we provide customers real-time information regarding project resources, timelines and costs.

The Janicki/NU Warehouse building was awarded these honors for outstanding construction and design:

Industrial Building ($0 - $25M)Project of the Year 2011

Design-Build Merit Award 2011Rocky Mountain Region

2011 Excellence in ConstructionIndustrial over $5M

Associated General Contractors



8

EAST GATE DEVELOPMENT

Hill Air Force Base (HAFB) has been a crucial component of Utah’s economy for over half a century. As Utah’s largest employer, HAFB has provided jobs both on Base and through numerous contractors. Layton City is very fortunate to have a strong relationship and common borders with HAFB.

To support the Base Layton City is planning an Industrial/Business Park adjacent to the east border of HAFB. To facilitate this development, HAFB has constructed a new east gate allowing contractors direct access to and from HAFB.

The City has recently installed infrastructure and public utilities on the East Gate site to facilitate development. The City will install more infrastructure and public utilities as needed for future developments. The East Gate site is accommodating and can house a wide variety of industries. This development is zoned to allow HAFB contractors the location and flexibility needed to maximize efficiency.

The East Gate site is located in the heart of northern Utah. The area is easily accessible as it is located near four major Interstate Highways (I-15, I-80, I-84 and Highway 89). The site has direct access to both Ogden and Salt Lake City. Interstate 80 is a major trucking route that provides straight access to Colorado, Wyoming, Nevada and Idaho. The site is also located near other transportation means, including railroad lines, and is just thirty minutes from the Salt Lake International Airport.

There is approximately 600 acres of developable land at the East Gate site. The natural environment of the development is picturesque with beautiful rolling hills surrounding an 18-hole golf course. The East Gate site is located at the base of the Wasatch mountains, and overlooks the Layton valley and the Great Salt Lake.

Source: Layton City Website: http://www.laytoncity.org



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CONCEPTUAL LAND USE PLAN

August 2009Conceptual Land-use Plan

N

6003000Feet

150

East Gate Business Park

Legend

Retail

Hotel

Offi ce

Manufacturing

Flex Space (Manufacturing)

R&D

Multi-family Residential

Open Space

Park Space

Right of Way

Parking

Alley

Trail

Entry Feature

Business Center

JL Properties

80’ R/W

Future Warehouse

Existing Residential



Future Business Park Expansion Phase II


Landfi ll

Hgwy 193

Offi ce Enclave

Residential Area

WasatchIntegrated WMD

60’ R/W

Restaurants

Hgwy 193

Hotel

R&DChurch

Future Sun Hills Golf Course Site

Future Business Park Expansion Phase I

SITE

East GateBusiness Park

Fairfield Road Entry Perspective

1919East Gate Presentation

July 14, 2009

East GateBusiness Park

Existing Road

August 2009Conceptual Land-use Plan

N

6003000Feet

150

East Gate Business Park

Legend

Retail

Hotel

Offi ce

Manufacturing

Flex Space (Manufacturing)

R&D

Multi-family Residential

Open Space

Park Space

Right of Way

Parking

Alley

Trail

Entry Feature

Business Center

JL Properties

80’ R/W

Future Warehouse




Future Business Park Expansion Phase II


Landfi ll

Hgwy 193

Offi ce Enclave

Residential Area

WasatchIntegrated WMD

60’ R/W

Restaurants

Hgwy 193

Hotel

R&DChurch

Future Sun Hills Golf Course Site

Future Business Park Expansion Phase I



10

SITE AERIAL

FreeportDistr ibution

Center

Hil l Air Force Base Hil l Air ForceGolf Course

East GateDevelopment

For

t L

ane

Ha r

r is o

n B

ou

lev a

r d

Gordon Avenue

Riverdale Ro ad

4000 South

Ada

ms A ve

nue

Pa r

kwa y

300 North

Main Street

Antelope Drive

5600 South

220 0

We s

t

1900

Wes

t

S ta te St reet

1700 South

Sou t h W eber Drive

Was

hin

gto

n B

oul

evar

d

Mai

n S

t ree

t

Fa i

rfie

l d R

oad

193 193

84

15

tu89

0 1 2Miles

East Gate Business ParkLayton | Utah

Bill Nicoloff

N

Creating and preserving real estate values.Creating and preserving real estate values.Creating and preserving real estate values.Creating and preserving real estate values.TMTMTMTM

The above information while not guaranteed has been secured from sources deemed reliable

7/13/2009 p\Basic Map.mxdAerial Imagery Courtesy of DigitalGlobe Image Date: July 2008

748 West Heritage Park Boulevard, Suite 204 | Layton, UT 84041 | Office 801.927.2000 | Fax 801.416.1020

Commercial Real Estate Services,Worldwide.

