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properties with high vacancies, tenants in bankruptcy, issues with lenders, environmental contamination, distressed and outdated property, single assets & portfolios.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.
Here at Mountain West Real Estate Development, Inc. (MWRED) we have been active in the commercial retail real estate business for 35 years, with current activity primarily in the redevelopment of neighborhood shopping centers in Utah, Idaho & Wyoming. Our primary 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.
We have a highly-experienced team of professionals. In the 35 years of experience that our team has we have been privileged to partner with retailers and have built structures that promote growth and opportunity.
Kevin Mortensen, was Senior Real Estate Manager for Albertson’s, Inc. His main responsibility was directing a shopping center development team (attorney, architect and construction manager), and he successfully over saw the development of over 20 shopping centers in the intermountain region. Prior to joining Albertson’s Mr. Mortensen worked as a commercial real estate broker in the Salt Lake metro area with Coldwell Banker Commercial Real Estate Services and Barlow Nielsen & Associates. His primary clients served were retailers and owners of shopping centers. As a broker Mr. Mortensen completed hundreds of transactions and achieved Life Time membership to the Salt Lake Board of Realtors Million Dollar Club.
Our experience in the real estate development business included involvement in many distinct projects including 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 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.