The Situation: Seeking a Second Location for Restore

• Restore, a hyper wellness company offering services such as IV Drip Therapy, Cryotherapy and Hyperbaric Oxygen Therapy, recently opened their first Treasure Valley location at The Village at Meridian.
• With a strong first location opening, the owner of Restore Meridian was looking to expand their storefronts in Boise.
  

As the construction of the 11th & Idaho office building quickly progresses, anticipation abounds as the project is slated to welcome office tenants by year's end.

Pho 7, LLC leased 2,830 square feet of retail space in Venture Pointe, located at 732 Caldwell Boulevard in Nampa. Brianna Miller of TOK Commercial facilitated the transaction.

Dharma Sushi leased 1,722 square feet of retail space in Brownfield's Building, located at 122 N. 5th Street in Boise. Holly Chetwood 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.  

Copper Alibi Sport Zone leased 3,130 square feet of retail space in Campus Commons Center, located at 677 Filer Avenue in Twin Falls. Dan Wilhelm and Grayson Stone of TOK Commercial facilitated the transaction.

The retail industry saw the largest impact from COVID-19, but in the Boise MSA that impact is still only minimal thus far.

Net absorption decreased in Q2 but still ended the quarter in positive territory (131,000 square feet), compared to negative absorption (-320,000 square feet) a year ago.

Although retail vacancy has seen a slight up-tick since Idaho’s economic shutdown, Total Vacancy (8.4%) in the Boise MSA is still lower than it was this time last year and Unanchored Vacancy (7.23%) is just slightly above the 20-year record low of 6.2% reached this March.