Utah

N

HAFBEast Gate



11

AREA MAP

SITE

SLCInt. Airport

N



12

JL PROPERTIES: DEVELOPER

JL was formed in 1990 by the two current principals, Jonathan Rubini and Leonard Hyde. Today, Mr. Rubini and Mr. Hyde are supported by an experienced JL staff,

which includes property managers, building engineers and a sophisticated system of fiscal control and management. Over the Company’s 19-year history, JL has grown and managed a portfolio owned by affiliated entities with a market value in excess of one billion dollars.

At its inception, JL focused on the acquisition of distressed Alaska real estate assets. Alaska at that time was suffering through a deep economic shock, and many real estate assets were under extreme economic pressure. Alaska has also historically been characterized by the limited pool and availability of private equity. In that environment, JL forged alliances with non-traditional sources of capital, including many Alaska Native Corporations. JL also focused on real estate assets with unique legal or operational impediments. Many of these acquisitions remain in the JL portfolio, and we continue to enjoy and expand our relationship with our early partners.

Today, JL finds itself as the largest and most active real estate development and management firm in Alaska. JL continues to look for acquisition opportunities, particularly those with unique challenges. While the bulk of JL’s portfolio is in Anchorage, JL recently expanded its acquisition strategies into Salt Lake City, Utah and New Mexico, where we have participated in eight opportunities where distressed assets were successfully repositioned.

Over the past 8 years JL has, together with affiliates, successfully undertaken new project development. JL-affiliates typically own the real estate assets, which JL develops. During that period, JL developments have involved over $700 million in construction activity. JL has developed 8 office buildings, totaling over 1,000,000 sq. ft. of Class A office space. In addition, JL has developed over 1200 military housing units.

We approach development opportunities with a unique blend of entrepreneurial risk and conservativism. We are aggressive in identifying and creating development opportunities; we do not begin construction, however, until much of the development risk is resolved. In almost all instances, we work with a team of design and construct firms selected for their strength and expertise in their respective disciplines. Our projects are typically fully leased before construction begins, in several instances to governmental entities in response to public procurements.

Source: http://jlproperties.com

JL Tower in Anchorage, AlaskaFIRM HISTORY

www.ngacres.com

1755 East 1450 South Ste. 100 | Clearfield, UT 84015Office 801.927.2000 | Fax 801.416.1020

Bill Nicoloff is a managing partner and one of the founders of the Newmark Grubb Acres Northern Utah Office.

Bill joined Newmark Grubb Acres after starting his commercial real estate career with Smoot Commercial Brokers in Centerville, Utah. Completing over 500 transactions, Bill has proven himself to consistently be one of the top producing agents within the ACRES Corporation and throughout Northern Utah. His extensive knowledge of the marketplace and meticulous attention to detail has allowed Bill to excel among his peers in the industry and to gain the respect of national and local clientele.

Whether marketing listings or representing buyers and tenants, Bill serves his clients by taking ownership of the transaction process. His extensive personal network consists of tenants, landlords, developers, general contractors, sub contractors, appraisers, bankers, and investors alike, bringing him invaluable resources to meet his clients needs.

Prior to his commercial real estate career Bill worked successfully for six years as an Outside Sales Representative in the steel industry. His clientele consisted of prestigious corporations such as United States Steel (USX), Bethlehem Steel, National Steel, LTV Steel, AMSTED Corporation, Union Tank Car, GATX, ELKAY Corporation, and EJ&E Railroad. Before Stepping into the Sales Arena Bill was a plant manager in charge of a 50,000 square foot manufacturing and distribution plant.

