BZI Innovation Park

What BZI Innovation Park does

BZI Innovation Park is an industrial real estate development company headquartered in Cedar City, Utah, that operates an 825-acre business park designed to function as an inland port for manufacturing, distribution, and logistics companies. The park was founded in 2023, broke ground that year, and officially opened in Summer 2025 within the Utah Inland Port Authority's Iron Springs Project Area. Its infrastructure includes rail-served transload services, shovel-ready industrial sites ranging from 5 to 500 acres, pre-installed utilities (fiber, water, electrical, natural gas, high-pressure gas), and three development phases encompassing 463 acres of heavy industrial, 245 acres of light industrial, and 55 acres of residential zoning. The company targets national and global enterprises seeking Mountain West logistics access, with 2-3 hour direct truck reach to Salt Lake City and Las Vegas, and has signed enterprise tenants including Iron Depot (first permanent tenant) and Totten Tubes (move-in Q2 2026, establishing its sixth U.S. location).

The business model is built on three revenue streams: recurring industrial real estate leases (exemplified by the Totten Tubes and Iron Depot leases in the Nautilus 1 building), one-time build-to-suit and land purchase transactions for 5-to-500-acre sites, and managed rail transload services for North American freight movement. The park currently houses five business entities and reports over 1,000 jobs created and $120 million+ in projected tax revenue for Southern Utah. Go-to-market is direct-to-enterprise through field leasing relationships and regional economic development events, with BZI's Chief Marketing Officer Spencer Douglas leading external positioning. BZI Innovation Park operates as a wholly owned subsidiary of BZI, which also controls Building Zone Industries, BZI Steel, and InnovaTech.

Pricing is not publicly disclosed; build-to-suit and purchase options are available alongside traditional leases, with economic incentives potentially accessible to qualifying businesses. The company is privately held (BZI Innovation Park, LLC, a Utah LLC) with 1-10 direct employees, no public funding rounds disclosed, and a strategic partnership with the Utah Inland Port Authority formalizing its inland port designation. The core technology is physical infrastructure rather than software, and the product portfolio centers on the 825-acre campus, the Nautilus 1 building, rail transload services, and phased site development.

Name

BZI Innovation Park

Legal name

BZI Innovation Park, LLC

Website

https://bziinnovationpark.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

BZI Innovation Park is an 825-acre industrial real estate development and inland port in Cedar City, Utah, offering rail-served industrial sites, build-to-suit facilities, and commercial buildings to manufacturing, distribution, and logistics companies in the Mountain West.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Development

NAICS

Industrial Building Construction (23621)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Industrial Land & Build-to-Suit Site Brokerage (BPAJACAJ)

akta.pro secondary industry

Industrial Park Owners Association Management (BPAJAHAH)

Keywords

• Industrial real estate development
• Rail transload services
• Inland port logistics
• Industrial park leasing
• Build-to-suit sites

Headquarters

HQ city

Cedar City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Industrial Real Estate Leases: The park generates revenue by leasing space to tenants in its industrial buildings such as Nautilus 1. Totten Tubes signed a lease for the Nautilus 1 building in Cedar City.
2. Build-to-Suit and Purchase Options: The park offers build-to-suit or purchase options for 5-acre to 500-acre sites, generating revenue from real estate sales and development agreements.
3. Rail Transload Services: Rail-served transload services for streamlined transportation of materials and goods throughout North America, providing an additional service-based revenue stream.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

BZI Innovation Park operates an 825-acre state-of-the-art industrial business park in Cedar City, Utah, functioning as one of Utah's newest inland ports. It develops and leases industrial sites ranging from 5 to 500 acres, offers build-to-suit and purchase options across multiple phases, and provides rail-served transload services for the streamlined movement of materials and goods throughout North America.

Product overview

BZI Innovation Park operates as a single unified industrial real estate development offering centered on its 825-acre Cedar City, Utah facility. The portfolio consists of the core Innovation Park platform providing industrial sites and infrastructure, complemented by the Nautilus 1 Building for commercial tenants, Rail Transload Services for North American logistics, and Industrial Site Development with build-to-suit or purchase options across Phase 1-3 zones. The park functions as an inland port within the Utah Inland Port Authority's Iron Springs Project Area, currently housing five business entities including Iron Depot and Totten Tubes.

