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The Sundance Company Announces Strategic Alliance With Galerie Belle Ame

January 27, 2010 Leave a comment

The Sundance Company is pleased to announce that Galerie Belle Ame has opened a fine art gallery at Silverstone Corporate Plaza, located at the corner of Eagle and Overland Roads in Meridian, Idaho. Corporate tenants within this premier office facility and amenity center will be rewarded with the finest art exhibits in Idaho. Galerie Belle Ame welcomes visitors and residents of the Treasure Valley to tour the gallery during regular business hours.

“We anticipate a successful partnership with Silverstone which will bring exposure to our artists, grow art appreciation in the community, and provide companies within Silverstone Corporate Plaza an exciting place to do business,” said Melissa Brodt, Galerie Belle Ame’s CEO.

“This alliance represents a new business model that is designed to benefit the tenants and visitors to Silverstone Plaza while providing a unique platform for artists to showcase their talent. A dynamic art culture and a progressive business community go hand-in-hand. Hopefully our forward-thinking philosophy will promote a winning strategy,” said Chris Anderson, of The Sundance Company.

“Northwestern Wildlife & Landscapes” will launch the quarterly art exhibits. Artists include Venture Coy, Jerry Snodgrass, Gregg Russell, Victor Hohne, Jerry Kencke, Monte Stiles, Amber Conger, Erin Pietsch, Delia, Dave Thomas, and Fonny Davidson. For further information contact http://www.GalerieBelleAme.com, 208-938-1342.

This 120,000-square-foot, Class-A office condominium, located within the sought-after Silverstone Park offers spaces ranging from 3,000 to 90,000 square feet and features an unprecedented combination of amenities including business concierge services, executive boardrooms, conference rooms, and covered parking. For further information about leasing/ownership please call 208-322-7300 or visit www.sundanceco.com.

“This is another amazing addition to our community. This gallery and alliance in what will soon become a landmark building in Meridian continues to add to the growing displays of public and private art throughout Meridian. The City is excited to celebrate their success in this partnership that is a benefit to all the citizens of our community,” said Mayor Tammy de Weerd.

Galerie Belle Ame is located in Eagle, ID and represents some of the finest artists in the Northwest. Art of Framing is situated within the Eagle location and specializes in custom framing and design. Art of Framing~Galerie Belle Ame has provided art and framing to corporate clients such as Tamarack Resort, Arid Club, St. Luke’s Medical Facility, and the office of Governor Butch Otter. The addition of new gallery space in Silverstone Plaza provides art appreciators the opportunity to view and purchase art in a new venue. Galerie Belle Ame Silverstone Plaza will likely create the momentum so many artists are yearning for in the Treasure Valley.

Ribbon Cutting for The Silverstone Corporate Plaza

January 24, 2010 Leave a comment
Thank you to the Meridian Idaho Chamber of Commerce for hosting the ribbon cutting. The Sundance Company welcomes the community to learn about the Silverstone Corporate Plaza building concept including the Amenity Center/Concierge, the Galerie Belle Ame partnership, and tours the facility. Desserts and beverages will be provided to guests.
Date: Tuesday, February 2, 2010
Time: 1:30pm – 3:30pm
Location: Silverstone Corporate Plaza Main Lobby
Street: 3405 E. Overland Road
City/Town: Meridian, ID
Date:
Tuesday, February 2, 2010
Time:
1:30pm – 3:30pm
Location:
Silverstone Plaza Main Lobby
Street:
3405 E. Overland Road
City/Town:
Meridian, ID

Renting Office Space in Boise

January 20, 2010 Leave a comment

Your business is ready to roll, and now you need to decide where you are going to begin your capitalist dreams. Renting your office space can be a wise option, and it may make financial sense as well as logistical sense.

Renting an office means that you get the space you need for the time that you need it. A one, two or three year lease, with an option to terminate at the end of each year allows for a high degree of flexibility in managing the space needs of your office.

Business success may mean you need more space. Business challenges may mean that you need less. The ability to react to changing business circumstances is important and renting your office space allows that.

Renting also does not tie you to a specific location. The ability to change the location of your office within the year is very important when your business is dynamic and ever changing. The office is part of a business’s image, and a change in location often leads to a positive change in image.

On the financial side, rent is 100% deductible in the year it is paid. Many business owners may see that as a disadvantage, but it is not. Tax planning should take into account management of taxes owed.

Buying an office, a building or some other type of owned space, means that the cost must be depreciated over many years. That cost may require 37 years of depreciation on the business’s taxes. The amount of depreciation may be smaller than the rent you might have paid, meaning that the business will pay more taxes by owning.

Owning also means that the maintenance and upkeep of the building is now your responsibility. Unless that happens to be the business that you are in, these duties and the costs involved are a distraction from the real purpose of the business. The owned office may actually require costs to the business that in a rental are part of the lessors cost. Is a new roof really how the business’s cash ought to be invested?

