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Meridian Idaho Commercial Real Estate for Lease – Jade Plaza


Jade Plaza is a 13,500+ square feet retail building in the Silverstone Business Campus in Meridian, Idaho, that provides excellent exposure and access to Overland Road with a traffic controlled intersection for ingress and egress. Great location for eatery or high traffic service user. Eagle Road located half a block west, is the highest volume road in the state, with
the exception of I-84 Connector

Jade Plaza
3679 E. Overland Road
Meridian, Idaho

Building Size: 13,513 square feet
Zoning: CC
Year Built: 2005
Site Area: 1.72 acres
Number of Floors: One
Parking: 5/1,000 usable square feet
Construction: Wood frame and glass with 6-inch square steel columns
Roof: Single ply EDPM roofing system on 2 layers of 1 ½ polyiso board on metal decking and bar joists framing system with vapor barrier
Floor Construction: 4” reinforced concrete slab over 18” compacted base
HVAC: 5-ton gas-fired carrier rooftop units. 100,000 BTU; 2,000 CFM
Ceiling: Lay-in acoustic ceiling panels in 2’x4’ T-bar ceiling grid with indirect and recessed lighting
Ceiling Height: 10 feet in office areas
Restrooms: Shared or private tenant restrooms throughout
Life Safety: Wet pipe fire protection system with alarm valves with Fire Department Connection
Miscellaneous: The building has stone veneer wainscot with white window frames and tinted glass. There is extensive perimeter and site landscaping; distinctive entry portals at signaled intersections on Eagle Road as well as
Overland Road; consistent architecture throughout the park

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. More information available at www.sundanceco.com or 208.322.7300.

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Customized Commercial Real Estate Options in the Boise Valley

Since 1976, savvy tenants and buyers have looked to The Sundance Company for development; office, warehouse, and retail leasing; property management; build-to-suit/construction; and land and building sales. With more than 1.5 million square feet of prime office and industrial space in the greater Treasure Valley, The Sundance Company has the size and diversity to avoid the need for a “one-size-fits-all” approach — thereby assuring customized solutions that are genuinely tailored to each client’s needs.

For more information about The Sundance Company’s customized solutions in The Treasure Valley please click one of the links below or call 208.322.7300.

Office Space for Lease in Boise

Industrial Space for Lease in Boise

Retail Space for Lease in Boise

Office Space for Lease in Meridian Idaho

Industrial Space for Lease in Meridian Idaho

Retail Space for Lease in Meridian Idaho

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Leasing vs Buying Commercial Office Space?

Many businesses reach a point in which they are curious as to whether it would be beneficial for them to purchase a building rather than continue to lease space. While every business is different there are a few common factors that should be taken into consideration when evaluating whether buying a building space would be better than continuing to lease space. We will take a look at some of the pros and cons to purchasing compared to continuing to lease space.

* Cash Outlay – Typically if you are planning to purchase a building, you can expect to make a down payment of between 10% and 25% of the purchase price, depending on the lender and your credit. When you lease space you won’t need to put down nearly as much. With good credit, the typical outlay is the first and last months rent which is only about 10% to 15% of the cash outlay required when purchasing a building.
* Opportunity Cost – With the large outlay of cash required to purchase a building, the opportunity cost of that money needs to be taken into consideration. What return would you expect to receive on that money compared to the return you would expect to receive if you invested the money back into your business or into other investments?
* Fixed vs. Variable Cost – When you buy a building, you have a good idea what your costs will be over the long term. This is especially true if you have a long term fixed rate mortgage. If you lease space, the market will dictate what you will end up paying for rent over the long run.
* Growth Considerations – The growth phase of your business should be a major consideration in making the lease vs. buy decision. If your company is relatively new and/or in a high growth mode, leasing would allow more flexibility and fewer constraints to that growth. On the other hand, if your company is mature and stable, buying space is great way to meet your future space needs.
* Property Management – You’ve heard the expression, time is money. If you own a building, it needs to be managed. You can either hire out the function or do it yourself. Many businesses with long term growth plans buy a larger building than they need and rent out the expansion space. All the more need for good property management.
* Appreciation – One of the primary goals of buying a building space is to generate long term increase in value through market appreciation. A good idea in a healthy market and usually successful over the long term. It is usually a good way to add to your retirement fund, but keep in mind that recent commercial real estate cycles have come in 10 year periods.
* Tax Factors – Lease payments are usually fully deductible, but many expenses of owning office space must be written off over longer periods of time of up to 39 years. The good news if you buy is that you get to take depreciation on the improvement portion of the property and can usually deduct all of your interest payments. When considering the tax factors it is always very important to consult with your attorney and tax professional about the legal and financial considerations to owning office space.
* Cash Flow Analysis – The devils in the details. In order to really understand the financial aspect of purchasing a building, you need to prepare a detailed comparative net present value cash flow analysis which takes into consideration your predictions on the future including holding period, anticipated appreciation vs. rental increase, interest rates, and cost of expenses increases. It is a good idea to do three different analyses, optimistic, realistic and pessimistic, to help determine your margin of error. It seems like a daunting task, but there some good programs available to help you do this analysis including:

The Next Step

While the evaluation of the leasing vs. buying space decision seems somewhat overwhelming, there is help. Getting advice and assistance from a commercial real estate professional who is involved in the business day in and day out can significantly improve not only the accuracy of any analysis, but in general simplify the process. Many of the lease vs. buy factors can only be decided by you, but having a helping hand in the areas where space expertise is important will assure you of making the best possible decision. Call The Sundance Company today to see how we can help you with your lease or buy decision.

