Wood Investments Inks Retail Lease in South Idaho

Aerial view of Canyon Park West and Canyon Park East. Image courtesy of Wood Investments Cos.

Wood Investments Cos. has signed a 10-year lease with Natural Grocers at the 160,140-square-foot Canyon Park West shopping center in Twin Falls, Idaho. Cushman & Wakefield brokered the agreement on behalf of the landlord.

The natural and organic groceries retailer will occupy 20,000 square feet at the former Bed Bath & Beyond building, sitting next to Dick’s Sporting Goods at 1933 Fillmore St. The Natural Grocers store is set to open this fall.

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Earlier this year, furniture store chain Ashley HomeStore also signed a 15-year lease at the property. The tenant opened a 18,000-square-foot store on location back in April. Carter’s, Ross Dress for Less, Petco, ULTA Beauty and Old Navy also have leases at the retail center.

The Cushman & Wakefield retail brokerage team comprising Executive Directors Andrea Nilson and LeAnn Hume, Senior Director Travis Dunn, Senior Associate Julie Kissler and Associate Braydon Torres represented the landlord. Earlier this month, the same brokers assisted Wood Investments in signing a 10-year lease with golf retailer PGA Tour Superstore for 42,212 square feet at Gateway Marketplace in Meridian, Idaho.

Twin retail centers in the thriving Magic Valley

Wood Investments also owns the nearby 144,000-square-foot Canyon Park East shopping center, located at 2068 Bridgeview Blvd. The property houses various tenants, including Sportsman’s Warehouse, T.J. Maxx, Michaels, HomeGoods, Best Buy and Famous Footwear.

Canyon Park West and Canyon Park East are located alongside U.S. Route 93, next to Perrine Bridge and Snake River Canyon. The properties are adjacent to Magic Valley Mall, the only enclosed shopping center in the Magic Valley region.

Twin Falls serves both southern Idaho and northern Nevada, attracting a consumer base of around 250,000 individuals from nine counties, said Patrick Wood, CEO & president of Wood Investments Cos., in a prepared statement. Approximately 48,000 individuals currently reside and work on the outskirts of Snake River Canyon, he added.