Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Former Transportation Terminal Sold for ‘Crown Jewel’ Redevelopment Project in Downtown Boise, ID

Joshua Deale • 3/17/2022
BOISE, ID. – Cushman & Wakefield announced the sale of an ±0.84-acre redevelopment land site in downtown Boise, Idaho. Located at 1212 W. Bannock St and formerly used as a transportation terminal for the Greyhound Bus Company, the land has been slated for redevelopment by the buyer, Pacific Partners Residential, Inc., a large developer and operator of market rate, multi-family residential 1212_Bannock_costar_750x456 communities throughout the western United States.

Curtis Cluff of Cushman & Wakefield and Matt Naumann of CBRE co-represented the buyer in the transaction. Jay Story of Story Commercial Real Estate represented the seller. The property sold for an undisclosed price.

Pacific Partners Residential’s purchase of this excellent downtown location confirms that the Boise MSA is a prime target for the development and acquisition of large, institutional quality assets,” said Curtis Cluff, Director. “Handsome rent growth, historically low vacancy rates and an incredibly high demand for more Class A residential living in the downtown core make the site an ideal location for a flagship property of any portfolio.”

Cluff added, “Pacific Partners’ track record of building award winning properties in emerging markets makes them the perfect fit for the development of what will be the crown jewel of downtown Boise residential living.”
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 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS