JLL’s Capital Markets experts have completed financing of the Adler Boise Industrial Portfolio located throughout the greater Boise, Idaho, area.
On behalf of Adler Industrial, JLL arranged funding to acquire one of the largest industrial portfolios in Idaho, totaling more than 2 million square feet in addition to approximately 400 acres of land for future development. The portfolio is over 95 percent leased.
JLL teamed Adler with a large institutional equity partner on the purchase, while Invesco Real Estate provided financing.
The new owner will execute a value-add management plan for the portfolio, including selling select buildings, developing new product and selling the non-industrial land portions.
