An undisclosed buyer purchased 14,000 square feet of office space in Woodruff Plaza, located at 610 S. Woodruff Avenue in Idaho Falls. Dustin Mortimer of TOK Commercial facilitated the transaction.
Super Chix Idaho, LLC leased 3,044 square feet of retail space in Hillcrest Plaza, located at 2671 E. Sunnyside Road in Ammon. Brent Wilson, Brian Wilson, Holly Chetwood, and John Stevens of TOK Commercial facilitated the transaction.
Hole Foods, LLC leased 1,200 square feet of retail space in Hillcrest Plaza, located at 2675 E. Sunnyside Road in Ammon. Brent Wilson and Brian Wilson of TOK Commercial facilitated the transaction.
Snake River Restaurant Group, LLC leased 1,646 square feet of retail space in Hillcrest Plaza, located at 2681 E. Sunnyside Road in Ammon. Brent Wilson and Brian Wilson of TOK Commercial represented the landlord.
SRA Development, LLC purchased a 19,000 square foot industrial building located at 3385 N. Hawthorne Road in Pocatello. Laurie Reynoldson and Dustin Mortimer of TOK Commercial facilitated the transaction.
The coronavirus pandemic has impacted all aspects of life including how businesses operate. One question that keeps coming up is “How will office space be impacted?”
The past month brought a glimmer of hope for Idaho retailers moving forward. May 1st marked the beginning of Idaho’s Stage 1 of reopening, with many non-essential retailers being allowed to open their doors for the first time in over a month. Stage 2 of reopening began May 16th – allowing for another wave of business owners to open –including dine-in restaurants, salons, and fitness centers. Stage 3 began last week, on May 30th, as most remaining retailers – such as bars and movie theaters – were able to open their doors. Although shopping, entertainment, and services may look different as retailers must still adhere to business protocols – the buzz of excitement is in the air.
In the wake of the COVID-19 pandemic, Idaho retailers are feeling the impact personally. Although Idaho hasn’t enacted a shelter-in-place policy at the time of this post, many cities are starting to mandate social distancing orders which directly impacts restaurants, gyms, retail stores, and more.
In response, retailers are becoming resourceful with many restaurants switching to take-out or delivery, fitness centers adding online fitness videos, and retail stores offering online ordering.
We’ve compiled five frequently asked questions that we hear in our industry, in an effort to provide you with a little more insight into commercial real estate.