When leaving the Steel Industry to pursue his commercial real estate career, Chris Vangel, CEO of Steel City Corporation, noted in Bill’s letter of recommendation:

“Bill is one of my most valued employees. He is self motivated, eager to succeed, and has a natural talent for sales. Above all, though, is the fact that I trust him implicitly. Bill will be sorely missed here.”

Bill NicoloffPrincipal

Phone: 801.927.2000 [email protected]

Contact:

Apria Health CareArincBoyd CoffeeCargo Master Trucking Co.FastenalGeneral AtomicsHome Oxygen Inc.IHOP International Commerce Exchange

Janicki IndustriesLesco Inc.Lincare Inc.Northrup GrummanPaul Davis RestorationSaicUS Express Trucking CompanyUS FoodserviceWells Fargo Bank

National Clients:

Purdue University: BS Major in Business Management & AdministrationCurrently pursuing CCIM designation Currently pursuing SIOR designation

Education & CredentialsAlder ElectricAround The BlockAutocraftersBaer Canyon DevelopmentBonneville BuildersClarediClifco Metal ManufacturingClip Co.Davis County Food BankDavis County School DistrictFreeport WestHorsley & CompanyInterwest ConstructionJanisan Inc.

Karen Foster DesignKeir CorporationKenco DrywallN&S DevelopmentParadigm CommunicationsRBH SoundSalmon HvacSecurity InvestmentsUS DevelopmentUtah StateYusef Manufacturing

Local Clients:



14

Hill Air Force Base (Hill AFB) has played a prominent and important role in the development of Davis County’s economic base for more than half a century. As the state and the county’s leading employer, Hill provides jobs for more than 22,000 military and civilian personnel, including people directly employed at the base, civilian contractors, and various other tenant organizations located on the base. In addition to the salaries paid to the military and civilian force, Hill AFB spends almost $1.0 billion annually for construction and purchases of various goods and services.

Hill AFB is an Air Force Materiel Command base of the U.S. Air Force. In its current configuration, Hill AFB covers almost 6,700 acres, spanning two counties (Davis County and Weber County, with the largest portion of the base located in Davis).

Hill AFB began as a 3,000 acre supply and maintenance depot officially opened in November 1940 and officially named Hill Field in honor of Major Ployer T. Hill.1,2

With the onset of World War II, the depot was elevated to command status and employment at the depot grew to nearly 22,000, some 15,780 civilians and 6,000 military personnel. In 1948 Hill Field became Hill Air Force Base.3

The Base experienced consolidation following WWII, until the outbreak of hostilities in Korea in 1950. During the Korean Conflict, employment at the base reached almost 16,000 people in 1952. Following the Korean Conflict, the depot’s maintenance production lines continued work on jet aircraft such as the F-84, F-89, F-101, and F-102, and employment at the depot stabilized at around 12,000 people.4

In 1955, the Ogden Arsenal was combined with Hill Field, doubling the size of the base to about 6,700 acres. Starting in1959, the depot became the logistics manager for the Minuteman Intercontinental Ballistic Missile as well as management and maintenance of the F-101 “Voodoo” and F-4 “Phantom” fighter aircraft.

As Utah became a major player in the missile industry, Hill took on a new profile gaining the, maintenance responsibilities for the F-16 “Fighting Falcon In the mid-1970s.”5

1. Hill Air Force Base History, available at: www.hill.af.mil/main/library/history.2. Leonard, Glen M. A History of Davis County. Utah State Historical Society (1999).3. ibid.4. Arrington, Leonard and George Jensen. “The Defense Industry of Utah.” Utah State Planning Program Economic and Population Studies (February 1965).

HILLS AIR FORCE BASE

HISTORICAL OVERVIEW



15

HILLS AIR FORCE BASE CONTINUED

OUTLOOK

Hill AFB escaped closure under the current recommendations of the Base Closure and Realignment Commission. In addition to BRAC’s decision to keep Hill open, the base has received several assignments that have expanded its role in the Air Force. Those assignments include upgrading all 356 A-10 Thunderbolt aircraft, and maintenance for the C-17 Globemaster III aircraft. On July 15th 2009 Hill AFB officially received the award for maintenance of two Unmanned Aerial Vehicles (UAV’s), as well as the RQ-4A Global Hawk. In September 2010 the first 70,000 SF facility was opened with a second under construction designated for maintenance on the new F-22A Raptor, which will eventually replace the F-15. The expanded assignments at Hill AFB will ensure the base’s viability well into the future.

