CenterSquare Acquires Ogden Commons, Establishing Essential Service Retail Presence in Salt Lake City MSA

May 2024

May 3, 2024 – CenterSquare’s Essential Service Retail (ESR) team is pleased to announce the acquisition of Ogden Commons, a 19,723 sf property located in Ogden, UT. This transaction marks our debut ESR investment within the dynamic Salt Lake City MSA. The Property is strategically situated at the highly trafficked intersection of Wall Avenue and 12th Street, just a 30-minute drive from Salt Lake City, with convenient access to both I-15 and Washington Boulevard. The surrounding community is home to multiple demand drivers, including Weber State University (24,000 students) and Hill Air Force Base (23,000 employees). Furthermore, the shopping center benefits from traffic counts of more than 57,000 vehicles per day thanks to being located along Utah State Route 39 (12th Street), one of the few traffic arterials extending east through the Wasatch Mountains.

The Property is currently 100% leased to a diverse array of national tenants spanning a variety of complementary uses, and each of the three buildings at Ogden Commons includes a wrap-around drive-thru. Ogden Commons represents CenterSquare’s 39th acquisition nationally and strongly embodies our strategy of targeting essential service retail centers strategically located in strong demographic submarkets. With stable tenant occupancy and a vision for long-term growth, this investment underscores our commitment to securing resilient retail centers positioned for continued success.