January 22, 2020
Costa Mesa, CA-based Wood Investments Companies, Inc. acquired a two-property retail investment totaling nearly 300,000 square feet and 31.7 acres in Twin Falls, ID for a reported $50.9 million. The seller was a partnership between Utah-based Geronimo, LLC, and Idaho-based Base Jumper, LLC.
Wood Investments Companies’ Patrick Wood says, “These two properties, Canyon Park East and Canyon Park West shopping centers, represented a unique opportunity to acquire two, 100%-leased, institutional-quality, retail assets with a value-add opportunity.”
Located at 2068 Bridgeview Blvd., the 154,692-square-foot 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 housing Outback Steakhouse and Johnny Carino’s.
The 143,835-square-foot 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.
NKF’s Paul Sleeth, Billy Sleeth and Patrick Allen represented the seller. The buyer was self-represented.
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