PROPOSED EAST SIDE MASTER PLANF-22A AND UAV MAINTENANCE FACILITIES



16

LAYTON CITY

Layton City is located centrally between Ogden to the North and Salt Lake City to the South. The natural geography of the community is diverse, stretching from the base of the Wasatch Mountains to the shores of the Great Salt Lake. The landscape is picturesque with both mountain and valley views. Layton City is the largest City in Davis County and the 7th largest City in Utah.

The Layton City economy offers businesses the flexibility needed to grow at their distinctive pace. Layton boasts well-planned industrial areas, unparalleled retail centers, accessible office space and a border with Hill Air Force Base. The City also has a sturdy, well-educated and diverse work force that will fit the many needs of any business.

The Layton Community offers a high quality of life. The City is located within a short drive of several world class ski resorts. The City also has several retail centers and almost every national retailer and restaurant.

Hill Air Force Base (HAFB) has been a crucial component of Utah’s economy for over half a century. As Utah’s largest employer, HAFB has provided jobs both on Base and through numerous contractors in the surrounding communities. Layton City is very fortunate to have a strong relationship and common borders with HAFB.

To support the Base and provide family sustaining jobs for our community, Layton City has been a driving force behind the new East Gate Industrial/Business Park. To facilitate this development, HAFB has constructed a new east gate. The new east gate will allow contractors direct access to and from HAFB. The City has recently installed infrastructure and public utilities for the East Gate site to facilitate development. In October, 2007 the Layton City Council adopted the East Gate Economic Development Project Area. This designation allows the City to use Tax Increment Financing to facilitate development.

LAYTON CITY QUICK FACTSPOPULATION 70,000 (2009)

LAND AREA 28.14 Sq Mi

AVG. AGE 26

Davis Conference Center



17

DAVIS COUNTY

Davis County is Utah’s smallest county in land area. It is a narrow strip of land only 223 square miles on the shore of the Great Salt Lake but it is the third largest county in population. An estimated 248,000 residents live in the County’s fifteen communities. This area offers some of northern Utah’s most popular attractions, including the Great Salt Lake, Lagoon Amusement Park, Cherry Hill Campground and Waterpark, and direct access to Antelope Island State Park.

The establishment of Hill Air Force Base in northern Davis County and other defense installations nearby created a surge of civilian employment. Hill AFB quickly became and remains the state’s largest employer. Diversification brought rapid post-war growth. By 1990 the population had reached 188,000 and the 2000 census recorded 238,994. Being the fastest growing of the four major urban communities along the Wasatch Front, Davis County is projected to build out with a population of about 360,000 by the year 2030.

Davis County now enjoys a wide mix of people representing many ethnic, cultural, and religious backgrounds. The communications age has tied Davis County to the world. Its citizens today are part of an economic and social pattern that reaches far beyond the County’s tiny geographical limits.

Today, many nationally known commercial, industrial, recreational, and service companies provide diversified employment opportunities for residents of Northern Utah. The Freeport Center is the largest distribution center in the United States with more than nine million square feet of covered storage and five million square feet of open storage occupied by more than 125 nationally renowned companies.

Source: Davis County, Utah

Antelope Island Bison Herd

7015

80

84

21580

15

80

201

tu40

St. George

Provo!!

Salt Lake City[

Ogden!!

!!

Great Salt

Lake

Lake Powell

UtahLake

DAVISCOUNTY



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July 2009 July 2009

63,400 66,100

223,300266,000

610,400

MSA Labor Force Size

9.8%

16.7%

7.8%

8.5%

16.4%

12.3%

11.2%

8.3%

4.0%

6.6.0%

0%

1 %

%

1 0%

%

%

Age Range Demographics

8.8.

0.00.0

12.012.0

4.4.

