Provo Town Square (PTS) is an 89,951-square-foot retail and office building located in the heart of downtown Provo, Utah, presenting a compelling opportunity for value-add investors. Strategically positioned along the city’s primary thoroughfares and within close walking distance to Brigham Young University, the 2.21-acre property is currently 69% leased and offers immediate upside through lease-up and rent growth. Recent capital improvements have enhanced the building’s appeal, including modernized tenant suites, upgraded common areas, and preserved historic architectural details that maintain its unique character. A three-story on-site parking structure supports both tenant and visitor convenience—an uncommon amenity in the downtown core.
Provo Town Square is located in the Provo-Orem metro area, which has been ranked the #1 "Best Performing City" for three consecutive years by the Milken Institute due to its strong job growth, wage increases, and rapidly expanding high-tech sector. The property’s central location drives consistent foot traffic and positions it to attract a wide range of retail and office tenants seeking visibility, accessibility, and strong community presence in one of Utah’s most economically dynamic and institutionally anchored markets.