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September 22, 2023
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Pacific Partners Residential Buys Redevelopment Site in Downtown Boise


Pacific Partners Residential Inc purchased an 0.84-acre redevelopment land site in downtown Boise. The site, located at 1212 W. Bannock St, was formerly used as a transportation terminal for the Greyhound Bus Company.

Curtis Cluff of Cushman & Wakefield and Matt Naumann of CBRE co-represented the buyer, a large developer and operator of market rate, multi-family residential communities throughout the western United States. Jay Story of Story Commercial Real Estate represented the seller. The property sold for an undisclosed price.

“Pacific Partners Residential’s purchase of this excellent downtown location confirms that the Boise MSA is a prime target for the development and acquisition of large, institutional quality assets,” said Cluff. “Handsome rent growth, historically low vacancy rates and an incredibly high demand for more Class A residential living in the downtown core make the site an ideal location for a flagship property of any portfolio.”

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