CHUBBUCK, Idaho (PRWEB) April 15, 2019
Alturas Capital Partners is pleased to announce the addition of a 78,225 SF office building to the Alturas Real Estate Fund. The LEED Certified Silver building, constructed in 2011, is located at 4200 Hawthorne Road in Chubbuck, Idaho.
The property is occupied by Allstate Insurance Company. The facility functions as a state of the art customer information center. Allstate considered several locations across the United States before choosing the Pocatello-Chubbuck area back in 2011. The company specifically chose the area because of its stable employee base, attractive cost of living and strong community.
“We are very fortunate to be adding this quality asset to our portfolio. The building has many high-end features and is well located in a growing part of the state. In addition, we are working with an excellent tenant client in Allstate who has consistently been ranked as one of the premier large employers in the state of Idaho,” said Devin Morris, Director of Acquisitions and Asset Management of Alturas Capital Partners.
The acquisition increases Alturas’ presence in eastern Idaho. “As an Idaho-based company, we are excited to be growing our presence and making strategic investments in our great state. The future is very bright throughout the region, and we are happy to be working with partners such as Allstate that are investing in the people of Idaho,” said Travis Barney, Partner and President of Alturas Capital Partners.
Don Zebe of Colliers International represented Alturas in the transaction.
Alturas Capital Partners is a Boise, Idaho based commercial real estate investment company. The company actively invests in office, industrial and retail properties, with a focus on the Pacific Northwest and Intermountain West. Alturas manages several properties in Idaho, Utah, Colorado, Washington, and Arizona. Since 2009, the firm has made investments valued at over $250 million and is actively seeking to acquire additional assets in the Western United States.