Colliers brokers a historic Utah land deal in Pleasant Grove
Pleasant Grove— 47.3 acres, located directly adjacent to I-15 in the heart of Utah County, was sold to Baltimore-based St. John Properties. The transaction registers as one of the largest and most significant Utah land deals in state history. Colliers Brandon Fugal and Josh Smith represented the seller, Atrium Hospitality, with Cameron Simonsen and Lori Coburn representing the buyer.
“We are proud to facilitate this historical sale, which ushers in a new phase of high-profile development on I-15,” says Fugal, chairman at Colliers in Utah.
The future planned development will feature upscale retail, Class A office, and other uses as Pleasant Grove and Utah County continue to experience dynamic expansion.
“St. John Properties pulled off a huge and complicated transaction that will benefit the community of Pleasant Grove for years to come,” says Simonsen, EVP at Colliers. “The 47 plus acres are in the center of one of the fastest-growing counties in the United States. We are excited to see Valley Grove evolve and are grateful to be involved in the process.”