St. John Inks HQ Lease for $1.2B Salt Lake Project
When complete, the suburban campus will total 1.5 million square feet.
St. John Properties Inc. has signed a 29,260-square-foot office lease at Valley Grove, a mixed-use development that will encompass more than 1.5 million square feet of space in Pleasant Grove, Utah. The tenant, Win Brands, will be using the space as its new corporate headquarters that will house nearly 110 employees starting this summer.
Win Brands will relocate its corporate offices at Valley Grove III, located at 1333 S. Valley Grove Way, where it will occupy the entire top floor. The six-story office building totals 140,768 square feet of space.
The developer broke ground on Valley Grove III in 2022. Completed last year on a 6-acre site, the building is 12 miles from Provo, Utah, 20 miles from South Jordan, Utah, 34 miles from downtown Salt Lake City and within 38 miles of Salt Lake City International Airport.
Designed to achieve LEED certification, office buildings at Valley Grove will range from 23,454 square feet to 189,595 square feet and will include ceiling heights between 10 and 13 feet, built-to-suit office suites and ample parking. Current tenants include Alianza Inc., Real Team Realty, Coldwell Banker, Colliers, Presidio Property Management and First Colony Mortgage, among others, CommercialEdge shows.
The upcoming Valley Grove campus
Valley Grove is a 130-acre mixed-use business campus that currently includes 750,000 square feet of Class A office space and 100,000 square feet of flex or R&D space. The project includes four single-story, one six-story and three mid-rise office buildings, together with two R&D buildings, multiple retail spaces and nine pad sites. Additionally, the business community will feature a 34,000-square-foot Tesla dealership and a full-service hotel.
Last year, the developer revealed that a 47-acre addition will be used for Valley Grove Phase VI, that will include office, retail and luxury residential space. St. John Properties’ total investment is expected to surpass $1.2 billion. St. John Properties Director Scott Gifford and Regional Partner Daniel Thomas are leading the leasing efforts.
Silicon Slopes’ popularity
Other companies that recently committed to the Salt Lake City area include Mōdere, which signed a 12,919-square-foot lease at Zions Tower in downtown Provo, Utah. The tenant will relocate its headquarters at the 127,093-square-foot Class A office building, owned by PEG Development, from Springville, Utah.
In January, Sentry Financial and Newport National Corp. acquired The Cliff Building, a 106,000-square-foot office property in Salt Lake City. Sentry Financial announced it will relocate its offices at the property’s eight floor.
In early 2023, Clearlink signed a 135,000-square-foot commitment at 42 Future Way, a Class A office campus in Draper, Utah. The property is owned by Gardner Co.