Owning also limits the business’s ability to expand, and places costs on a shrinking business that leasing does not. Adding on to owned property is costly, and paying for space you no longer have a need for is, also.

Renting your office space can be a wise option. It allows your business flexibility to adapt to changing circumstances. It may provide tax advantages in some cases. It frees the business from having to pay for costs of ownership that do not directly benefit the success of the business.

Take advantage of the aptitude of The Sundance Company – Boise’s commercial real estate leader and let them help you find the right space for your business. The Sundance Company’s professional and knowledgeable staff will help ensure you find the right commercial real estate location in Boise, Meridian or Nampa.

If you have any questions or comments about The Sundance Company please call 1-208-322-7300 or visit our website at www.sundanceco.com. To view some of our properties, please visit our Properties page.

Boise Commercial Real Estate – South Cole Annex

January 18, 2010 Leave a comment

The South Cole Annex building, Boise commerical real estate available from The Sundance Company

The Sundance Company is pleased to present the South Cole Annex building for lease. This manufacturing/warehouse facility features generous office space, open work spaces and two lunchrooms. The building is conveniently located near the Cole/Overland I-84 Interchange in Boise, provided business with an ideal location in Treasure Valley.

Please contact us today if you are interested in this property. The Sundance Company also knows that finding the right leasing space for your business can be a complicated process, and that is why we are here to help your company find the right commercial real estate space in Boise or anywhere in The Treasure Valley. So if the South Cole Annex building is not your ideal office space, please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

South Cole Annex
2925 South Cole Road
Boise, Idaho

Site Area: 5.1 acres; 250 feet west frontage of South Cole Rd.
Additional Land: 5.56 acres
Zoning: M-1
Stories: One
Project Size: 54,000 square feet
Construction: Steel frame with ribbed metal siding exterior.
Age: Built in 1989 with a 24,000 SF expansion in 1995.
Roof: Flat, single ply roofing membrane over plywood sheathing.
Ceiling Clear Height: 18’ minimum, 24’ maximum warehouse; 8’ in offices.
Floor Construction: 6” concrete slab
Windows: Double-pane, thermo-glazing in offices.
Warehouse Doors: Dock-high and 12’x14’ overhead loading doors.
Insulation: 9” batt insulation in roof; 3½” batt insulation to exterior walls.
Offices: Commercial carpet & vinyl; acoustical ceiling, fluorescent lights, standard partitioning and finished restrooms.
Warehouse Lights: Suspended tube fluorescent and suspended bulb.
Heating/Cooling: Warehouse has suspended space heat. Office has package electric forced-air and central air conditioning.
Parking: 125 spaces, paved and marked
Site Improvements: Landscaping on South Cole Street.
Special: Full building fire sprinkler system; combination of dock-high loading and 10’x12’ drive-in doors.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

Boise Commercial Real Estate – Fairview Tech Center

January 13, 2010 Leave a comment

Boise commercial real estate space available from The Sundance Company at the Fairview Tech Center

The Sundance Company is pleased to offer space at the Fairview Tech Center for lease. Centrally located on Fairview Avenue between Milwaukee and Maple Grove Roads in Boise, Fairview Tech Center is a modern office space that features extensive glass, grand entries and tilt-up construction. The parking is generous, and the concrete tilt-up building was renovated in 2003.

Please contact us today if you are interested in this property. The Sundance Company also knows that finding the right leasing space for your business can be a complicated process, and that is why we are here to help your company find the right commercial real estate space in Boise or somewhere else in The Treasure Valley. If the Fairview Tech Center is not your ideal office space, please check out The Sundance Company website to view property photos, search for office space or learn more about Sundance’s start-to-finish capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Fairview Tech Center
8740 Fairview Ave.
Boise, Idaho 83709

Site Area: Approximately 4.98 acres (216,855 square feet)
Size: 29,079 square feet of divisible warehouse area available
Doors: Dock high doors; qty 3, Drive in doors; qty 4, Man doors; qty 5
Accessibility: Excellent ingress/egress for trucks and semi’s.
Rental Rate: NNN Rental Rates @ $.30 / .33 / .35 per sq. ft.
Year Built: 1991
Year Redesigned: 2003
Ceiling Height: 28’
Existing Build Out: Site has 5 offices, break room, and restrooms
Fire System: Reliable automatic sprinkler system with Cerberrus fire alarm control panel.
Racking System: Free standing racking systems w/ sprinklers
Floor Load Capacity: 5-inch concrete slab at 3,000 P.S.I.
Parking: 237 stalls with an additional 80 shared.
Structure: Concrete tilt-up.

About The Sundance Company
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs in Boise, Meridian, Nampa, and the greater Treasure Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.5 million square feet of office and industrial space available in prime Boise and Meridian locations.

