Kilmainham Purchases 452 South Park Ave
Kilmainham, LLC purchased 452 South Park Ave. West in Twin Falls. Grayson Stone, Mike Greene and Peter Oliver of TOK Commercial represented the seller.
Fred Astaire Dance Studio Joins 1511 W Main St
Fred Astaire Dance Studio leased 3,608 square feet of retail space located at 1511 W. Main Street in Boise. Holly Chetwood of TOK Commercial represented the tenant.
Facilities Engineering
Service scope
- (Current property maintenance description)Staffed by experienced, professional maintenance engineers, our team creates customized preventive maintenance programs and offers 24/7 availability for after-hours issues.
-Highly skilled leadership and maintenance technicians with years of experience in Class A/Commercial High Rise facility maintenance and operation.
-24/7 emergency response thru after hours response program
-Industries Served
-Amount of full service properties in our portfolio
Q1 Industrial Total Vacancy Hit A Historic Low Of 1 Percent
The beginning of 2022 continued to see strong activity from large industrial users with 25 percent of Q1 deals being over 10,000 square feet. The rise in large deals in addition to limited vacancy has ultimately pushed net absorption to record breaking numbers the past three years as well as sparked bigger speculative developments throughout the valley. Between the years 2015 to 2019, there were five speculative buildings delivered that were over 80,000 square feet. Since 2020, six spec buildings have delivered over 80,000 square feet with an additional 22 buildings currently under construction or planned to be complete by 2023.
CAK Properties Acquires 1718 S Millennium Way
CAK Properties, LLC purchased 1718 S. Millennium Way in Meridian. Chris Pearson and Patrick Shalz of TOK Commercial facilitated the transaction for the tenant and landlord.
Eagle Island Marketplace Leases Space to UPS
UPS Store leased 2,400 square feet of retail space in the Eagle Island Marketplace, located at 6700 N. Linder Road in Meridian. Mark Schlag of TOK Commercial represented the landlord.
2667 E. Gala Court Purchased by Jacksonia Corporation
Jacksonia Corporation purchased a 10,000 square foot, 100% leased, Class A office building located at 2667 E. Gala Court in Meridian. John Stevens of TOK Commercial facilitated the transaction for the buyer and seller.
Nurturing Connections Leases at 1379 E. 17th St
Nurturing Connections leased 3,077 square feet of office space located at 1379 E.17th Street in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction for the tenant and landlord.
805 Northgate Mile Leases Industrial Space
Home Health Environmental leased 3,250 square feet of industrial space located at 805 Northgate Mile in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction for the tenant and landlord.
Office Leases in Class A Space Led the Market in Q1 2022
The amount of sublease space on the market has been increasing since the beginning of the pandemic, both locally and nationally. Many companies, such as call centers, transitioned their staff to work from home setups and some have decided not to return to the office. In many cases, those choosing not to return are national tenants whose policy across the nation is to remain in work from home situations. Pre-COVID, the amount of sublease space on the market in the Boise MSA was 137,000 square feet. Currently, there is 417,000 square feet of sublease space on the market, down slightly from the peak of 466,000 square feet. Downtown Boise and Meridian comprise over 50 percent of the total on the market.