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Cushman & Wakefield Salt Lake City Capital Markets Team, Led by Kip Paul, Sells Largest Office Portfolio Transaction in Boise, Idaho History

8/5/2019

BOISE, ID. August 5, 2019 – Cushman & Wakefield today announced the record-setting disposition of the Clearwater Building and U.S. Bank Plaza in Boise, Idaho, totaling 385,368 square feet (sf).

Clearwater Building Boise

Clearwater Building & U.S. Bank Plaza in Boise, Idaho

The Cushman & Wakefield Salt Lake City team of Kip Paul and Jorgi Paul, along with the Cushman & Wakefield Pacific Alliance Office team of LeeAnn Hume and DJ Thompson, represented the seller, the Gardner Company, in the sale.

The Clearwater Building, totaling 126,859 sf, consists of a Class-A office which serves as the headquarters for Clearwater Analytics, the leading provider of web-based investment portfolio reporting. The building also includes premium retail space occupied by the Boise State University retail store, Double Standard Kitchenetta, Buffalo Wild Wings, Dutch Bros. Coffee, Gyro Shack and Tropical Smoothie Café.

U.S. Bank Plaza is a 19-story, 258,368 sf Class-A office building featuring dozens of prestigious tenants including but not limited to: Macy’s.com, Piper Jaffray, Tumwater Wealth, Stoel Rives, Morgan Stanley and U.S. Bank.

“Located at the junction of the Pacific Northwest and the Intermountain West, the Boise Metro offers an unparalleled quality of life, and has attracted a thriving mix of high-tech, corporate headquarters and manufacturing businesses, along with a young, educated workforce,” said Kip Paul, Vice Chairman, Investment Sales at Cushman & Wakefield Salt Lake City. “Boise has proven itself to be a place where global companies can establish a significant presence and prosper.”

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

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