BRING YOUR OLD, TIRED , AND WORN-OUT SHOPPING CENTERS!
Mountain West Real Estate Development, specializing in the acquisition and repositioning of
underperforming retail properties, seeks to increase its portfolio size by acquiring shopping centers with
potential for improvement.
What We Do
Purchase of Properties
We buy retail properties with high vacancies, tenants in bankruptcy, issues with lenders, environmental contamination, distressed and outdated property, single assets & portfolios.
New Development, Re-positioning, and Redevelopment. You name it we will do it. We build your business!
With an expansive development portfolio we can make anything into a reality.
When building is done then starts the management phase. We believe in maintaining strong relationships with tenants so that we can help them to be successful.
Mountain West Real Estate Development (MWRED) has been active in the commercial retail real estate business for over 40 years, with activity primarily in the redevelopment of neighborhood shopping centers in Utah, Idaho & Wyoming. Our strength has been redevelopment, releasing and repositioning existing centers. We have developed, with various partnerships, retail centers in Sandy, Murray, Riverton, and Ogden in Utah, Boise and Twin Falls in Idaho, and Rock Springs in Wyoming. MWRED is experienced working with national chain retailers and has built structures that promote growth and opportunity.
Our experience has included involvement in historical tax credits restoration in the early 80's, re-adaptive use of RTC properties, public/private partnerships with redevelopment agencies, and traditional strip neighborhood and community retail centers anchored by grocery stores. Mr. Mortensen, founder and president, has served on city and chamber of commerce committees dealing with economic development, and has been a speaker dealing with shopping center related issues on panels sponsored by the International Council of Shopping Centers.