The Sundance Company knows that finding the right leasing space for your business can be a complicated process, and that is why we are here to help your company find the right space in The Treasure Valley. Whether it is Boise, Eagle, Meridian, Nampa, or someplace else in the metropolitan area, The Sundance Company can help with your leasing space needs.

Finding the Right Retail Space in the Greater Boise Metropolitain Area

January 11, 2010 Leave a comment

If you’re selling a product, you may need a space from which to hawk your wares. Don’t sign a lease on the first bargain you see – find a location that’s accessible to your customers and suited to the needs of your business.

  • Make sure that any space you’re considering is big enough for both your current needs and your foreseeable growth. Be realistic and don’t over commit.
  • Do your homework beforehand. Investigate traffic patterns; tour the building. Find out who the previous tenant was, and why the business left. Learn what kinds of marketing the location does in support of its tenants (if any) and whether co-operative marketing funds are available to you.
  • Weigh the benefits of guaranteed foot traffic at a mall location against premium rent. Some malls require that all tenants stay open during mall hours, and pay for common area usage as well as the store’s own space and upkeep. Stores may also be asked to pay a percentage of sales to the mall.
  • Identify your closest competitors. Also check out neighboring businesses with an eye for complementary products or services. Is there an established cluster economy? If you are locating in a mall, check the lease agreement for any guaranteed protection against competition (malls may rent only to a set number of similar stores at any given time).
  • Evaluate whether the physical location and space is a good fit with your product line. Do you need a large, bright space or a charming, cozy nook?
  • Investigate any restrictions on signage. Signs are vitally important to retail businesses, yet many landlords decide on what a store can and cannot do. The rules may be even stricter in a mall, which closely monitors its physical appearance.
  • Negotiate the terms of your lease aggressively. Never accept wording that’s confusing or that leaves you wondering who is liable for what. Ask for the right of first refusal on adjacent space in case you need to expand. Negotiate for free improvements and other incentives before signing your lease.
  • Hire a real estate attorney who not only specializes in lease negotiations, but knows your area and, preferably, has dealt with your kind of business before. A lease negotiation can cover tens, if not hundreds, of terms, and you want someone in your corner who’s seen it all before.
  • Know who’s responsible for maintaining the heating, air-conditioning and other systems, as well as keeping up the parking lot and building exterior. This can be critical in older buildings.

If your company is searching for a retail space location that’s handy to your customers and is suited to the needs of your business, then contact The Sundance Company. Established in 1976, The Sundance Company has the experience to help you with your retail space needs in Boise, Meridian, Nampa, and the greater Treasure Valley. We have more than 1.5 million square feet of commercial real estate space available in prime Boise and Meridian locations. Please check out The Sundance Company website to view property photos, search for retail space or learn more about Sundance’s capabilities. If you prefer to talk to someone in person about your commercial real estate needs, then just give us a call at our Boise office, (208) 322-7300.

Funny Story About Real Estate Investing

Years ago, a New Orleans lawyer sought an FHA loan for a client. He was told the loan would be granted IF he could prove satisfactory title to a parcel of property being offered as collateral. No big deal; customary request.

The title of the property dated back to 1803. Instead of tracing title back 50 years, the customary amount, the lawyer traced it all the way back to 1803. This took him three months.

After sending the information to the FHA, he received the following reply (actual letter):

“Upon review of your letter adjoining your client’s loan application, we note that the request is supported by an Abstract of Title. While we compliment the able manner in which you have prepared and presented the application, we must point out that you have only cleared title to the proposed collateral property back to 1803. Before final approval can be accorded, it will be necessary to clear the title back to its origin.”

Peeved, the attorney sent back the following (actual letter):

“Your letter regarding title in Case No. 189156 has been received. I note that you wish to have title extended further than the 194 years covered by the present application.

I was unaware that any educated person in this country, particularly those working in the property area, would not know that Louisiana was purchased, by the U.S., from France in 1803, the year of origin identified in our application.

For the edification of uninformed FHA bureaucrats, the title to the land prior to U.S. ownership was obtained from France, which had acquired it by right of conquest from Spain. The land came into possession of Spain by right of conquest made in the year 1492 by a sea captain named Christopher Columbus, who had been granted the privilege of seeking a new route to India by the Spanish monarch, Isabella. The good queen Isabella, being a pious woman and almost as careful about titles as the FHA, took the precaution of securing the blessing of the Pope before she sold her jewels to finance Columbus’ expedition.

Now the Pope, as I’m sure you may know, is the emissary of Jesus Christ, the Son of God, and God, it is commonly accepted, created this world. Therefore, I believe it is safe to presume that God also made that part of the world called Louisiana. God, therefore, would be the owner of origin and His origins date back to before the beginning of time and of the world as we AND the FHA know it. I hope to hell you find God’s original claim to be satisfactory.

Now, may we have our damn loan?”

The loan was approved soon thereafter.