NorthPoint Development and The Romney Group broke ground on a more than $1 billion business park in Grantsville, Utah, that will encompass over 19 million square feet upon completion.

The planned Lakeview Business Park will feature warehouse, manufacturing, office and commercial components on more than 1,300 acres. An approximately 400-acre portion of the property will be rail-served.

Construction on the first speculative building totaling 506,930 square feet began in November, with the option to expand to 1 million square feet.

Cushman & Wakefield will provide brokerage services.