Pleasant Grove—Coldwell Banker Commercial Advisors (CBC Advisors) announced Jersey Mike’s, R&R BBQ and Starbucks will join one of the Utah County market’s premier new developments, Valley Grove.
“The market has taken note of Valley Grove,” said Cameron Simonsen, executive vice president of retail and investment at CBC Advisors. “It is located in the center of Utah County, one of the fastest growing areas in the entire country. Progressive companies share the development’s vision.”
An iconic business community, Valley Grove is a 60-acre mixed-use destination located in the heart of Utah County. The development represents a $250 million investment of St. John Properties in Pleasant Grove City. At final build out, Valley Grove will contain: class A office/flex space, retail and a full-service hotel. The park features amenities including retail stores, shops and restaurants.
“With a shifting retail environment and location, location, location being vital for retail success, we are pleased to see the rapid rise of interest from local and national retailers in Valley Grove,” said Daniel Thomas, regional partner for St. John Properties.
Brokers from CBC Advisors represented all parties in the transactions. Simonsen and Brittany Ferris, retail specialist, represented the landlord, Valley Grove. Heather Bogden, vice president of retail and member of The Bowler Retail Team at CBC Advisors, represented Jersey Mike’s. Tyson Moore, vice president of retail and member of The Moore Retail Team at CBC Advisors, represented Four Foods Group on behalf of R&R BBQ.
“We’re excited to welcome Jersey Mike’s, R&R BBQ and Starbucks to Valley Grove. We look forward to announcing many more tenants in the near future. St. John Properties is a fantastic development company. They are delivering the project that Pleasant Grove deserves.”
Jersey Mike’s has taken the quintessential New Jersey sub shop experience and made it a nationwide hoagie habit. Jersey Mike’s was named the fastest-growing restaurant chain in the nation for the past three years and recently celebrated the opening of its 10th Utah location.
R&R Barbecue is a fast-casual restaurant started in Salt Lake City, serving smoked meats, house made side dishes, and desserts. Founders and brothers Rod and Roger Livingston are multi-championship winners, having participated at the Jack Daniels World BBQ Championship, the American Royal, and Sam’s National Championship. In total, they boast nine Grand Championships and seven Reserve Championships.
Today, with more than 25,000 stores around the globe, Starbucks is the premier roaster and retailer of specialty coffee in the world. Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee.
CBC Advisors is the #1 commercial real estate brokerage in Utah County, operating a full-service commercial real estate brokerage. The firm advises clients on office, retail, and industrial projects throughout the area. In 2017, CBC Advisors announced that the firm will open a new headquarters within Valley Grove’s Grove Tower, a premier 6-story Class A office tower.