STACK Real Estate’s story began in 2006 with a gamble on 120 acres in the middle of then— nowhere—next to Thanksgiving Point. Despite bordering only horse pastures and hayfields, Andrew and Nathan envisioned this piece of property becoming Utah’s premier, Class A Office Park. The land was purchased and Thanksgiving Park, STACK’s first development, was born.
In August 2007, they closed on the construction loan for their first 150k SF office building. The next month, Lehman Brothers failed and the economy headed into a tailspin. Despite the shaky economic footing, they carried on and finished the building in November 2008. Speaking of that first year, Andrew remarked, “Times were tough. We fought hard for any deal we could get in order to hit the loan covenants hanging over our heads. We were fortunate enough to land some awesome tenants—Microsoft, Sorenson Capital, Propay, and Lingotek.” Andrew and Nathan ran with that momentum constructing five more 150k SF buildings, completing the park they envisioned and creating a vital seedbed for many of Silicon Slopes most promising start-ups.
With Thanksgiving Park’s success, Andrew and Nathan broadened their scope and STACK evolved from a “project” at Thanksgiving Point, to a premier Real Estate Development company within Silicon Slopes.
Today, STACK Real Estate owns and operates more than 20 commercial real estate buildings, totaling 2.7+ million SF of Class A office, retail, and hotel space along Utah’s Tech Corridor. With more than double that amount in the pipeline— STACK is actively influencing and innovating how and where tenants use office space.
STACK applauds the national recognition Silicon Slopes has garnered and the unique ecosystem Utah has fostered for the growth of its tech scene. The last twelve years have been the perfect storm for STACK Real Estate’s explosive growth and they are quick to credit Utah’s economic climate for facilitating their success. From the beginning, STACK has had one intent: Build the Best Buildings, in the Best Locations, for the Best Tenants- a philosophy everyone at STACK is eager to perpetuate as they continue to build Utah’s brand through infrastructure.”
STACK Real Estate