TriGate signs lease with Target Corporation at Crossroads of Taylorsville

SALT LAKE CITY, UTAH – TriGate Capital, LLC (“TriGate”) announces the signing of a new lease with Target Corporation at the Crossroads of Taylorsville (“Crossroads”) in Taylorsville, Utah.

“We are thrilled to add Target to our already strong tenant mix at Crossroads.” said John Mearns, Senior Vice President for TriGate.  “The addition of Target solidifies the shopping center’s reputation as a leading regional retail and entertainment hub.”

Crossroads is situated across 61 acres, comprising over 767,338 square feet of buildings fronting Redwood Road, and bounded by Interstate-215 to the south and 5400 to the north. Major tenants include Regal Cinemas, T.J. Maxx, JoAnn Fabrics, Ross Dress For Less, Harmons Grocery, 24 Hour Fitness, PetSmart, Guitar Center and many restaurants and other local and national retail and service tenants.

Over the past four years, TriGate has made significant investments that have improved the tenancy and quality of the property.  In addition to Target, TriGate has brought TJ Maxx, Regal Cinemas, Café Rio, Blaze Pizza and a number of other complementary businesses to the center.  With Target as the new primary anchor, TriGate believes that other high-quality retailers and entertainment uses will be further attracted to the property.

Target will operate in the building formerly occupied by Shopko.  In conjunction with the new lease, TriGate will begin work immediately on interior demolition and façade enhancements.  JAH Realty, L.P. (“JAH Realty”) will oversee this work for TriGate.

Joren Peterson of Landmark Property and Development LLC represented Target on the transaction.  Jeff Norman of JAH Realty and Rich Robins of Colliers represented TriGate.

Crossroads is managed by Newmark Grubb ACRES and leased by the team of Joe Mills, Heather Bogden and Tanner Olson of Legend Partners.