2018 has been a booming year for commercial construction in Twin Falls. According to The East Idaho Business Journal, the number of new commercial buildings has nearly doubled from 2017. There have been 59 new commercial building permits issued this year with an estimated total value of $63 million.
Tyler Industries, Inc. leased 1,040 square feet of industrial space in Centurion Building C located at 2167 Centurion Place in Boise, Idaho. Tyler Industries provides custom manufacturing of computer components. Gavin Phillips and Chris Pearson, SIOR of Thornton Oliver Keller Commercial Real Estate facilitated the transaction.
Rural Haze, LLC leased 3,092 square feet of space at 3621 E. Newby Street in Nampa, Idaho. Rural Haze provides sales of apparel and footwear. Chris Pearson, SIOR of Thornton Oliver Keller Commercial Real Estate facilitated the transaction.
For years I've heard from people arriving in Boise from out-of-state, that they were shocked by the lack of urban living options in downtown. As of 2018, that is no longer a concern. There are now over 1,000 dwelling units under construction or planned in the downtown submarket. This is a big market indicator for retailers because these are the people who will be spending their money in this submarket with increasing frequency and will spread across more categories than the 9-5, M-F demographic which only works in downtown Boise.
There’s just something about a downtown culture that can’t be replicated. You can’t plug in a formula and mass produce Boise’s downtown scene anywhere else across the country. This is what makes doing business in a downtown setting so unique and rewarding. A majority of our retailers are local, and a majority of our patrons are loyal to local. This is special and worth protecting while we foster productive growth in our city. We are naturally experiencing a nice balance of local, regional, and national retailers in the downtown core and that’s not by accident.
The sale of the Salvation Army’s Marian Pritchett School property located in Boise's North End was just finalized. John Stevens, CCIM, a partner at Thornton Oliver Keller who specializes in commercial real estate investment property, represented the Salvation Army. The Idaho Business Review wrote a very informative article about the property's sale.
The former Kmart building located on Fairview Avenue in west Boise is now fully occupied. The building's new tenant, Woodland Kids, leased the last available 12,000 square feet.
IOU SUSHI renewed their lease of 1,700 square feet in the Fairview/Milwaukee Plaza located at 1517 N. Milwaukee in Boise, Idaho.
Boise Medical Center LLP purchased a 10,600 square foot office building at 1200 Garrity Blvd. in Nampa, Idaho.
Idaho Kettlebell Strength and Conditioning leased 1,293 square feet of retail space in the Eagle Pavilion retail center, located next to Albertsons on South Eagle Road, in Eagle, Idaho.
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