Wood Investments acquires two Idaho shopping centers
Two shopping centers in Twin Falls, Idaho, have been acquired by California-based Wood Investments Companies. The properties total about 300,000 sq. ft. and 31.7 acres.
Canyon Park East and Canyon Park West shopping centers are both 100% leased. Wood Investments plans on leasing and developing the vacant pads that are currently undeveloped in Canyon Park West.
The tenants at the 154,692-sq.-ft. Canyon Park East include Sportsman’s Warehouse, TJ Maxx, Michaels, HomeGoods, Best Buy and Famous Footwear. There are also two freestanding net-leased pads with Outback Steakhouse and Johnny Carino’s that were included in the acquisition.
The 143,835-sq.-ft. Canyon Park West includes such retailers as Dick’s Sporting Goods, Ross Dress for Less, Bed Bath & Beyond, Petco and Ulta Beauty.
"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. "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 (collectively as owner). Wood Investments represented itself.