Differentiator

Problem solved

Functional benefit

Products and services

• BZI Innovation Park An 825-acre state-of-the-art industrial business park in Cedar City, Utah, designed as an inland port for national and global companies. The park offers industrial sites from 5 to 500 acres with rail transload services, utility infrastructure (fiber, water, electrical, natural gas), and build-to-suit or purchase options for tenants.
• Nautilus 1 Building A commercial building within BZI Innovation Park that houses tenants such as Iron Depot and Totten Tubes. Located at the Cedar City, Utah industrial hub with move-in capabilities.
• Rail Transload Services Rail-served transportation services enabling streamlined movement of materials and goods throughout North America, supporting tenant supply chain and distribution operations at the Cedar City inland port.
• Industrial Site Development Build-to-suit and purchase options for industrial sites ranging from 5 acres to 500 acres, with Phase 1 (shovel-ready), Phase 2, and Phase 3 available, including heavy industrial (463 AC), light industrial (245 AC), and residential (55 AC) zones.

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core and minor.

• Utah Inland Port AuthoritycoreStrategic or Co-development Partner · 15 January 2026BZI Innovation Park is positioned within the Utah Inland Port Authority's Iron Springs Project Area. The partnership provides the park with official inland port designation and associated infrastructure support and regulatory alignment for serving national and global companies as an inland port hub.
• VISCOminorStrategic or Co-development PartnerVISCO participated alongside BZI Innovation Park in the What's Up Down South economic event panel discussion on the park's positive impact on the regional economy.
• Totten Tubes, Inc.minorOthersTotten Tubes signed a tenant lease for space in the Nautilus 1 building at BZI Innovation Park's Cedar City hub. The company, a leading national steel tubing distributor and processor, will establish its sixth location at the park (move-in expected in 2Q 2026). The lease is aimed at strengthening Totten Tubes' West Coast and Mountain West presence, expanding distribution capacity, and improving supply chain reliability for regional customers.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• STAG Industrial: Industrial REIT that owns and operates single- and multi-tenant industrial properties across the U.S. Comparable because it leases industrial space to a diverse base of manufacturing and distribution tenants with similar long-duration lease economics.
• Terreno Realty Corporation: Industrial REIT that acquires, develops, and operates industrial real estate in six major U.S. coastal markets. Comparable because it focuses on infill and last-mile distribution properties leased to similar enterprise industrial tenants.
• First Industrial Realty Trust: U.S. industrial REIT focused on light industrial and bulk distribution properties. Comparable because it leases industrial space to manufacturing, distribution, and logistics tenants in a build-to-suit and park-style operating model.
• EastGroup Properties: Industrial REIT developing and leasing multi-tenant business distribution parks in Sunbelt markets. Closely comparable to BZI's multi-tenant industrial park format with similar customer mix (distribution and light industrial).
• Rexford Industrial Realty: Industrial REIT focused on Southern California infill industrial properties. Comparable as a developer/landlord targeting distribution and logistics tenants in supply-constrained industrial submarkets.
• Prologis: Global industrial REIT and the largest owner/developer of logistics and industrial real estate. Directly comparable as it leases modern industrial facilities and inland distribution campuses to enterprise manufacturing and distribution tenants globally.
• Panattoni Development Company: One of the largest privately held industrial real estate developers in the U.S., active in build-to-suit speculative development. Directly comparable in build-to-suit industrial park development and tenant relationships.
• CenterPoint Properties: Developer of industrial real estate concentrated around the Port of LA/Long Beach with multimodal rail and port access. Closely comparable because it pairs inland port/rail-served industrial parks with build-to-suit leasing for distribution tenants.

Emerging players

• Portman Holdings: Real estate developer focused on industrial, logistics, and mixed-use projects with rail and port adjacencies. Comparable because it develops industrial and logistics campuses built around transportation infrastructure, though it operates more internationally.

Broad incumbents

• Hillwood: Real estate developer owned by the Perot family; develops large master-planned industrial and mixed-use projects including AllianceTexas. Comparable as a master-planned industrial park developer with rail and logistics infrastructure, but at materially larger scale and broader portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bzi-innovation-park

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BZI Innovation Park