$100M N. Logan industrial park aims to be magnet for growth

North Logan (SALT LAKE TRIBUNE) » With the largest commercial development in the history of Cache County well under way, investors are betting on an improving economy to fill it up.

Ryan Reeves is the broker for the $100 million-plus Eagle Creek Industrial Business Park, which recently broke ground at 3100 North and Main Street in this northern Utah community, population 8,149.

San Diego-based Faulkner Development Group is building more than than 50 acres of industrial infrastructure, plus 40 acres of office and commercial retail real estate. It could be finished within five years. Two buildings with 80,000 square feet of industrial space are the first under construction, Reeves said.

"The industrial-product vacancy rate in Cache County is 2.8 percent, the lowest in the state," he said. "We already have 20,000 square feet under contract when construction is finished in September. In the past three years we've had an amazing amount of out-of-town investors coming to Cache County."

Not everyone thinks North Logan is the proper location for such a project.

Utah real estate developer Dell Loy Hansen said today's economy requires complementary, not competing, development. His 115-room Marriott Hotel -- plus shops, a fitness center and the 32,000-square-foot Riverwoods Conference Center and Business Park -- are up and running along on Logan's Main Street.

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