Utah's Industrial Real Estate Team
Colter Smith and Derek Klopfer lead CRES Utah's industrial brokerage practice, specializing exclusively in warehouse, flex, and manufacturing space across the Salt Lake Valley.
A CRES Utah BrokerageMeet the Team
Two brokers. One specialization. Deep local expertise across every major Salt Lake Valley industrial submarket.
With over a decade of experience in commercial real estate, Derek Klopfer has built a reputation for delivering results in even the most challenging market conditions. He launched his career during one of the toughest real estate markets to date, sharpening his ability to analyze transactions from every angle. This strategic approach has propelled him to close hundreds of sale and lease transactions. Derek's strong work ethic, aggressive go-get-em attitude, and deep understanding of current market conditions give his clients a competitive edge. Whether navigating complex negotiations, structuring transactions, or identifying opportunities others may overlook, Derek's expertise ensures his clients achieve their real estate objectives with confidence.
At CRES, Colter Smith brings a comprehensive understanding of commercial real estate transactions that delivers measurable results for his clients. With over 4 years of industry experience, he has successfully facilitated nearly $100 million in total transaction volume across the Salt Lake Valley and surrounding markets. Specializing in industrial sales and leasing, Colter has demonstrated particular expertise in managing transactions of all sizes, having overseen the leasing of more than 500,000 square feet of commercial space and numerous significant property sales throughout Salt Lake, Davis, Weber, and Utah Counties. Colter's success stems from his unique ability to manage the entire transaction lifecycle, from initial property positioning through final execution. His approach combines sophisticated market analysis, strategic tenant targeting, skilled negotiations, and problem solving to create optimal outcomes for all parties involved.
Why Clients Choose CRES Utah
Industrial-only focus, proprietary market data, and a process built around accountability.
Data-Driven Pricing
Every leasing and pricing recommendation is grounded in live comp data, absorption trends, and submarket-level vacancy analysis, not gut feel.
Industrial Only
We specialize exclusively in industrial and flex real estate. No office. No retail. No distracted generalists. Just deep, focused expertise.
Proprietary Technology
CRES Utah has built its own market intelligence platform that tracks available space, active tenants, and lease comps across the Wasatch Front in real time.
Transaction Depth
From 5,000-SF flex suites to 300,000-SF build-to-suit facilities, our team has closed across every segment and deal structure in the market.
What Clients Say
From first-time sellers to seasoned portfolio owners, straight feedback from the people we've worked with.
“CRES Utah didn't just find us a tenant. They found us the right tenant at a rate we didn't think was achievable. Their market data made the negotiation straightforward.”
Private industrial owner, Salt Lake City
“We toured 14 properties in 3 days. Colter knew every building's history, every owner's situation, and had comps ready for every conversation. The level of preparation was unlike anything we'd seen from other brokers.”
Regional distribution tenant, West Valley relocation
“Derek structured our 1031 exchange across two properties in different submarkets with a 45-day identification window. He stayed in the deal around the clock. We closed both on time.”
Investment buyer, multi-property exchange
“Their quarterly market reports alone are worth the relationship. I know exactly where my assets stand relative to the market at all times. No guesswork.”
Portfolio owner, 4 industrial properties
Work With Us
Whether you own industrial property or need to find space, we have the market expertise to help.