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Affinius Capital Originates $74M Loan for Boise Logistics Project
Affinius Capital LLC has originated a $74.2 million loan to finance the ground-up development of Eastport Logistics, a to-be-built, four-building, 681,920-square-foot industrial development in Boise, Idaho.
The loan was provided to a joint venture between Lincoln Property Company and One Investment Management, a global alternative investment management firm, and will be used for the construction and lease-up of the project. Cushman & Wakefield acted as the sponsorship’s exclusive capital advisor in securing the loan.
The 78.4-acre industrial hub is strategically positioned near the Boise Airport and Micron Technology, one of the world’s largest semiconductor companies. Eastport Logistics will feature four buildings with building sizes ranging from approximately 52,000 to 379,000 square feet.
Micron is investing $15 billion to expand its Boise campus with a new enhanced fabrication plant and increased research and development space. “The Boise industrial market continues to demonstrate strong demand and absorption of new inventory, and this property will feature many of the specifications that tenants desire,” said Affinius Capital Managing Director Tom Burns.
