{"id":1004805695,"date":"2026-07-17T05:44:32","date_gmt":"2026-07-17T13:44:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004805695"},"modified":"2026-07-17T05:44:34","modified_gmt":"2026-07-17T13:44:34","slug":"idaho-industrial-facility-lands-53m-in-acquisition-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/idaho-industrial-facility-lands-53m-in-acquisition-financing\/","title":{"rendered":"Idaho Industrial Facility Lands $53M in Acquisition Financing"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a5a465438f00&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004805660\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fuller84-business-park-nampa-idaho\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/Fuller84-Business-Park-Nampa-Idaho.jpg\" data-orig-size=\"2500,1406\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Fuller84-Business-Park-Nampa-Idaho\" data-image-description=\"&lt;p&gt;Image emailed from JLL to Briefs&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Fuller84 Business Park was completed in 2023. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/Fuller84-Business-Park-Nampa-Idaho.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"576\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/Fuller84-Business-Park-Nampa-Idaho.jpg?w=1024\" alt=\"An aerial photo of Fuller84 Business Park\" class=\"wp-image-1004805660\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/Fuller84-Business-Park-Nampa-Idaho.jpg 2500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/Fuller84-Business-Park-Nampa-Idaho.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/Fuller84-Business-Park-Nampa-Idaho.jpg?resize=768,432 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/Fuller84-Business-Park-Nampa-Idaho.jpg?resize=1024,576 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/Fuller84-Business-Park-Nampa-Idaho.jpg?resize=1536,864 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/Fuller84-Business-Park-Nampa-Idaho.jpg?resize=2048,1152 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Fuller84 Business Park was completed in 2023. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Brennan Investment Group and RGA ReCap Inc. (ReCap Real Estate Investments) on behalf of Reinsurance Group of America Inc. have secured a $52.5 million five-year acquisition loan for three buildings totaling 439,600 square feet in the Fuller84 Business Park, in Nampa, Idaho.<\/p>\n\n\n\n<p>JLL Capital Markets secured the financing from a life insurance company. Bow River Capital sold the assets.<\/p>\n\n\n\n<p>Fuller84 is a 439,600-square-foot, 28-acre industrial property completed in 2023. The buildings are 94 percent leased to five tenants representing the advanced manufacturing, technology and distribution sectors, with a weighted average lease term of seven years.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/cre-trends-at-midyear\/\">CRE Trends at Mid-Year<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The buildings feature 32-foot clear heights, 118 dock-high doors, 12 drive-in doors and 2,500-amp, three-phase electrical service.<\/p>\n\n\n\n<p>The buildings are located at 5200, 5250 and 5300 E. Franklin Road. The park is half a mile from Interstate 84 and 1 mile from the State Highway 16 expansion currently under construction.<\/p>\n\n\n\n<p>The JLL Capital Markets team was led by Senior Managing Directors Leon McBroom and Matthew Schoenfeldt, Managing Director Lucas Borges, Senior Director Rob Bova and Analyst Caden Cramer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-growing-industrial-strength\">Growing industrial strength<\/h2>\n\n\n\n<p>JLL noted that Nampa\u2019s manufacturing sector accounts for more than 17 percent of the local workforce, almost double the national average. Further, the Boise-Nampa metro area is experiencing robust growth, with average annual population growth estimated at 1.3 percent over the next five years.<\/p>\n\n\n\n<p>In addition, the region\u2019s economy is being boosted by Micron Technology\u2019s $50 billion semiconductor manufacturing expansion, the largest private investment in Idaho\u2019s history and expected to create more than 15,000 jobs when production begins next year. The move is part of a broader trend of <a href=\"https:\/\/www.commercialsearch.com\/news\/is-industrial-cre-benefiting-from-tariffs-and-reshoring\/\">manufacturing reshoring<\/a> across the country.<\/p>\n\n\n\n<p>Last year, Bow River Capital secured a $70.3 million refinancing loan for Park84, a seven-building, 605,570-square-foot industrial park about 4 miles from Fuller84. In that deal, too, JLL Capital Markets arranged the debt placement.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A joint venture acquired the asset.<\/p>\n","protected":false},"author":882,"featured_media":1004805659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21783,21742,15],"tags":[52931,33335,32796,39218],"class_list":["post-1004805695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-investment","category-latest","category-west","tag-bow-river-capital","tag-brennan-investment-group","tag-jll","tag-reinsurance-group-of-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Idaho Industrial Facility Lands $53M in Acquisition Financing - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"A joint venture acquired the Fuller84 Business Park in Nampa, Idaho, from Bow River Capital. 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