PLEASANT GROVE, UT – In a significant transaction for Utah’s multifamily market, Mountain States Property Management, led by CEO Alex Norr, has acquired 6.5 acres at Valley Grove to spearhead new residential development. The acquisition marks a major step in Mountain States’ growth plan and will fulfill the growing demand for high-quality housing in Utah. Mountain States is committed to serving the Utah market and remains dedicated to delivering smart growth solutions and community-focused projects.

Groundbreaking for the development, consisting of 420 multifamily units, is expected to commence next year with the first deliveries occurring in fall 2028.

The deal underscores master developer St. John Properties’ long-term vision for the 128-acre Valley Grove – a premier mixed-use destination in Pleasant Grove, Utah. Since its inception, Valley Grove has transformed into a thriving work-and-play hub, featuring over 1.5 million square feet of flex/R&D, office, and retail space, and a dynamic tenant mix. Recognizing the need to integrate residential living into the community, St. John Properties sought a strategic development partner to bring the first phase of multifamily housing to the site.

“We were looking for the right development partner to launch the first phase of what could ultimately be 1,155 multifamily units at Valley Grove,” said Daniel Thomas, Regional Partner at St. John Properties. “Mountain States is a well-known Utah developer with a reputation for quality and thoughtful execution. Their vision aligns perfectly with what we’re building here – a thriving, connected community in one of Utah’s highest-growth corridors.”

Alex Norr, echoed the excitement: “We are thrilled to contribute to Utah’s housing solution in such a dynamic, high-growth location. Valley Grove represents a best-in-class mixed-use environment, and we are honored to work with St. John Properties in delivering a multifamily project that complements its energy and vision.”

Mark Jensen, Patrick Risk, and Rawley Nielsen of Northmarq represented both the buyer and seller in this transaction, facilitating a seamless deal that aligns with Valley Grove.

Valley Grove: The Evolution of a Premier Mixed-Use Destination

Originally designed to bring much-needed retail and office space to North Utah County, Valley Grove has rapidly evolved into a top-tier business and lifestyle destination. The community represents a $1.2 billion investment in Utah County and is home to major tenants such as Alianza, Artic Wolf, Kenect, Suse, Tribe House, and Win Brands, the development has become a natural extension of Utah’s booming Silicon Slopes corridor. On completion, the commercial space at Valley Grove will accommodate up to 10,000 jobs.

With this first multifamily phase, Valley Grove is completing the transition to a true live-work-play community. The addition of residential housing will enhance the community’s walkability, vibrancy, and long-term economic sustainability, reinforcing its position as one of Utah County’s most sought-after locations.

Utah’s Growth & The Future of Valley Grove

The Utah market remains one of the most dynamic in the country, driven by strong population growth, low unemployment, and the expansion of the tech sector. Pleasant Grove sits at the heart of this transformation, benefiting from Silicon Slopes’ national momentum and ongoing infrastructure improvements, including a future I-15 interchange to support the area’s expansion.

As Utah County continues to see record demand for housing, Mountain States and St. John Properties are setting the stage for sustainable, high-quality development that meets the evolving needs of residents and businesses alike.

For more information about Valley Grove and future development opportunities,
visit www.thevalleygrove.com.

Founded in 1971, St. John Properties, Inc. is one of the nation’s largest and most successful privately held commercial real estate firms. The company is distinguished by its commitment to customer service, achievements in green building, and top-rated workplace culture. Throughout St. John Properties’ 54-year history, the company has developed more than 24 million square feet of flex/R&D, office, retail, and warehouse space and has investments in over 3,000 residential units. The company proudly serves more than 2,600 clients in Colorado, Florida, Louisiana, Maryland, Nevada, North Carolina, Pennsylvania, Tennessee, Texas, Virginia, Utah, and Wisconsin. For more information about the company, visit www.sjpi.com.

Mountain States Properties is a professional real estate management and development firm founded in 1977 and based in Logan, Utah. We specialize in the management and leasing of upscale multi-family residential communities as well as commercial properties across the greater Wasatch front and branching into Nevada. With a strong focus on tenant satisfaction, operational efficiency, and well-maintained facilities, Mountain States Properties has built a reputation for quality service and long-term value. In the interest of both tenants and owners, we make every effort to manage well-kept, efficient buildings with attention to energy management, overall positive economics and clean, well-maintained living and working facilities. More information can be found by visiting www.mountainstatespm.com.