Owner Spotlight: St. John’s Properties
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“I like that Utah is growing. Whenever you’re adding bodies to a market it takes away risk from what we’re doing. The fact that the market is growing means the product will be absorbed over time without risk.” – Daniel Thomas
altimore-headquartered St. John’s Properties is a great example of a well- established, out-of-state commercial developer recognizing Utah’s vast development potential by establishing an office in Utah on sheer speculation and rolling the dice. Daniel Thomas, a Partner with St. John’s for more than 11 years, established the firm’s office in Pleasant Grove in 2014 after spending seven years working under founder Edward St. John (he established the firm in 1971) in Maryland, where he researched different markets for two years before settling on Utah County. In July, the firmwas named 2018 ‘Developer of the Year’ by NAIOP, the Commercial Real Estate Development
Association – the association’s top national honor. “Given the outstanding and highly- deserving commercial real estate companies competing for this award on an annual basis, our entire organization takes great pride in this achievement,” said St. John in a statement. “I amparticularly proud of the work ethic we have instilled into our loyal employees, which places the daily real estate needs of our clients as our number one priority. This national recognition validates our corporate culture of performing to the best of our ability each day and doing what it takes to get the job done right.” Thomas said Utah’s top-ranked population growth (over 2% the past three years), youthful demographic and >>
38 | UTAH CONSTRUCTION & DESIGN | Aug|Sept 18
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