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Lincoln Property Company and OneIM Announce 1M-SF Multi-Phase Industrial Development in Boise, Idaho
The JV broke ground on the first phase of development at Eastport Logistics
Lincoln Property Company (“Lincoln”), a global full-service real estate firm, and its joint venture partner One Investment Management (“OneIM”), a global alternative investment manager, broke ground on a multi-phase industrial development in Boise, Idaho. The project, known as EastPort Logistics, will be delivered across two phases of construction and will include more than one million square feet of Class A logistics space.
“EastPort is a project that has been in the works for several years and we are pleased to move forward in the development process with OneIM as our partner,” said Trever Nicoll, Senior Vice President at Lincoln. “We expect that this project will meet the growing demand for modern logistics space in South Boise from companies that want to expand their industrial footprint in this market. This area is poised for growth, especially with Micron’s projected $15B expansion under construction across the freeway. We believe in the Boise market and in the underlying fundamentals of this high-growth and business-friendly state.”
Phase one of EastPort will include 685,000 square feet across four buildings, ranging in size from 12,500 square feet to 378,560 square feet. Upon full build out, EastPort Logistics will include seven buildings, with features that include clear heights up to 32’, 1,300+ car parking spaces, 168 trailer parking spaces, and 196 dock doors. Additional site features will include thoughtful landscaping, in addition to the construction of a berm to alleviate any light and/or noise from within the site.
For phase one, Mackenzie is acting as the architect of record, Kimley Horn is acting as the civil engineer, and McAlvain is the general contractor. TOK Commercial is handling the marketing and leasing.
Located on a 78-acre site in the Boise Airport submarket, EastPort offers access to two I-84 on ramps within two miles of the site. The Boise Airport is a 10-minute drive from the facility and downtown Boise is reachable by car in less than 20 minutes.
About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 557 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.
About One Investment Management
One Investment Management (“OneIM”) is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach driven by fundamental analysis, focusing on credit special situations and capital dislocations. OneIM seeks to provide tailored capital solutions built on proprietary sourcing and underwriting complexity. OneIM is sector agnostic and targets complex situations that do not fit into a single asset class, where truly bespoke structured investments can offer superior risk-reward dynamics and asymmetrical outcomes. The firm was founded in 2022 and currently manages approximately $7 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo, and New York. For more information, visit: www.oneimgroup.com