Sunset Ridge Development Partners Breaks Ground on New Falcon Hill Facility at Hill Air Force Base
- Falcon Hill National Aerospace Research Park Is A 550-Acre Private Development Strategically Located At Hill Air Force Base In Layton, Utah
- Woodbury Corporation And Hunt Companies Have Partnered Under the Name Sunset Ridge Development Partners to Build Commercial Property Both On And Off Base
- New 75,000 Square-Foot Office Building is Expected to House Up to 500 New Jobs
SALT LAKE CITY (December 2, 2016) – Sunset Ridge Development Partners (Sunset Ridge), a partnership between Woodbury Corporation and Hunt Companies, broke ground today on a new 75,000 square-foot facility at the Falcon Hill National Aerospace Research Park (Falcon Hill) located at Hill Air Force Base. Once it’s completed, the new facility will be leased by defense contractor Lockheed Martin and other tenants, and is expected to bring up to 500 new jobs into Utah.
“The Falcon Hill project is a leading example of unprecedented partnerships making a difference in Utah communities,” said Utah Governor Gary R. Herbert. “We welcome Lockheed Martin’s expansion at Falcon Hill and the potential it will bring to attract additional high-paying jobs to our state.”
This new office building is Sunset Ridge’s sixth major development as part of the 550-acre Enhanced Use Lease (EUL) project at Falcon Hill – one of the largest of its kind in the Department of Defense. Thanks to this unique public-private partnership, Sunset Ridge has been able to develop commercial property on land owned by Hill Air Force Base, either inside the fence or outside the accessible by the public. The most recently-completed office building, now occupied by Air Force Nuclear Weapons Center’s Intercontinental Ballistic Missile Systems Directorate, opened in December 2014, and a retail facility with a Starbucks Coffee opened in 2015.
“The development opportunities we’ve created as part of this EUL project have been both innovative and exciting,” said E. Taylor Woodbury, chief operating officer at Woodbury Corporation. “We’re doing much more here than just building new structures; we’re helping to prepare Hill Air Force Base for the future, all while bringing in new jobs to the community.”
The next developments for Falcon Hill currently in the pipeline include a 74,000 square-foot software building on base, and a site for the Utah Science Technology and Research initiative just outside the gate.
About Falcon Hill Aerospace Research Park
Falcon Hill National Aerospace Research Park is a 550-acre private development that is strategically located at Hill Air Force Base in Layton, Utah. With both on-base and off-base facilities, Falcon Hill is the result of an unprecedented public-private partnership between the Air Force and Sunset Ridge Development Partners, a joint venture between Woodbury Corporation and the Hunt Companies. Under an Air Force Enhanced Use Leases, this venture allows commercial property to be built on land owned by Hill Air Force Base, either inside the fence or outside the fence and accessible by the public.
About Woodbury Corporation
Founded in 1919, privately-held Woodbury Corporation is one of the oldest and most respected full-service real estate development companies in the Intermountain West. Headquartered in Salt Lake City, Woodbury Corporation owns and manages over 13 million square feet of retail, industrial, hotel, residential, and office buildings across 12 states. Some of these properties include University Place in Orem, Utah, Magic Valley Mall in Twin Falls, Idaho, and several buildings in the Utah State University and University of Utah Research Parks. For more information on Woodbury Corporation’s properties and projects, visit https://live-woodburycorp3.pantheonsite.io.
About Hunt Companies
Founded in 1947, Hunt Companies, Inc. is a holding company that invests in businesses focused in the real estate and infrastructure markets. The activities of Hunt’s affiliates and investees include investment management, mortgage banking, direct lending, loan servicing, asset management, property management, development, construction, consulting and advisory. For more information visit www.huntcompanies.com.
Press Contact
E. Taylor Woodbury
Woodbury Corporation