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Colliers completes large Pleasant Grove land deal near I-15

By Ashtyn Asay - | Aug 8, 2022

Courtesy Colliers

This rendering shows the 47.3 acres adjacent to Interstate 15 in Pleasant Grove that was sold to Baltimore-based St. John Properties earlier this month.

Colliers International announced Thursday the sale of 47.3 acres of land adjacent to Interstate 15 in Pleasant Grove to St. John Properties.

According to Colliers, this transaction registers as one of the largest land deals in Utah history.

“We are proud to facilitate this historical sale, which ushers in a new phase of high-profile development on I-15,” Brandon Fugal, chairman at Colliers in Utah, said in a press release.

St. John Properties is headquartered in Baltimore, with a regional office in Utah County. It is the proponent of Valley Grove, a 60-acre mixed-use development in Pleasant Grove.

“We really like the favorable regulatory climate in Utah and the business-friendly climate, and it seems to be even better here in Utah County,” said Daniel Thomas, St. John Properties Utah regional partner. “For the most part, Utah County and the cities and municipalities down here are very welcoming of what we do.”

The land, which neighbors Valley Grove, Evermore Park, ASEA and the doTERRA headquarters, will soon be home to upscale retail and office buildings, with additional plans to come, according to a Colliers representative.

Fugal and Josh Smith, vice president at Colliers, represented the seller, Atrium Hospitality, in the sale while Cameron Simonsen, executive vice president at Colliers, and Lori Coburn, vice president at Colliers, represented the buyer in the transaction.

“St. John Properties pulled off a huge and complicated transaction that will benefit the community of Pleasant Grove for years to come,” Simonsen said in a press release. “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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