Ultimate Logistics, LLC leased 10,500 square feet of industrial space located at 4665 S. Enterprise Street in Boise. Chris Pearson of TOK Commercial facilitated the transaction for the tenant and landlord.
ESA Meridian Hospitality, LLC purchased 2.15 acres located at 3437 E. Pine Avenue in Meridian. Michael Ballantyne and Sam McCaskill of TOK Commercial represented the seller.
Greyloch Custom Cabinetry, Inc. renewed their 5,437 square feet of industrial space located at 75 W. Taylor Street in Meridian. Gavin Phillips of TOK Commercial facilitated the renewal for the tenant and landlord.
Transaction volume picked up significantly in the second quarter, with an increase of over 50 percent in the amount of office square footage absorbed. Midway through the year, net absorption in the Office market already outpaced the amount seen at the end of 2020. Meridian and Downtown Boise have had the most net absorption occur, 192,000 square feet and 105,000 square feet, respectively. Projected supply for Meridian, the market’s second-largest submarket, is currently 10 months.
Hydrus Technologies, LLC renewed their 2,880 square feet of industrial space in the Eagle Industrial Center, located at 1768 E. State Street in Eagle. Chris Pearson and Gavin Phillips of TOK Commercial facilitated the renewal for the tenant and landlord.
SINGLE TENANT, NNN INVESTMENT OPPORTUNITY | Located at one of the busiest intersections in Idaho Falls!
Tra Boba Milk Tea Cafe leased 900 square feet of retail space in Shops at Spectrum Pointe, located at 1460-1492 S. Entertainment Avenue in Boise. Brianna Miller of TOK Commercial facilitated the transaction for the tenant and landlord.
ZD Investment Property, LLC purchased 33 acres of industrial land located at 9778 E. Cherry Lane in Nampa. Gavin Phillips and Chris Pearson of TOK Commercial facilitated the transaction for the buyer and seller.
A developer purchased 0.54 acres of land located at 3203 N. Milwaukee Street in Boise. Sam McCaskill of TOK Commercial facilitated the transaction for the buyer and seller.
The Retail market experienced a boost in activity during the second quarter, with both gross and net absorption rising dramatically versus Q1 and overall transaction volume up over 60 percent (by number of deals). As a result of this strong market activity, overall vacancy has declined from 8.6 percent to 7.2 percent.
Boise Office
250 S 5th Street, Suite 200
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