Meridian-based developer Ball Ventures Ahlquist put several landmark properties up for sale.
This month, BVA opted to list for sale several of its flagship buildings, including at Ten Mile Crossing and Eagle View Landing in Meridian, Pioneer Crossing in downtown Boise and a nearby Front Street parking garage. The portfolio of properties totals roughly 484,000 square feet and is going for $112,400,000.
BVA CEO Tommy Ahlquist told BoiseDev the sale has been in the works for the past six months and will help fund another phase of development by his company.
“We’re just taking a small portion of our portfolio and selling them,” he said. “We have around seven new buildings in the works, and we’re recapitalizing, and sometimes it’s time to do that, so we packaged them together… We constantly track our capital and new investment, and this was the right thing to do.”
Ahlquist says no matter who buys the properties, they will continue to be managed by BVA.