The Northpoint Innovation Park industrial development in Salt Lake City has reached a key milestone this week with the securing of financing to advance construction and infrastructure work. The project covers 94.51 acres and marks an important move toward full build-out of this master-planned industrial park.

Located at 3200 N 2200 W, the site represents one of the final major industrial land opportunities in the city’s Northwest Quadrant, adjacent to Salt Lake City International Airport and minutes from downtown.

The development will deliver 15 pad-ready sites tailored for smaller industrial users, including front-park and rear-load sites roughly 7–10 acres in size, as well as smaller parcels for outdoor storage or ancillary industrial use. The financing incorporates municipal bonds to fund roads, utilities, and off-site connections, enabling site preparation ahead of vertical construction.

Strategically positioned within a tight industrial market, where the Northwest Quadrant accounts for the majority of Salt Lake City’s industrial inventory, Northpoint Innovation Park is expected to attract a wide range of industrial users upon completion of site work and delivery of build-ready pads.

Funding

The financing was secured by a Utah-based community bank on behalf of the project’s joint-venture sponsors, OCC Industrial and Xcel Development, who are leading entitlement, land planning, and development strategy ahead of construction. With this financial close, the project moves toward significant horizontal improvements that will unlock each pad for industrial construction, underscoring continued momentum in U.S. logistics and industrial development markets.

Similar to the Antelope Valley Commerce Center in Palmdale, California, Northpoint Innovation Park is part of a growing wave of master-planned industrial developments reshaping regional logistics markets. The Antelope Valley Commerce Center spans approximately 510 acres. And is approved for up to 9.4M square feet of industrial space, including facilities up to 2M square feet in a single building. Designed to support logistics, e-commerce, and advanced manufacturing, AVCC demonstrates how strategic site planning, modern infrastructure, and access to transportation hubs can create opportunities for multiple tenants and long-term economic growth. Linking to AVCC provides context for readers on the scale and potential of projects like Northpoint Innovation Park.

Northpoint Innovation Park – Fact Sheet

Location: Salt Lake City, Utah, USA
Project Type: Industrial / Logistics / Manufacturing
Status (April 7–8, 2026): Financing secured; construction phase enabled
Site Area: 94.51 acres
Components: 15 pad-ready sites for industrial users
Development: Phased horizontal improvements and infrastructure installation

Key Construction Features

• Front-park and rear-load industrial sites
• Parcel sizes from ~7–10 acres, plus smaller parcels for storage
• Road, utility, and off-site infrastructure included in financing
• Pads delivered ready for tenant build-out

Project Team

• OCC Industrial: Joint-venture sponsor; development management
• Xcel Development: Joint-venture sponsor; entitlement and planning lead
• City of Salt Lake City: Lead public agency overseeing approvals
• JLL Capital Markets: Financing advisory and capital placement

Project Significance

• One of the Northwest Quadrant’s largest remaining industrial land opportunities
• Supports logistics, manufacturing, and e-commerce users
• Expands Salt Lake City’s industrial capacity in a tight market

 Next Phase

• Horizontal site preparation and grading
• Utility and road infrastructure installation
• Delivery of pad-ready sites for industrial tenants
• Leasing and vertical construction