Woodbury Corporation and WPI Enterprises Announce Canyon Creek Shopping Center Expansion

March 23, 2017 | Press Release
By Woodbury Corporation

Woodbury Corporation and WPI Enterprises Announce Canyon Creek Shopping Center Expansion

Press Release
By Woodbury Corporation
Woodbury Corporation and WPI Enterprises Announce Canyon Creek Shopping Center Expansion

• Approximately 245,000 Square Foot Expansion Project Will Bring Dozens of New Shops, Businesses and Restaurants to Canyon Creek, Many Opening by Year’s End
• Canyon Creek Commercial Center Is a 240-acre Mixed-use Development, Including, Health Care, Commercial, Retail and Cinema

SALT LAKE CITY (March 23, 2017) – Woodbury Corporation, a full-service real estate and development company, in partnership with WPI Enterprises, today announced that it will be adding approximately 245,000 square feet of retail and restaurant space to its Canyon Creek Shopping Center in Spanish Fork City, Utah. Upon completion of this expansion, it is anticipated that up to an additional forty-five new retail tenants will be added, with the roster of national tenants, including: Cinemark, Downeast Home, Ulta, Famous Footwear, Petco, and Ross, among others.

Canyon Creek Commercial Center is a 240-acre mixed-use development project that includes 65 acres of hospital and health care facilities, and over one million square feet of retail and commercial space. The center was created in partnership between Woodbury Corporation, WPI Enterprises and Scott Hanson, who worked closely with elected Spanish Fork officials whose priority and vision was to develop an otherwise underdeveloped area into a major commercial center to benefit residents.

This is one of the largest commercial developments currently underway along the Wasatch Front. The completed portion of the project includes tenants such as Costco, Walmart, Good Earth, Ace and approximately 148,000 square feet of other food, banking and retail tenants. As part of the overall project, nearly four miles of new roads have been built to connect the project to regional transportation systems, existing roads, and residential neighborhoods.

“We envision Canyon Creek Commercial Center as a central hub for economic activity in south and central Utah County,” said Jeff Woodbury, senior vice president of development and acquisitions for Woodbury Corporation. “This project would not have been possible without the efforts of the elected officials and staff of Spanish Fork City, who play a critical role in the redevelopment of this area.”

“We are excited for these additions to our community. These stores will provide shopping opportunities to residents of our community and the surrounding area to stay closer to home and shop,” said Spanish Fork Mayor Steve Leifson. “We are very pleased with the variety this next phase brings to town, including a luxury first-run movie theater.”

Construction is now underway on the expansion, and will be completed with many new tenants opening for business this fall.

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 13 million square feet of retail, industrial, hotel, residential, and office buildings across 12 states. Some of these properties include University Place in Orem, Utah, Magic Valley Mall in Twin Falls, Idaho, and several buildings in the Utah State University and University of Utah Research Parks. For more information on Woodbury Corporation’s properties and projects, visit http://www.woodburycorp.com.

About WPI Enterprises
WPI Enterprises was organized in 1994 to provide commercial real estate services for institutional, corporate, and individual investors. WPI maintains a core emphasis in retail properties and has experience in all aspects of development and operational life cycles. The company has developed, acquired, managed and leased retail property with profiles from convenience and anchorless strip centers, anchored and non-anchored grocery neighborhood centers, to regional and super-regional centers. WPI has developed, managed, or owned over 3 million square feet or retail and office space and completed over 1,000 leases.
For Canyon Creek Commercial Center leasing information, call WPI at 801-467-7000.

Press Contact
Amanda Butterfield
Woodbury Corporation PR
A_butterfield@woodburycorp.com
801-440-9837