The industrial market had another banner year in 2020, ending the year with record-breaking absorption, construction, and total number of transactions. The most notable project of the year was the 2.6 million square foot Amazon Distribution Center in Nampa, making the company a dominant player in the local industrial market and ultimately creating more economic growth throughout the Treasure Valley.
With industrial product in high demand in the Treasure Valley and vacancy consistently at record lows, users are awaiting new construction product to enter the market to meet their demand in 2021.
NXNW Boise, LLC renewed their industrial space in Westpark Corp Campus, located at 9933 W. Emerald Street in Boise. Patrick Shalz and Chris Pearson of TOK Commercial facilitated the transaction.
TOK Commercial is now offering an excellent industrial flex property for sale, located in Pocatello at the corner of S. 2nd Avenue and Carter Street.
The Magic Valley is home to a variety of leading manufacturing and agricultural corporations, including Chobani, Clif Bar, Jayco, Glanbia, Conagra, and more. It serves as a primary corridor for manufacturing and distribution between Northern and Southern Idaho. However, there has been a lack of leasable large-scale industrial inventory in the area impeding the ability for growth and expansion.
Eastern Idaho, like the rest of the U.S., is experiencing an exceptionally high demand for well-located industrial space. Warehouse, logistics, and distribution sites are an essential component of the economy's expansion into online commerce, and businesses of all sizes are pivoting to remain competitive. The industrial property offered for lease at 3875 American Way in Idaho Falls, is a perfect fit for tenants searching for space to facilitate their distribution or manufacturing requirements.
ABEL Corporation USA leased 11,250 square feet of industrial space in Airport Distribution Center, located at 1049-1077 Boeing Street in Boise. Mike Greene, Peter Oliver, Dan Minnaert, and Devin Pierce of TOK Commercial facilitated the transaction.
Bennett Maple Grove, LLC purchased seven industrial condos consisting of 24,583 square feet of industrial space located at 2723 - 2769 S. Cole Rd. and 7424 - 7448 W. Mossy Cup in Boise. Gavin Phillips of TOK Commercial facilitated the transaction.
Long Range America, LLC leased 8,680 square feet of industrial space located at 33 N. Phillippi in Boise. Chris Pearson of TOK Commercial represented the tenant.
Bennett Industries, Inc. purchased three industrial buildings totaling 93,511 square feet located in the Maple Grove Center in Boise. Gavin Phillips of TOK Commercial facilitated the transaction.
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
Main Phone: 208.378.4600
Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694
Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148
Coeur d'Alene Office
3322 N. Grand Mill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908