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Seattle & Northwest  + Pacific Northwest  + Industrial  | 

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.

Read More News Stories About: Cushman & Wakefield, Lincoln Property Company
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.