The Treasure Valley’s industrial park boom continues.
Adler Industrial announced it would build a new park for industrial users in Nampa at Northside near I-84. The new project, known as AI Northside Industrial Park, will add 280,000 square feet of industrial space across two buildings.
Tenant spaces as small as 28,000 square feet will be available. Adler said the project will include a 200-foot-wide truck court, LED motion sensor lighting and other features. It will include parking for 168 vehicles.
The project should wrap up and welcome tenants starting in 2021.
Adler Industrial entered the Boise market with the purchase of the Van Auker Companies’ portfolio of properties across the area. The deal is one of the largest real estate transactions ever completed locally.
Flurry of new projects
AI Northside joins a flurry of new industrial projects in the works or under construction along the Interstate 84 coridoor.
- Boyer Co. and the City of Boise partnered on a multi-phase industrial park of Eisenman Rd. south of I-84 in Boise. The first of several phases includes a 168,000 square foot building. The Gateway Industrial Park will include more than 1.6 million square feet of space at buildout, across 22 buildings.
- Adler is also at work on a 120,000 square foot industrial park in the same area of south Boise.
- Ball Ventures Ahlquist plans the North Ranch Business Park on Highway 20/26 in Caldwell. It will feature more than 1.5 million square feet, including industrial, medical and retail.
- Amazon is in the final stages of construction on a 650,000 square foot fulfillment center near the Idaho Center in Nampa. The center is expected to add delivery capacity for the online retailer in the region.
According to the most recent data from TOK Commercial, industrial vacancy stands at just 3.3% in Ada County and 4.05 in Canyon County – for an average for the two county region of 3.55%. Just 1.4 million square feet of space is vacant across more than 39.8 million available square feet. The firm’s historical tracking shows the vacancy rate below the 3% mark since 2017.