16.016.0

18.018.0

0 -

4

5 -

14

15 -

19

20 -

24

25 -

34

35

-4

4

45

-5

4

55

-6

4

U.S. NM NV ID

CO CA AZ UTAH

250.9

212.1

164.3148.7

126.9

116.0

94.473.4

31.8 11.8Industry Breakdown (#'s in 1,000's)

Trade-Trans-Util GovernmentProf & Bus Svc Edu & Health

63,400 66,100

223,300266,000

610,400

MSA Labor Force Size

9.8%

16.7%

7.8%

8.5%

16.4%

12.3%

11.2%

8.3%

%

0%

0%

1 %

%

1 0%

%

%

0 -

4

5 -

14

15 -

19

20 -

24

25 -

34

35

-4

4

45

-5

4

55

-6

4

Age Range Demographics

4.0

Utah Workforce Overview Key Demographics With a young and growing workforce, Utah is an excellent state of relocate and expand a business!

• 3rd fastest growing population! • Youngest state; Median age – 29.0 • Largest households & highest birthrates • Average turnover rate = 1.4%

U.S. NM NV ID

CO CA AZ UTAH

Source: Decision Data Resources (2008)

Educated Labor Force Utah residents are highly educated, often ranking higher than the nation and surrounding western states.

250.9

212.1

164.3148.7

126.9

116.0

94.473.4

31.8 11.8Industry Breakdown (#'s in 1,000's)

• 20% of the population in grades K-12! • 91% with a high school diploma • 29% with a college degree

Trade-Trans-Util GovernmentProf & Bus Svc Edu & HealthManufacturing Leisure & HospitalityConstruction Financial ActivitiesInformation Mining & Nat. Resources

90.8%

88.5% 88.0%

85.1% 84.7% 84.7%

82.3%81.1%

UTAH CO ID United States

AZ NV NM CA

Education Attainment - High School Diploma*

*Note: Data provided for population age 25+. Source: Decision Data Resources (2008)

Labor Force Size Utah’s civilian labor force size is 1,377,500, as of January 2009.

• 80% of Utah’s total labor pool resides along the Wasatch Front

Source: Bureau of Labor Statistics (July 2009)

Labor Force by Industry Utah’s economic cluster initiative works to create sustainable advantages around seven emerging sectors: 1) aerospace/aviation, 2) defense/homeland security, 3) energy/natural resources, 4) financial services, 5) life sciences, 6) software development/IT, and 7) outdoor products and recreation. Utah’s total current labor force is divided into ten primary industries.

Source: Utah Department of Workforce Services (June 2009)



19

5.4%6.5%

7.6% 7.8% 8.2%9.5%

11.3% 11.5%

UTAH NM CO ID AZ United States

NV CA

State Unemployment Rates

1.1% 1.5

%

1.5%

1.3%

0.8

%

2.8

%

4.1%

4.8

%

4.5

%

3.2

%

2004 2005 2006 2007 2008

Job Growth

U.S. UTAH5

.8% 7.1%

7.2% 8.0

%

8.8

%

12.4

%

16.7

%

18.4

%

U

Job Growth Utah consistently outperforms the nation in overall job growth and continues to attract business development. Utah’s workforce is well-known for its strong work ethic. Overall, Utah has a 1.4% turnover rate.

• Utah one of few states projected to have full recovery by 2011 (IHS Global Insight)

TAH ID NM CO AZ United States NV CA

Union Membership

Source: Governor’s Office of Planning & Budget

Unemployment Rates Utah maintains a low unemployment rate compared to the nation and surrounding western states.

Utah’s metro area unemployment rates:

• Logan = 4.1% • Ogden/Clearfield = 5.2% • Provo/Orem = 4.8% • Salt Lake City = 5.2% • St. George = 6.7%


Unionization Utah is a right-to-work state and has an extremely low union member affiliation.

• 10th lowest in the nation with 5.8% union membership


Foreign Language Skill Set Utah has an unmatched number of bilingual residents of all ages. The great number of Utah foreign language speakers is far beyond expectations for a state without seaports or close proximity to other countries. Here are some key facts about Utah’s residents:

• Collectively, Utah residents speak 90% of the world’s written languages

• 60% of public school students study a foreign language

• 80+ language courses are offered to Brigham Young University students

• 77% of Brigham Young University students speak a second language and 47% lived outside the U.S. for 1+ years

• 180 languages are spoken by University of Utah students

201 S. Main St., Suite 2150 Salt Lake City, Utah 84111 801-328-8824 www.edcutah.org

east gate business park - loopnet...east gate business park 37 east 00 south, suite 120 l salt lake...

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