Idaho

Wood Investments Cos. Acquires CentrePoint Marketplace in Meridian, Idaho for $35 Million

by Julia Sanders March 30, 2021

Meridian, Idaho — Wood Investment Cos. Inc. has acquired CentrePoint Marketplace 197,288-square-foot shopping center in Meridian, for $35 million. Built in 2007, CentrePoint Marketplace is located on 19.3 acres at 3319 N. Eagle Road at the intersection of East Ustick Road and Eagle Road. The property is fully leased to tenants including Kohl’s, Dick’s Sporting Goods, Walgreens, Qdoba Mexican Eats, Panera Bread and Wingers Restaurant & Alehouse. Chad Moore of Mountain West Commercial Real Estate represented Wood Investments Cos. in the acquisition of the center from Centrepoint Marketplace LLC, a …

March 30, 2021

Finance Idaho News Utah Washington

JLL Capital Markets Arranges $274.4 Million Refinancing for Six-Property West Coast Retail Portfolio

by Katie Sloan February 25, 2021

Seattle; Boise, Idaho; and Salt Lake City — JLL Capital Markets has secured $274.4 million in financing for a six-property portfolio of core-quality retail centers totaling 2.7 million square feet across Seattle, Boise and Salt Lake City. The borrower is a joint venture between CenterCal Properties, a large pension fund and its advisors Principal and PCCP. The financing includes five separate 10-year, fixed-rate, non-recourse CMBS loans provided by JP Morgan Chase. Loan proceeds were used to retire existing debt and rebalance leverage across the portfolio. The portfolio consists of four grocery-anchored shopping centers, one power …

February 25, 2021

Development Idaho News Retailers

ShowBiz Cinemas to Develop Entertainment Center in Idaho Falls, Idaho

by Alex Tostado February 11, 2020

Idaho Falls, Idaho — ShowBiz Cinemas plans to develop one of its Bowling, Movies and More! entertainment centers at Jackson Hole Junction in Idaho Falls. This location will be ShowBiz Cinemas’ first complex in Idaho; the company currently operates locations in Texas, Oklahoma and Florida. Slated to open in December, the entertainment center will be located at Sunnyside Road #116 Exit off Interstate 15. Construction is currently underway, with the official groundbreaking ceremony scheduled for Feb. 27. Bowling, Movies and More! entertainment center at Jackson Hole Junction will feature 14 …

February 11, 2020

Idaho Investment sales News Retailers

Geronimo Divests of Two-Property Retail Asset in Idaho for $50.9 Million

by Alex Tostado January 6, 2020

Twin Falls, Idaho — Geronimo has completed the sale of Canyon Park East and Canyon Park West, a two-property retail asset located in Twin Falls. Wood Investments Cos. acquired the asset for $50.9 million. Located at 2068 Bridgeview Blvd. and 1945 Fillmore St., the properties were 100 percent leased at the time of sale. Current tenants include Ross Dress for Less, Ulta Beauty, Bed Bath & Beyond, Petco, Dick’s Sporting Goods, HomeGoods, TJ Maxx, Best Buy, Michaels, Sportsman’s Warehouse and Famous Footwear. Paul Sleeth, Billy Sleeth and Patrick Allen of …

January 6, 2020

Company news Idaho News Retailers

Albertsons to Buy Drugstore Chain Rite Aid

by Camren Skelton February 22, 2018

Boise, Idaho — Boise-based grocery chain Albertsons Cos. has agreed to acquire Rite Aid Corp. (NYSE: RAD), one of the nation’s largest drugstore chains, for an undisclosed sum.

February 22, 2018

Development Idaho News

Millennial Development Partners Announces Plans for Master-Planned Community in Idaho

by Camren Skelton February 15, 2018

Pocatello, Idaho — Millennial Development Partners has announced plans for Northgate District, a master planned community located in Pocatello, a city in southeastern Idaho.

February 15, 2018

Idaho Investment sales News

Pine Tree, Partner Acquire Shopping Center in Idaho for $78.7 Million

by Camren Skelton February 13, 2018

Meridian, Idaho — Pine Tree LLC, in partnership with a U.S. state pension fund, has acquired Meridian Crossroads, a 527,000-square-foot shopping center in Meridian, for $78.7 million.

February 13, 2018

Alabama Florida Georgia Idaho Investment sales News Tennessee

RCG Ventures Sells Five Retail Centers Across Southeast, Acquires Center in Idaho

by Camren Skelton February 5, 2018

Atlanta — Atlanta-based RCG Ventures has sold five retail centers across the Southeast and acquired an asset in Idaho.

February 5, 2018

Idaho Investment sales News

HFF Secures Acquisition Loan for 471,340-Square-Foot Retail Center in Idaho

by Camren Skelton December 7, 2017

Nampa, Idaho — HFF has arranged senior financing for the acquisition of Nampa Gateway Center, a 471,340-square-foot retail center in Nampa, a suburb of Boise.

December 7, 2017

Features Idaho Nevada SCBlog

Successful Retail Properties Boost the Bottom Line with an Experiential Approach

by Scott Reid December 16, 2014

Shoppers are now looking for retail centers where they can connect with their community and share experiences with family and friends. How do retail centers leverage this shift in retail experience to impact their bottom line?

December 16, 2014

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