Pho 7, LLC Leases Space on Caldwell Blvd.
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 Leases Space in Brownfield's Bldg.
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.
Hillcrest Plaza Welcomes New Tenant Super Chix
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 Leases Space in Hillcrest Plaza
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.
Hillcrest Plaza Welcomes New Restaurant
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 Opens in Campus Commons Ctr.
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.
Retail Construction in Treasure Valley Slows in 2019
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.
Downtown Boise Retail Vacancy – Lowest on Record
Downtown Boise’s overall retail vacancy ended May at 3.7% - the lowest rate on record. Currently, the submarket sits with less than 34,000 SF of vacant space – smaller than the size of one big-box space.
Check out the retailers moving to Downtown Boise:
Retail Market Trends - Meridian Submarket Leads In Transactions
The Meridian submarket leads the way for the Treasure Valley’s retail market transactions. Net absorption is the strongest at 21,000 SF with 21 deals occurring YTD.
Projected supply is 15 months, which is within the 6-18 month healthy range. The largest deal YTD occurred when Steelz purchased 2150 Fairview Avenue, occupying 13,200 SF of the building.
Costco is Coming to Idaho Falls
Idaho Falls, the 4th largest city in Idaho, is finally welcoming Costco. Thornton Oliver Keller’s own Brent Wilson is representing the big-box retailer, who plans on building a 150,000 square foot store at the intersection of Lincoln and Hitt Roads. The facility will also include a 15-30 pump fueling station.