SALT LAKE CITY — Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage is proud to announce the successful completion of a multi-phase transaction for Panera Bread in Washington, Utah. This deal, years in the making, involved MWCRE representing both sides at every stage—from the initial land acquisition and development to securing Panera Bread as a tenant and finalizing the investment sale.
Jeff Mitchell represented Panera Bread in both the lease and investment sale, while Ryan Stewart and Scott Brady led the landlord representation. Katie Mikula and Nick Clark originally represented the land seller, further solidifying MWCRE’s full-cycle involvement. The transaction, backed by a long-term ground lease with structured escalations, underscores the strength of this asset.
“This deal was a huge win for all parties involved and a testament to the long-term relationships we build at Mountain West Commercial Real Estate,” said Ryan Stewart of MWCRE. “From securing the land to completing the investment sale, this was a true team effort, and we’re proud to have played a role in every stage of the process.”
This marks one of over 40 successful deals between MWCRE and Evergreen Development, with another $9 million transaction set to close in St. George in the coming weeks. MWCRE remains committed to delivering strategic, high-value commercial real estate solutions.
About Panera BrandsOur first cafe opened in 1987, founded with a secret sourdough starter and the belief that the best part of bread is sharing it. That vision led to the invention of the Fast Casual category with Panera at the forefront, serving as America’s kitchen table centered around our delicious menu of chef-curated recipes that are crafted with care by our team members. We make food that we are proud to serve our own families, from crave-worthy soups, salads and sandwiches to mac & cheese and sweets. Each recipe is filled with ingredients we feel good about and none of those we don’t because we are committed to serving our guests food that feels good in the moment and long after. While our company is now nearly 2,200 cafes strong, our values and belief in the lasting power of a great meal remain as strong as ever. We spend each day filling bellies, building empowered teams and inspiring communities. Nothing beats breaking bread together.
About Mountain West Commercial Real Estate
Mountain West Commercial Real Estate is a full-service commercial real estate brokerage with a reputation for delivering exceptional results. With a dedicated team of experienced professionals, we provide comprehensive services in retail, office, industry, hospitality, land, and investment real estate.
Media Contact:
Jerad Giottonini
MWCRE Director of P.R. & Communications
Phone: 385-501-2928
Email: jgiottonini@mwcre.com