REBusinessOnline

Adler Industrial Sells 141,360 SF Warehouse Building Near Boise to Carter Exchange

MERIDIAN, IDAHO — Alder Industrial and its institutional partner have completed the disposition of a warehouse/distribution facility situated on 30.3 acres at 2316 W. Franklin Road in Meridian.Completed in early 2022, a Fortune 10 global e-commerce company leases the 141,360-square-foot building. Designed as a last-mile delivery station with top-shelf functionality, the Class A property features 33-foot clear heights, 9.7 percent office space, 15 dock doors and six drive-in doors, …

Cushman & Wakefield Brokers $17.7M Sale of Industrial Facility in Boise

BOISE, IDAHO — Cushman & Wakefield has arranged the sale of a newly renovated industrial facility situated on more than 3 acres in Boise. An undisclosed buyer acquired the asset from an entity doing business as Emerald Town LLC for $17.7 million.Located at 11193 Emerald St., the 77,962-square-foot property was fully leased to four tenants at the time of sale. The property features five roll doors, an insulated roof, upgraded office and restroom space, upgraded freezer/cooler space, …

PSRS Secures $4.6M Refinancing for Two Retail Properties in Meridian, Idaho

MERIDIAN, IDAHO — PSRS has secured a $4.6 million refinancing for Gramercy and Mason Creek Retail, two retail assets in Meridian. Kostas Kavayiotidis and Jacob Lee of PSRS arranged the 65 percent loan-to-value, nonrecourse loan with a 10-year term and 30-year amortization for the undisclosed borrower.The properties consist of a total of four retail buildings featuring 14 units and 27,022 square feet. All buildings are fully occupied with a diverse mix of restaurants, local and national …

CommCap Advisors Secures $2.3M Loan for Treasure Valley Multifamily Portfolio in Idaho

NAMPA, CALDWELL AND BOISE, IDAHO — CommCap Advisors has arranged a $2.3 million loan for an apartment portfolio in Nampa, Caldwell and Boise.Totaling 20,070 square feet, the portfolio includes 820 and 824 17th Avenue South and 1615 2nd Street in Nampa, 1022 Main Street in Caldwell and 512 Warm Springs in Boise.Stephen Huelsman of CommCap Advisors arranged the 25-year loan, which features a 25-year amortization schedule, through a life insurance

Trammell Crow Breaks Ground on 362,000 SF Spec Industrial Facility in Nampa, Idaho

NAMPA, IDAHO — Trammell Crow Co. has broken ground on Kings Road Commerce Center, a speculative, Class A manufacturing and logistics space in Nampa.Slated for completion in fourth-quarter 2022, Kings Road Commerce Center will feature three buildings offering a total of 362,000 square feet of space. The rear-load buildings will range in size from 99,664 square feet to 150,735 square feet and will accommodate tenants of 25,000 square feet up to 150,000 square feet. The facility will feature …

Pacific Partners Residential Buys Former Transportation Terminal in Boise for Multifamily Redevelopment Project

BOISE, IDAHO — Pacific Partners Residential has acquired a 0.84-acre site in downtown Boise for an undisclosed price. The buyer plans to redevelop the property, which is located at 1212 W. Bannock St. and formerly used as a transportation terminal for the Greyhound Bus Co., into a residential community.Curtis Cluff of Cushman & Wakefield and Matt Haumann of CBRE co-represented the buyer, while Jay Story of Story Commercial Real Estate represented the seller in the

Livingston Street Capital Sells Two Medical Office Buildings in Idaho, Utah for $14.4M

HAYDEN, IDAHO, AND LAYTON, UTAH — An affiliate of Livingston Street Capital has completed the disposition of two medical office properties, totaling 31,500 square feet, in Idaho and Utah. AEI Net Lease Portfolio 19 DST acquired the assets for $14.4 million.The properties, which include a 15,000-square-foot building at 8300 N. Cornerstone Drive in Hayden and a 16,500-square-foot building at 781 Heritage Park Blvd. in Layton, are both fully leased to BioLife Plasma Services, which collects …

Kennedy Wilson Buys Three Multifamily Properties in Idaho, Washington, New Mexico for $264M

MERIDIAN, IDAHO, SHORELINE, WASH., AND ALBUQUERQUE, N.M. — Kennedy Wilson has acquired more than 905 apartment units across three separate transactions in Idaho, Washington and New Mexico. The transactions totaled $264 million, excluding closing costs. The names of the sellers were not released.The communities are the 180-unit Central Park Commons in Meridian, the 221-unit Paceline in Shoreline and the 504-unit AYA ABQ in Albuquerque.Kennedy Wilson has approximately 50 percent …

Blueprint Arranges Sale of 167-Unit Seniors Housing Community in Nampa, Idaho

NAMPA, IDAHO — Blueprint Healthcare Real Estate Advisors has arranged the sale of a seniors housing community in the Boise suburb of Nampa.The single-story community features 107 independent living units, 18 assisted living units and 42 licensed skilled nursing beds.The REIT owner and operator collectively decided to divest the property, as it was the operator’s only Idaho location.Cascades Healthcare acquired the asset for an undisclosed

Pacific Partners Residential Sells 280-Unit Prelude at Paramount Apartments in Meridian, Idaho

MERIDIAN, IDAHO — Pacific Partners Residential has completed the disposition of Prelude at Paramount, an apartment community in Meridian. Pacific Development Partners acquired the asset for an undisclosed price.Danny Shin, Brock Zylstra, Timothy Ufkes, Rich Day and Jake Miles of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Adam Lewis served as Marcus & Millichap’s broker of record in Idaho.Built …

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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