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UTAH Tesla Dealership Added to Valley Grove Business Community in Pleasant Grove, Utah

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Construction activities have commenced on a new 34,000-square-foot Tesla dealership, located on a four-acre parcel within Valley Grove, a 60-acre mixed-use business community located in Pleasant Grove, Utah. The Tesla dealership is being constructed overlooking, and featuring roadside visibility from Interstate 15. The site is immediately adjacent to two flex/R&D buildings currently being developed by St. John Properties containing nearly 100,000 square feet of space. The single-story facility will feature ribbon-glass windows on the east side to deliver natural sunlight into the building’s showroom, and will be equipped with a service and maintenance area, customer lounge, design studio as well as administrative and sales offices. The surrounding surface parking lot will contain charging stations and available inventory. Located directly adjacent to both Interstate 15 and North County Boulevard, Valley Grove is configured to support more

than one million square feet of Class “A” commercial office space, as well as retail, restaurants and a full-service hotel. “Tesla is extremely selective when choos- ing new dealership sites, so we consider ourselves fortunate to be able to offer the highway visibility, quality consumer demographics and overall professional environment that is essential to the com- pany,” explained Daniel Thomas, Regional Partner, Utah. “Tesla is a distinctive brand emphasizing high performance, originality and authenticity, aspects which closely align with the St. John Properties’ mission. We believe Tesla’s presence in Valley Grove will be a natural fit and complement the existing companies and retailers.”

St. John Properties, Inc., has acquired 10375 N. Baldev Court, a two-story building containing 35,654 square feet of commercial office space in Mequon. The building, located near the intersection of W. Donges Bay Road and N. Baehr Road, was purchased at auction with no sales price revealed. St. John Properties has developed more than 1.7 million square feet of commercial real estate in the Madison and Milwaukee areas of Wisconsin, including nearly 200,000 square feet in Mequon. Delivered in 2005, 10375 N. Baldev Court was designed with an all-brick exterior and two-story atrium, and is surrounded by a generous surface parking lot. Featuring immediate access to Interstates 41 and 43, the building is located approximately 14 miles from Milwaukee, and is within close proximity to numerous restaurants, retail stores and hotels. Additional nearby amenities include Walmart, Foxton Brewing, Ozaukee Country Club, North Shore Country Club and Milwaukee Country Club. Milwaukee Mitchell International Airport is approximately 20 miles from the site, and monument and pylon signage for the building are located along Donges Bay Road. “This well-maintained building is a perfect addition to our portfolio within the state and the Mequon area,” explained Greg Fax, Regional Partner for St. John Properties in Wisconsin. “Our team is very excited to start the leasing process and intends to implement our superb asset and property management practices to maximize the building’s potential and grow long-term value.” St. John Properties Acquires Two-Story, 35,654-Square-Foot Commercial Office Building in Mequon, Wisconsin

Fast-Casual Restaurant Chain Slim Chickens Selects Valley Grove for Third Location in Utah

L.O.V.E. Restaurant Group, the franchise owner for fast-casual restaurant chain Slim Chickens throughout Utah, has selected Valley Grove, a 60-acre mixed-use business community located in Pleasant Grove as the site of its third location in the state. Operating more than 150 locations in 26 states, Slim Chickens has committed to providing a “better chicken” experience that can’t be found anywhere else. The Valley Grove site represents the seventh Slim Chickens franchise owned and operated by L.O.V.E. Restaurant Group. Additional Utah restaurants are located in Lehi just west of Pleasant Grove and Herriman, which is positioned approximately 20 miles south of Salt Lake City. “Our founder and CEO has deep roots in Utah and believes Slim Chickens’ spectacular food and Southern hospitality are unlike any restaurant experience in the Wasatch Range. We are confident that local families and business people will embrace and support our innovative concept,”

explained Kristen Wheeler, Marketing Director of L.O.V.E. Restaurant Group. “We believe in the importance of community and want to provide the best experience for both our employees and our guests. We not only want to create jobs in the area; we want to create a meaningful workplace. We also want to develop, mentor, empower and connect people to their specific purpose.” “The addition of Slim Chickens to the restaurant mix at Valley Grove brings another compelling reason for the surrounding residential communities to visit our business community, and provides another fast-casual dining option for our tenants,” explained Daniel Thomas, Regional Partner, Utah.