BoiseDev wrote a great article covering the tasting room that Scoria Vineyards will open at Tenth & Main in downtown Boise. Thornton Oliver Keller's retail brokerage specialist, Brianna Miller, facilitated the transaction.
David Stattner purchased a 5,500 square foot office building located at 1002 Blaine Street in Caldwell.
2018 was a good year for office construction, which experienced an increase of 62,000 more square feet than in 2017. The top 3 projects contributing to this increase were 27,500 SF at 3302 Valencia Dr. (Bingham Memorial Hospital); 22,973 SF at 1460 Elk Creek Dr. (Connections Therapy); and 35,000 SF at 1207 S. 25th (CAL Ranch).
The Foothills School of Boise (https://www.foothillsschool.org/) purchased the 22,500 square foot former Creamery Building in Downtown Boise last month. The building, located at 9th & Miller Streets, had been vacant since Sage International School moved out in 2016 to their new location on Parkcenter Blvd.
TruHIT Fitness leased 3,112 square feet of office space in Seneca Springs Office Park, located at 50 Seneca Springs in Star.
BPM Investments, LLC purchased a 10,632 square foot industrial building on 2.04 acres, located at 1854 E. Lanark in Meridian.
The overall retail vacancy has oscillated in the mid-7 to mid-8 percentage range for the last 2 years. However, the next two months will witness large back-to-back vacancy increases with the closure of the three Treasure Valley Shopko sites. The 95,000 SF Shopko on Fairview will close this March. In April, the Nampa and Broadway Shopkos are also expected to close, totaling 191,000 SF.
In addition to increasing the vacancy rate, these large vacancies will also dramatically decrease net absorption which is currently -83,000 SF for 2019.
Awakenings Our Soul leased 2,920 square feet of retail space in the Brownfield's Building, located at 122 N. 5th Street in Boise.
MODIS, Inc. leased office space in Discovery Pointe, located at 12828 W. Lasalle Street in Boise.
Edward Jones & Co. leased office space at 5605 W. Overland Road in Boise.
Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600
Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694
Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148
Coeur d'Alene Office
3322 N. Grandmill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908
Spokane Office
717 W. Sprague Ave. Suite 1202
Spokane, Washington 99201
Main Phone: 509.606.5090