After plans for a solar component warehouse in the old Shopko building in south Boise fell through, a new owner snapped up the property.
LDK Ventures said it purchased the large warehouse building and surrounding land at 1001 E. Gowen Rd. California-based LDK develops industrial, office and residential projects – primarily in the Golden State. The old Shopko property is the company’s first Idaho project.
Revamp and expansion planned
It will rebrand the site as the Boise Logistics Center. It plans to develop the 16 acres surrounding the warehouse for additional industrial projects – and could add as much as 250,000 square feet of space in multiple buildings.
They plan to revamp the empty 347,000 square foot Shopko warehouse and market it for lease.
“Our plans to update the facility will position it to appeal to most any large distribution requirement in the Boise market,” said Denton Kelley, Principal of LDK Ventures. “The existing building can serve multiple tenants, and the site’s undeveloped acreage holds a great deal of potential for growth.”
Shopko closed the distribution center as the chain pulled out of the market and filed for bankruptcy. As BoiseDev previously reported, solar components maker Solitco leased the building, but the deal didn’t come together.