Firm Expands Operations with Grand Opening at Fourteen Forty-Four
Boise, ID (November 16, 2017)—Coldwell Banker Commercial Advisors (CBC Advisors) opened a new Class-A office located at 1444 S Entertainment Avenue in Boise.
CBC Advisors debuted its 4,080-square foot Boise office on November 2 at an open house event. The firm relocated from its 800-square foot office space in downtown Boise. The new location features window offices overlooking Treasure Valley, collaborative workspaces a full-sized conference room and kitchen as well as state-of-the-art printing and mapping technology in a spacious workroom. The building is in close proximity to local retailers, including quick-service and dining restaurants.
“Idaho produces one of the most successful environments for business in the United States,” said Lew Cramer, CEO of CBC Advisors. “We are excited to introduce our new office, grow market influence and deliver results for clients throughout the greater Boise area.”
The firm looks to add approximately a dozen agents over the next year. Sherry Schoen, vice president of the Boise office, has led brokerage efforts since CBC Advisors entered the market in 2011. Schoen represents Alturas Capital, the owner of Fourteen Forty-Four Entertainment. The building sat 60% vacant for over 10 years. After CBC Advisors received the listing, 22,000 square feet was leased within the first 120 days. The building is currently less than 6% vacant.
“This new office reflects a standard of excellence and provides our professionals with a world-class, full-service commercial brokerage facility,” said Steve Bogden, the principal broker who oversees operations for CBC Advisors’ seven offices in the Intermountain region. “We project to have at least six new agents come on board in the next four months.”
Perched above the freeway at Overland, Fourteen Forty-Four is one of the most prominent buildings in Boise. It has direct access to Interstate 84. The building is located two minutes from the airport, four minutes to downtown Boise and eight minutes to Meridian. Recent trends show tenants in Boise looking to the suburban areas of Treasure Valley for larger and newer space.
As a full-service commercial real estate brokerage, CBC Advisors represents premier office, retail, investment, industrial and multifamily projects coast to coast while providing institutional-grade asset services nationwide. Coldwell Banker Commercial operates in key markets throughout the U.S. and abroad.