February 29, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Utah Continues to Draw National Retail and Restaurant Chains

Press Release

February 29, 2012

In its 2011 Year End Report, Mountain West Retail/Investment outlined continued growth in Utah’s retail market. Through February 2012, this predicted trend continues as Utah’s business climate, economic strength and favorable real estate market continue to draw major national chains to the state.

Mountain West Retail/Investment experts have predicted a shift to high-quality space as both landlords and tenants seek to capitalize on current market conditions and opportunities to fill vacant space at favorable rates. In 2011 the amount of leased retail property increased by 26.77 percent and the amount of investment sales jumped 55.28 percent. These are growth trends that experts have expected to continue through 2012.

These indicators and expectations have continued as Mountain West Retail/Investment recently facilitated leases for a number of major chains seeking to increase their Utah presence.

Dollar Tree, a value driven variety store, has leased 10,000 square feet in the Oakwood Village Shopping Center at 5400 S. 900 E. in Murray. Mountain West Retail Specialists Garrett Blomquist and Brett Palmer represented Oakwood Village in the transaction, while Dollar Tree was represented by Matt Harlin with the Situs Retail Group.

Another major chain that is expanding in Utah is Jimmy John’s Gourmet Sandwiches. Mountain West Retail Specialists Ben Brown and Andy Moffit recently represented the Marketplace at 18th, the landlord, in the lease for Jimmy John’s restaurant at 1846 S. 300 W. in Salt Lake City.

Jimmy John’s is just one of a number of major restaurants and retailers who are renewing leases and continuing their commitment to Utah. “We have recently leased space to Jimmy John’s, Dickey’s BBQ, and Starbucks’ renewed their lease, all within the last 120 days,” said Moffit. These leases are another indicator of the momentum Utah’s business market has and the potential major chains see in Utah’s growing population and economy.

“These transactions highlight the improvements in the Utah retail market that began in 2011 and the continued optimism and growth that will be felt throughout 2012. An increasing number of retailers are entering the Utah market or are expanding their Utah presence,” said Palmer.
(2.29.12)

Utah Business Social
UB Events View All
CXO of the Year 2015Utah Business Event
Jun 25, 2015
Utah Business Magazine along with Stoel Rives - are proud to present the 2015 CXO of the Year Awa...
Fast 50 - NOMINATIONS OPENUtah Business Event
Aug 27, 2015
NOMINATIONS OPEN -- Deadline June 26, 2015 Nomination Forms The top 50 companies will be se...
Job Summit - POSTPONED UNTIL FALL 2015 Utah Business Event
Sep 24, 2015
NOTE: The date listed below is not secured. We will update as the event gets closer. Thank you ...
Community Events View All
Self Hypnosis Workshop
May 30, 2015
Learn the secrets of Self Hypnosis and ‘Train Your Brain’ for Health, Happiness and Success. Ther...
Family Fun Day and Concert in Emigration Canyon
May 30, 2015
Camp K will host their Annual Family Fun Day and Concert in the Canyon on Saturday, May 30, 2015,...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel