Press release
Alturas Capital purchases 43,426 SF Office Property in Boise, ID
Alturas has extensive plans to renovate the property, including new contemporary signage, landscaping and facade improvements, and exterior LED lighting upgrades.
“Cottonwood Plaza compliments our growing and diverse portfolio very well, it is a centrally located asset with great in-place tenancy. We are excited for this latest addition.” said Devin Morris, Director of Acquisitions and Asset Management.
Guy Livingston and Jim Hosac of Intermountain Commercial Real Estate represented the seller in the transaction and Alturas has retained them to assist in leasing the remaining vacancy.
“We are looking forward to working with our team to enhance the property,” said Alturas Capital Partners President Travis Barney. “Our hands-on tenant friendly approach to leasing and management, combined with the significant property improvements we are undertaking, will make Cottonwood Plaza a great place for our current and future tenant clients to operate their businesses for years to come.”
This is the twentieth commercial real estate acquisition for the Alturas Real Estate Fund and twelfth in the Treasure Valley. With this acquisition, Alturas has approximately 725,000 square feet in assets under management.
Alturas Capital Partners is a Boise, Idaho based commercial real estate investment company. The company actively invests in office, industrial and retail properties, with a focus on the Pacific Northwest and Intermountain West. Alturas manages several properties in Idaho, Washington, and Arizona. Since 2009, the firm has made investments valued at over $250 million and is actively seeking to acquire additional assets in the Western United States.
Alturas Capital Partners
500 E. Shore Dr., Suite 120
Eagle, ID 83616
(208)391-4445
Brent Carnduff
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