.png){kind=logo}
Trusted Real Estate Sponsors
Supports logistics, service, storage, and operations with demand beyond short-term consumer trends.
Well-located flex assets remain attractive for usability, income potential, and long-term relevance.
Practical business uses remain necessary across changing economic cycles and market conditions.
.svg)
Demisable layouts adapt to changing tenant sizes, business needs, and market conditions.
Selective locations benefit from land constraints, entitlement complexity, and strong replacement-cost dynamics.
Decades of Western U.S. experience strengthen site selection, relationships, and execution.
A 360,000 SF flex industrial development with strong tenant demand and performance that exceeded investment targets.
Since stabilization in 2021, Synergy has successfully re-leased space without a single day of vacancy. The project was recognized by Sandy City with its Developer of the Year award.
INVESTOR OUTCOME
The project delivered approximately 30% IRR and a 2.5x–3.0x equity multiple
LEASE-UP
Strong tenant demand supported successful lease-up and reinforced the project’s market positioning.
PROJECT EXECUTION
Principal-led decisions supported disciplined execution from planning through delivery.
DESIGN STRATEGY
The product was shaped around flexibility, functionality, and long-term market relevance
SITE SELECTION
The project began with disciplined opportunity selection and a clear understanding of location-driven demand.
.png)
CBRE|Executive Vice President
"Quality and integrity you can trust."
“I’ve worked with Steve and Soren Urry since 2018, including on a successful 360,000 SF industrial project in Sandy, Utah. What stands out most is their commitment to quality and integrity. They deliver best-in-class product, negotiate with clarity and competence, and do exactly what they say they’ll do.”
Successful 360,000 SF industrial development in Sandy, Utah
EVP | Celtic Bank
"Delivers transparent, disciplined, reliable results for stakeholders"
"Working with Synergy Development has been an outstanding experience for Celtic Bank. Their team has consistently demonstrated professionalism, creativity, and dedication throughout our relationship. They bring strong financial discipline, communicate clearly and proactively, and manage scope and budgets responsibly. Just as importantly, their transparency and reliable delivery give stakeholders confidence that commitments will be met and resources will be managed well."
Financial discipline, clear budgets, and reliable delivery
CEO | Stout Building Contractors
"Organized, decisive, professional, and highly engaged"
"We value our relationship with Synergy. From a builder’s perspective, they are organized, decisive, and highly professional. They communicate clearly, make timely decisions, and remain engaged throughout the entire construction process. That level of consistency and follow-through makes a meaningful difference in executing projects successfully."
Organized, decisive, and engaged throughout construction
Senior Managing Director, Investments | Marcus & Millichap
"Leads with market insight, discipline, and speed"
"In 40 years of brokering commercial real estate, I’ve had the opportunity to work with many of the most successful developers and investors in the country. Synergy stands out as a leader in that group. They have a strong ability to identify the right opportunities and execute on them with discipline and speed. Their reputation as a premier developer is well earned, and the loyalty and respect they show to lenders, brokers, planners, architects, and other partners is exceptional."
40 years of commercial real estate perspective
Senior Vice President | CBRE
"Steve and Soren consistently create value with exceptional judgment"
“I’ve known Steve for decades and have invested in numerous projects with Steve and Synergy Development. Steve and Soren have a rare ability to recognize future value, pair strong judgment with thoughtful design, and create projects that drive tenant demand. Over the years, I’ve seen Synergy developments achieve top market rents and maintain exceptionally high standards in property management. I trust their judgment and management skills, and I look forward to investing with them again.”
Decades of trust across multiple Synergy projects
