SOURCE: Cushman & Wakefield | Commerce
SAINT GEORGE, UT--(Marketwired - Oct 11, 2013) - Cushman & Wakefield | Commerce (www.comre.com) announced it has negotiated a purchase of the 85,000 square foot Mikohn Gaming & Sign building in Gateway Industrial Park in Hurricane, UT. KPI Concepts, Inc. purchased the building; the Iowa based company plans to service clients in the western United States from this new location.
Travis J. Parry and Tom Callister of Cushman & Wakefield | Commerce represented the Seller, 328 Hurricane. Mike Hillis and Susan Borst, of the Las Vegas office of Commerce, represented KPI.
"This is a great example of not only our international network through Cushman & Wakefield, but also the regional strength of Cushman & Wakefield | Commerce," said Travis Parry, broker for the Southern Utah office of Cushman & Wakefield | Commerce. "Additionally, this successful acquisition, bringing KPI to St. George, demonstrates the strength of working closely with brokers in our other offices."
KPI Concepts designs and manufactures custom wood laminate store fixtures including check stands, service counters, custom cabinets, and optional accessories for national and regional retailers. The mission of KPI Concepts is to offer customers cost-effective, highly functional and durable products designed to meet exact customer needs.
"The breadth of our reach and the cooperation between Cushman & Wakefield | Commerce offices really sets us apart in terms of our ability to bring national and international companies together in Southern Utah and throughout the Western United States," said Tom Callister, broker for the Southern Utah office of Cushman & Wakefield | Commerce.
Scott Hirschi, Economic Development Director for Washington County, also assisted in the process of helping KPI evaluate the employment prospects and amenities the area has to offer. KPI will work with DXATC to provide specific employee training courses. At full capacity KPI will have over 50 employees working at the site.
"We are pleased with our purchase of the Mikohn Gaming & Sign building," said Craig Upton, President of KPI. "Bringing KPI to the West will facilitate our mission to provide efficient and cost-effective fulfillment for our customers."
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About Cushman & Wakefield | Commerce
Cushman & Wakefield | Commerce, an independently owned and operated member of the Cushman & Wakefield Alliance, has been the leading provider of real estate brokerage services for more than 30 years. Headquartered in Salt Lake City, the firm has offices throughout Utah, Nevada, Idaho and Washington. It offers consulting, brokerage, tenant and landlord representation, property and facilities management, and valuation services to corporations, institutions and investors throughout the Intermountain West and Pacific Northwest. For more information, and for property listings, broker information, market category reports and more visit www.comre.com.
About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world's major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries, employing more than 15,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.