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October 21, 2020
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Wood Investments Companies Inc Buys 300k sf of Retail Assets in Idaho


Wood Investments Companies Inc acquired two retail properties totaling roughly 300k sf on 3.17 acres in Twin Falls, Idaho. The two properties, Canyon Park East and Canyon Park West shopping centers, are 100%-leased, institutional-quality, retail assets with a value-add opportunity.

Located at 2068 Bridgeview Blvd, the 154.7k sf Canyon Park East shopping center includes tenants Sportsman’s Warehouse, TJ Maxx, Michaels, HomeGoods, Best Buy and Famous Footwear. The acquisition also included two freestanding net-leased pads with successful national restaurant chains Outback Steakhouse and Johnny Carino’s.

The 143.8k sf Canyon Park West shopping center is located at 1945 Fillmore St and includes Dick’s Sporting Goods, Ross Dress for Less, Bed Bath & Beyond, Petco and Ulta Beauty.

Canyon Park West and East are situated along the Sank River Canyon immediately south and west of Perrine Bridge in the retail hub of Idaho’s popular Twin Falls, adjacent Magic Valley Mall. Magic Valley Mall is the only regional enclosed shopping center in the eight county Magic Valley region and has been serving Southern Idaho since 1986.

Twin Falls is located between Boise and Salt Lake City and is the largest metropolitan area and the fastest-growing city in the Magic Valley region of southern Idaho. The two shopping centers are served by major highways including US Route 93 and US Route 30.

“Both centers benefit from an exceptional tenant line-up, excellent visibility, quality construction, curb appeal and a strong location in the heart of the Twin Falls retail core,” said Managing General Partner Patrick Wood of Wood Investments Companies. “We are looking forward to implementing our development plan and growing the NOI.”

Paul Sleeth, Billy Sleeth and Patrick Allen of Newmark Knight Frank represented the seller, Geronimo LLC, a Utah limited liability company, and Base Jumper LLC, an Idaho limited liability company. Wood Investments Companies represented itself.

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