Retail construction in the Treasure Valley has been minimal this year with the only active sector being single-tenant pad buildings. As construction costs continue to increase, many developers have found that single-tenant buildings (with a tenant in-tow) present far less risks than spec construction.
New single-tenant pads include O’Reilly off of Idaho Center Blvd., Del Taco in Caldwell, and PIVOT Lifestyle + Fitness Center at Ten Mile Crossing.
The Center for Behavioral Health Management, Inc. leased 5,105 square feet of office space in the Mercantile Building, located at 404 S. 8th Street in Boise.
Carrie Grant Photography leased 1,308 square feet of office space in Bown Crossing, located at 3137 S. Bown Way in Boise.
Mohammed Nouman & Jamal Aijumaili leased 1,201 square feet of retail space in Oak Park Retail, located at 2273 S. Vista Avenue in Boise.
Happy Teriyaki leased 1,135 square feet of restaurant space at 1011 Broadway Ave. in Boise.
Stage.O Advisory Services, LLC leased 6,420 square feet of office space in the Regan House, located at 110 W. Main Street in Boise.
Garage Slick leased 1,546 square feet of industrial space located at 3621 E. Newby Street in Nampa.
Idaho Falls brokerage services specialist, Brent Wilson was recently interviewed by the Post Register on the future of vacant retail space in the Eastern Idaho commercial real estate market. In the article, Brent mentions that there is interest in Idaho Falls’ vacant retail space. However, he expects the buildings to be reused in new ways.
“It’s what we call adaptive reuse,” Wilson said. “The businesses are going to be the experiential/entertainment-type of uses, golf simulation for one example. There’s also going to be multiple vocational schools occupying big box buildings.”
Waste Connections of Idaho leased 10,632 square feet of industrial space located at 1854 E. Lanark in Meridian. You can learn more by reading the article that the Idaho Press wrote about this new location for the company.
The food processing industry continues to grow in the Magic Valley. McCain Foods, the world's largest manufacturer of frozen potato products, recently celebrated the grand opening of their new 259,000 square foot facility in Burley, Idaho. The project began construction in February 2018 and is a roughly a $200 million investment.
Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
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Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
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1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
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3322 N. Grandmill Lane
Coeur d'Alene, Idaho 83814
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717 W. Sprague Ave. Suite 1202
Spokane, Washington 99201
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