Case Studysuccess stories
CASE STUDY #1
Buyer Landlord Representation for Maven District
My best client is a licensed Real Estate Broker in the State of Utah. He can find any property online through his own license that any other agent can, yet he still works with me regularly and has for the last four years.
Our first project came when he was looking for a place to move his wife’s business. Something along the 900 South Corridor, not far from her then current location, and something that wasn’t already listed. I started looking, calling and contacting building owners. When it was all said and done, we’d closed on 11 parcels with three different owners on the same block of 9th South.
They have since torn down and rebuilt one of the buildings, and completely renovated and leased out the other spaces. They have created a place in town called the Maven District. If you haven’t been there yet, you are missing out. They have 71,000 SF in 8 buildings on almost 2 Acres. Of the 29 businesses housed on the block, 23 of them are Women owned!!
Building the Maven District
Tessa Arneson and Tim Watcke had a vision: a curated community of businesses catering to the whole wellness of its customers. “It started with a couple buildings and now it’s a whole block,” says Arneson, a native Utahn who knew Salt Lake City would be the perfect guinea pig for this experiment.
Previously the owner of Pilates on 9th and 9th, Arneson, with husband Watcke, now owns Maven Strong—the anchor tenant of the ever-growing Maven District, smack in the middle of the 9th and 9th and Central 9th neighborhoods in Salt Lake. “I would get a lot of people who would come in and ask, ‘where do you go for this?” what do you do for this?’ I thought, how cool would it be if I could tell people to walk 25 feet this way and tell them I sent you?”
While the Maven District may have started out as a vision, it’s now a fully realized community of 25 businesses from beauty salons to custom suit-makers, fitness centers to ice cream and dessert shop, Normal.
CASE STUDY #2
Multi-Family – Salt Flats Living
Building a Dream
In December of 2016, we put a building under contract that was a result of me making cold calls. I was looking for land in the RMU zoning downtown. I knew that zoning would be most favorable for building Multifamily. When our first buyer backed out, we quickly found a new buyer. We helped the Seller’s get $78/SF for their land, which was a premium at the time, and honestly still is. We also helped the Buyer realize a dream to build his first apartment building, and the results have been fantastic.
The Salt Flats are now leasing. This beautiful 86-unit apartment building all started with an understanding of downtown Salt Lake, the zoning and a desire to create a deal that was a WIN for all parties involved. I love my job!!
Luxury Apartment Living
Salt Flats Living is conveniently located in the heart of Salt Lake City. Go shopping at City Creek Center. Check Utah’s very first Dave and Buster’s at the Gateway Mall. Or grab some amazing food at Gourmandise Bakery just steps from your front door.
With an amazing amount of amenities, followed with exhilarating design, Salt Flats Living provides luxury apartment dwelling and convenience to all of Salt Lake City
Our brand new apartments bring you the contemporary living experience you come to expect in our amazing city. Our Downtown Salt Lake City Apartments offer one-of-a-kind floorplans including spacious Studio and 1-Bedrooms. Our apartments offer warm and inviting living with all the amenities one could want.
CASE STUDY #3
Buyer Representation for Rencher | Anjewierden
The Perfect Fit
Jaryl Rencher, a well-known attorney in Salt Lake was referred to me by his residential agent in the Fall of 2016. He was renting space in downtown Salt Lake for his law firm, but felt like he was paying way too much for the space that they were occupying and he didn’t want to renew his lease. He asked me to help him find a property that was unique and functional and still close enough to downtown that his clients wouldn’t be turned off by the move. Properties like what Jaryl wanted are hard to find, so I started making calls to every business owner along South Temple and the streets close by.
After a few months of searching and one other property under contract, we found his new business home after it hit the market and were under contract in the first week. Jaryl moved his business to 460 South 400 East in Salt Lake and is thrilled with his new location. Not only did he find the perfect spot for his business, he now is building equity with his monthly payments and couldn’t be happier with the
Mrs. Rencher's Testimonial
We had never ventured into looking at or even considered owning a piece of commercial property until we enlisted Jody's help. It was totally unfamiliar and stressful territory. Ours was a most unusual set of circumstances that required much creativity and "thinkingoutside any proverbial box" — in fact I don't ever recall there being a box anywhere in sight because our situation seemed to have a life all its own on top of all the myriad of details that most real estate transactions involve."
"Jody was tenacious. She never gave up on us or in helping find solutions to all of our various issues. She persisted in following through with our requests until she found us the answers we needed. She was courageous. She held up under stresses that most all other agents I've ever heard of would have run away from. Did I mention that she was patient with us? Yes I did. But it's worth repeating. Jody was patient with us. SSSSSSOOOOOO Patient. She was also our strongest advocate. She found just the right balance of making suggestions when we needed them, helping us find a bit of happiness and humor here and there along this stressful journey and was very kind throughout all of it. Any text, email or phone call we made to her was met with her almost immediate response. She had "spot- on" good judgment and extremely fine-tuned intuition.
She has an excellent reputation in the community and is well-respected among her colleagues. She also provided us with an excellent associate, Jonah, who greatly assisted us while she was out of the country travelling with her family on a much needed vacation during one stretch of our difficult decision-making time-line. I cannot recommend Jody highly enough. There are real estate agents, and there are real estate agents. And then there is Jody Jones. Call her the next time you have the need for a change of location and see for yourself what the highest degree of professionalism is like. Shout out to Jody!!!!!!!!"
CASE STUDY #4
Proud New Owners
I was referred to a couple recently who was selling a home in California and wanting to find a good commercial investment in Salt Lake City. I reached out to one of the property owners that I work with regularly and was able to find an off-market Industrial Investment for them with a really strong CAP rate.
They had never owned a commercial property before, so after we got the building under contract we set out to make sure this would be a good investment for them down the line. We got Mark Bullock involved from First American to help with the 1031 Exchange and after clean environmental reports and a careful review of the financials they became the proud owners of a 10,000 SF multi-tenant Industrial property.
“I was introduced to Jody by the owner of the brokerage and knew immediately that we would work well together. After communicating our needs to her she was able to produce 3 properties for us that met our criteria.
Being first time commercial property buyers she effectively guided us thru a speedy process and closing. I was mistakenly under the impression that only the capital gains portion of my 1031 exchange was needed to invest in a new property so I needed another property ASAP to fill our need. Again she produced another fitting property for us within days and were able to successfully close the 1031 on time.
It has been a pleasure working with her and she is still looking for other investment properties for us.“
*Photo Credit: Jami Marsh
“Jody listened to all of my concerns, educated me when needed, and help me to materialize a lease that was very much in my favor. At the end of the day you want someone who will go to battle for you and Jody did just that. If you’re looking for a fighter your search has ended..”