Former Transportation Terminal Sold for ‘Crown Jewel’ Redevelopment Project in Downtown Boise, ID
Joshua Deale • 3/17/2022
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.”
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.