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Colliers Brokers Landmark Pleasant Grove Land Deal

Historic Utah Land Deal  St Johns  NH

St. John Properties purchases 47.3 Acres in the heart of Utah County

Pleasant Grove, UT, August 5, 2022 – 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 land deals in Utah 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,” said 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,” said Simonsen, executive vice president 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.”


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Brandon Fugal

Chairman

Salt Lake City - Millrock

Brandon D. Fugal is a prominent business leader, recognized as a market leader nationwide, previous EY Entrepreneur of the Year – Western Region and Chairman and co-owner of Colliers International in Utah.

Before merging and partnering with Colliers International, Brandon was co-founder and owner of Coldwell Banker Commercial Advisors, where his leadership was critical to the firm being recognized for 14 years in a row as the number one operator internationally with 30 offices in 11 states, and where he was recognized as the #1 agent globally. Colliers International is the number one commercial real estate firm in the Intermountain West, and one of leading commercial real estate firms in the world. Brandon was recently named 2022 CCIM Utah Office Broker of the Year, for which he has been recognized for the majority of the past decade.

Brandon has developed a sterling reputation as a trusted advisor, entrepreneur and business infrastructure expert on a national, regional and localized basis. Recognized as an authority in business, he has been interviewed and featured in numerous publications. In addition to his commercial real estate endeavors, Fugal is an active entrepreneur and investor, co-founding and leading companies including Cypher, Axcend and Texas Growth Fund. His special projects include the development and master planning of 1,250 acres on the North Shore of Oahu, the 512 acre Skinwalker Ranch in Utah, Evermore Park in Pleasant Grove and the 120 acre Thanksgiving Development in Lehi.

A  lifelong  resident of Pleasant Grove, Brandon both attended Utah Valley University (leadership scholarship recipient) and served for a decade on the Utah Valley University Foundation Board. He also serves on the Board of Trustees of the Utah Symphony | Utah Opera, formerly on the Governor’s Economic Council (GEC) and the board of Junior Achievement. Brandon has four children, and he and his wife Kristen are active philanthropists and serve in the community.

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Josh Smith

Vice President

Salt Lake City - Millrock

Josh Smith has emerged as a leader in the commercial real estate industry, having recently been recognized as Utah CCIM Rookie of the Year and as one of the top producers at Colliers International Utah.

 

In partnership with industry leaders Brandon Fugal and Jordan Wall, Josh brings unrivaled experience in the site selection and occupier advisors realm. Notable client engagements have included Solera Holdings, Strala, VASA Fitness, Upwell, Crest Financial, Layton Construction, Insight Global, Interstate National Dealer Services, Sotheby’s International, and Pattern.

 

Launching his first company at age 19, Smith has developed brands with a focus on innovation, customer service, superior design and excellence. His unique perspective as an entrepreneur and business intelligence brings an added dimension and depth to each Occupier Advisors client in as much as he has acted as principal, site selector and manager on numerous dispositions. In his capacity as executive and principal, Josh has navigated every aspect of the facilities planning process relative to numerous locations in some of the most significant real estate projects — managing every detail ranging from complex financial analysis, auditing, contract negotiation and construction management.

 

Bringing a legacy of relationships to Colliers International, Smith developed business expertise at a young age, working in various positions for Smith’s Food & Drug, which was founded by his grandfather, legendary business leader and entrepreneur,
Dee Smith. The same determination, relationship-building skills and commitment to excellence that led his grandfather to establish a Western United States industry powerhouse is manifested in the unique focus and attention to detail demonstrated by Josh on each assignment.

 

Josh and his wife, Erin, collectively are the proud parents of five children and are actively engaged in community service and volunteerism. They are avid fitness enthusiasts and enjoy spending time together being active in the beautiful state of Utah.

 

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Cameron Simonsen

Executive Vice President - Retail & Investment

Salt Lake City - Millrock

Cameron Simonsen began his career in commercial real estate in 2002 when he was hired by Prime Commercial to focus on their retail database. In this position, he learned a great deal about the commercial real estate market throughout the Intermountain West. Cameron obtained his real estate license in 2003 and was hired by CBC Advisors in 2005 before joining Colliers International in 2018.

A large portion of Cameron's business is focused on retail tenant representation. National name retailers and restaurants, such as TJ Maxx, Whole Foods Market,  Buffalo Wild Wings, Dave & Buster’s, Marshalls, HomeGoods, Sierra, True Food Kitchen, The Habit Burger Grill, Blaze Pizza, Shoe Dept., Corner Bakery, Hash House  and Pei Wei, have relied on Cameron to represent them with their site selection in multiple states.

Cameron also represents developers and investors in leasing many of the top shopping centers throughout the Intermountain West. He has been instrumental in leasing properties owned by prominent landlords such as The Boyer Company, PEG Development, Ball Ventures, Wadsworth Development Group, Howland Partners, City Creek Reserve Inc., Liljenquist Properties and Blue Diamond Capital.

Since Cameron started working in the commercial real estate industry, his primary focus has been retail sales and leasing transactions. To date, Cameron has completed transactions in Utah, Idaho, Wyoming, Montana, North Dakota, South Dakota, Nevada and Alaska. His knowledge of markets throughout the West has proven to be invaluable for his clients. Cameron was one of three finalists for the CCIM Retail Broker of the Year in both 2015 and 2017. In addition, Utah Business Magazine named him to their “40 Under 40” list for the State of Utah in 2017. 

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Lori Coburn

Vice President

Salt Lake City - Millrock

Lori launched her career as a real estate professional in 2000 and was quickly recognized as a rising star among over 100 agents. Defining characteristics include an unmatched attention to detail and a work ethic focused on the highest standards of customer service.

Following her initial launch into the business, Lori joined Prime Commercial (which was later acquired by Coldwell Banker Commercial and since Colliers International), working in partnership with Tim Simonsen — one of the top retail specialists in the United States. With an expanded focus that includes being licensed in multiple states, Lori has received numerous awards and is recognized as a trusted advisor with unparalleled dedication to protecting her clients’ interests. This dedication is evidenced by her uncompromising approach to each client’s unique requirements, with constant accountability and follow-through.

With diversified expertise representing both tenants and landlords, Lori has had the privilege of negotiating significant transactions involving Key Bank, Supercuts, H&R Block, O’Reilly Auto Parts, TopGolf, Sally Beauty, CosmoProf, Cafe Zupas, Fed Ex,  Beans & Brews and numerous others. Combining the same tenacity developed in representing tenants, Lori is also recognized as a trusted landlord advisor, representing some of the most significant projects in the Intermountain West. This includes Trolley Square, Draper Peaks and The Terrace at Traverse Mountain, to name a few, representing numerous Landlord’s including The Boyer Company, Amsource, Four Square Properties, Red Mountain Retail Group, Wadsworth Development Group, GBR Capital and many others.

Lori’s results-oriented approach has also been instrumental in representing significant national clients, including Best Buy, Cabela’s, Regis, IHOP, Office Max and many others, as she continues to help lead the number one retail services division in the Intermountain West.


“Whether you think you can or think you can’t, you’re right.”
— Henry Ford

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