About CRES Utah

The CRES Utah Industrial Team

Colter Smith and Derek Klopfer run CRES Utah's industrial brokerage practice. We focus on warehouse, flex, and manufacturing space across the Salt Lake Valley. It's the bulk of what we do and where we're strongest.

A CRES Utah Brokerage
$330M+
Transaction Volume
500,000+
SF Leased
20+
Years Combined Experience
16
Submarkets

As of July 2026· CRES Utah closed-deal records

Meet the Team

Two brokers. One specialization. Deep local expertise across every major Salt Lake Valley industrial submarket.

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Derek Klopfer

Managing Director

UT Lic. #8013504-SA00

With over 15 years 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.

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Colter Smith

Vice President of Industrial Leasing & Sales

UT Lic. #12359735-SA00

At CRES, Colter Smith brings a comprehensive understanding of commercial real estate transactions that delivers measurable results for his clients. With nearly six 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 Owners Work With Us

Industrial-only focus, real deal flow behind every price, and a process built around accountability.

Industrial Is Our Specialty

Warehouse and flex is where we spend most of our time and where our deal experience runs deepest. We'll handle the occasional retail, office, or specialty building when a client needs it, but industrial is the bread and butter.

Priced Off Real Deal Flow

We track what's actually selling and leasing in these submarkets through our own comp database, plus what's currently listed and what's quietly available off-market. When we price your space, we show you the why.

Every Segment

From 600 SF small-bay units to 100,000 SF distribution, we've closed across the sizes and structures this market runs on.

Accountable Process

Direct broker attention and a straight answer, from positioning through close.

Work With Us

Whether you own industrial property or need to find space, we have the market expertise to help.