Woodbury Corporation Announces Office Tower in American Fork Opportunity Zone
• Utah Valley Tower is Currently the Only Qualified Opportunity Zone Project in North Utah County
• Conveniently Located Off I-15, Utah Valley Tower will Offer 155,000 Square Feet of Class-A Office Space
• As One of American Fork’s Largest Structures, Utah Valley Tower has the Potential to Bring Hundreds of New Jobs to the Area
SALT LAKE CITY (January 15, 2020) – Woodbury Corporation, a full-service real estate management and development company, today announced construction is underway on a five-story, 155,000 square foot Class A office tower in American Fork.
Located just north of I-15, between the 500 East and Pleasant Grove Boulevard interchanges, Utah Valley Tower is in a prime location for commuters at either end of the valley. Utah Valley Tower will be one of the largest structures in the area, and in addition to office space it will also feature a gym, lounge, common meeting rooms, locker rooms, gazebos with lunch seating and more. The project is currently the only office building in North Utah County being built in a Qualified Opportunity Zone, which is designed to help spur economic development and job creation in communities throughout the country.
“We believe that this property will serve as Silicon Slopes’ gateway to American Fork,” said Randy Woodbury, president and CEO of Woodbury Corporation. “There’s a lot of activity in North Utah County, and this property has freeway exposure that’s unmatched.”
Regarding the tower, American Fork City Mayor Brad Frost said, “We are excited to have this beautiful facility in American Fork and welcome the innovative businesses that will fill its floors. It is energizing to see this investment in our community, our economy and our people.”
Construction has already begun on the new office tower, which was designed by Babcock Design. It is anticipated that the facility will be ready for tenants as early as Q4 2020.
About Woodbury Corporation
Founded in 1919, privately-held Woodbury Corporation is one of the oldest and most respected full-service real estate development companies in the Intermountain West. Headquartered in Salt Lake City, Woodbury Corporation owns and manages over 14 million square feet of retail, office, hotel, residential, and industrial buildings across 15 states. For more information on Woodbury Corporation’s properties and projects, visit http://www.woodburycorp.com.
About American Fork
American Fork City serves a population of 30,000 residents, and it also provides contracted police and fire services to the 10,000 residents of Cedar Hills.
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American Fork City