Dec
10
Cushman & Wakefield | Commerce Wraps up Year with Strong Numbers in Boise Commercial Real Estate

BOISE, ID—Dec. 10, 2014—The Boise office of Cushman & Wakefield | Commerce today announced several successful 2014 sale and lease transactions negotiated on behalf of clients in the Boise market. The volume of transactions is indicative of the growing and improved market conditions in Idaho.

“This year, the Boise commercial real estate market has kept pace with the overall robust U.S. economy,” said Tim Reid, Managing Director at Cushman & Wakefield | Commerce. “We can expect to see new entrants in the market as more national firms realize the strength of the Boise economy, with the resulting inflow of investment continuing to fuel growth in the market.”

In the Boise real estate market, Cushman & Wakefield | Commerce represented parties in a number of transactions at The Village at Meridian, Idaho’s premier lifestyle center. These transactions included Regus Corporation, First American Title Company, Café Zupas, Corner Bakery Cafe, Mountain West Bank, and Noodles & Company.

Similarly, at 8th & Main, Idaho’s newest and tallest Class A office tower, Cushman & Wakefield | Commerce negotiated leases for Parson Behle & Latimer, First American Title Company, and Mercer & Company.

Notable on all of these transactions is that the tenants in both locations are national and regional tenants, a trend that supports Boise’s growth in an active maturing market.

Additionally, Cushman & Wakefield | Commerce directed the following transactions:

  • Caldwell Commons
    • Purchase of land – Represented Buyer
    • Grocery Outlet Lease – Represented Landlord and Tenant
    • Sale of parcel to CBC Popeyes, LLC, facilitated Popeye’s lease, and represented Landlord in Investment Sale
    • Sale of parcel to CBC Freddy’s LLC, facilitated Freddy’s Frozen Custard and Steakburgers lease, and represented Landlord in investment sale
    • Sale of parcel for construction of a multi-tenant retail building
  • 2110 Blaine & 0 21st Street
    • Purchase of land – Represented Buyer
    • Pita Pit and Human Bean leases
    • Sale of property to Investor – Represented Buyer and Seller
  • 5418 Eagle Road, Boise.
    • Leased all vacancies – Represented Landlord
    • Sold as Investment – Represented Seller
  • Nampa Gateway Center
    • Purchase of land – Represented Buyer
    • Popeyes Lease – Represented Landlord and Tenant
    • Freddy’s Frozen Custard and Steakburgers lease
  • 6907 Strawberry Glen, Boise
    • Dollar Tree Lease – Represented Landlord and Tenant
  • 120 E 40th Street, Garden City; Service Experts Industrial Building– Represented Seller
  • 2970 St Lukes Drive, Meridian; Mountain West Bank – Represented Seller
  • 4122 Yellowstone, Pocatello; Cobblestone Multi-Tenant Retail Building  - Represented  Seller
  • 675 N Milwaukee, Boise; Mattress Firm – Represented  Buyer


About Cushman & Wakefield | Commerce

Cushman & Wakefield | Commerce, headquartered in Salt Lake City, Utah, is an independently owned and operated member of the Cushman & Wakefield Alliance with offices throughout Utah, Nevada, Washington and Idaho. The firm partners with its sister company Cushman & Wakefield | NorthMarq to provide innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory. Together the firms manage more than 52 million sq. ft. of retail, industrial, and office assets, have annual revenues of more than $100 million, and employ more than 750 professionals. Learn more at www.comre.com; www.cushwakenm.com. C&W | Commerce and C&W | NorthMarq are part of the Cushman & Wakefield platform, which is the world’s largest privately-held commercial real estate services firm with 250 offices in 60 countries globally. www.cushmanwakefield.com.

About Cushman & Wakefield

Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.

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