Monday, January 18, 2010

LDS Church purchases more Salt Lake real estate

Excerpts of Mormon Church buys 3.7 acres in downtown Salt Lake City, Deseret News
SLH NET, a subsidiary of Salt Lake-based restaurant chain Gastronomy, has sold 3.76 acres of land at the northwest corner of 400 West and North Temple to Property Reserve Inc., a subsidiary of The Church of Jesus Christ of Latter-day Saints.

Financial terms were not disclosed.

The land was purchased as a long-term investment with no immediate plans for development, according to a church-issued statement.

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