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 retail, office, and industrial space available in prime Boise and Meridian locations.

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

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Leasing Industrial Spaces in the Boise Valley

If you need large storage facilities, or a place to set up large-scale production, manufacturing, or a shipping depot, the cheapest type of space to rent is usually industrial space. But commercial industrial spaces can also be used in place of traditional commercial offices, usually at substantially cheaper prices per square foot.

There are many advantages to leasing commercial industrial spaces in the Boise Valley. Some of the benefits include:

  • Affordable, Flexible Leases: Large industrial space are usually less expensive to rent than finished commercial office space or established retail spaces. And, since industrial spaces are often used for a variety of purposes, leasing agents can be flexible when negotiating the terms of industrial space leases.
  • Cheaper to Renovate Than to Purchase a Building: If you need custom-designed facilities, but cannot afford to purchase and renovate your own building, most industrial complexes allow tenants to build-out, modify, or substantially renovate warehouses into custom office, production, or even retail facilities.
  • Flexible Zoning Options: Because industrial parks tend to be very flexible in terms of zoning, it may be easier to convert industrial spaces into manufacturing and retail businesses than existing buildings in areas zoned for other specific business purposes.
  • Add Usable Square Feet Without Increasing Rent: Since most large industrial spaces have high ceilings, many can accommodate a mezzanine or be split into two internal stories. Depending on how much you spend to add this space, you can add to your usable square footage without increasing your monthly rent.

The most important thing when considering any leased space is to look at as many spaces as possible before making your decision. By including commercial industrial space on your list of leasing options, you may just find larger, more affordable space to grow your business.

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 retail, office, and industrial space available in prime Boise and Meridian locations.

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

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How to Lease Commercial Real Estate Office, Retail, or Industrial Space

A lease, at its core, is a business relationship – an agreement between a tenant and a landlord. Although leasing commercial real estate may appear simplistic, perhaps even one-dimensional, it is crucial to take 7 essential steps. Otherwise, the process can turn into disarray.

1. Define your requirements: The first questions to tackle are as follow: “What am I looking for?” and “What would suit me best?” From prerequisites such as deciding location to determining the property’s prospective use, evaluating the space is critical.

2. Locate suitable property: After determining space requirements, a hands-on search begins. Locate suitable properties, survey the market, and narrow down the CRE contestants.

3. Tour properties: A property review and physical tour is the next step of commercial leasing. Since an expected lessee engages in numerous visits and tours, it would be beneficial to take notes on each property.

4.  Make a proposal to lease: The proposal process consists of five elements: preparing a RFP (request for proposal), issuing the RFP to suitable properties, reviewing the landlords’ responses, evaluating offers, and perhaps preparing a Comparative Lease Analysis.

5. Space planning and architectural evaluation
6.  Negotiate the lease contract: Negotiating may be tedious and frustrating. It is important to meticulously examine every aspect of the deal to avoid future problems. A checklist, legal involvement, and realization of tenant’s resources are discussed thoroughly in this category.

7.  Close the transaction The mutual execution of a lease.

If you or your company is in need of office, retail, or industrial space in the Treasure Valley then your first call should be to 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. The Sundance Company has more than 1.5 million square feet of office, retail. and industrial space available in prime Boise and Meridian locations.

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

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Ribbon Cutting Reminder

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

Silverstone Corporate Plaza is a 120,000-square-foot, Class-A office condominium, located within the sought-after Silverstone Park, that 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

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The Sundance Company Announces Strategic Alliance With Galerie Belle Ame

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.

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Boise’s Commercial Real Estate Leader

If you are looking to lease, buy or rent commercial real estate in the greater Boise metropolitan area then you’ve come to the right place. As one of Boise’s commercial real estate leaders since 1976, The Sundance Company team has helped businesses of all sizes find the right commercial real estate location to fit their business needs.

Whether you are a start-up business looking for a new commercial real estate location or an existing business needing to expand in Boise, Meridian, or Nampa, The Sundance Company is here to help find and secure the perfect location for your company.

The Sundance Company can help and make sure your new commercial real estate is a great place to do business and thrive in of the fastest growing markets in the country – the greater Boise metropolitan area.

For most businesses, finding the right commercial real estate location is a major obligation. While the cost of your commercial real estate location can significantly affect your bottom line, it also has many other important consequences. Having an experienced commercial real estate leader like The Sundance Company – who knows and understands the Boise market – will make a big difference in your search for commercial real estate in the greater Boise area.

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.

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How To Find The Right Office Space in The Treasure Valley

With a little extra time and effort, you can be assured of finding a great office location from The Sundance Company in the Treasure Valley that will serve your business well for years to come. With numerous office space locations in Boise or Meridian, Idaho, consider these tips to help you find the perfect spot.

  • Consider What You Need: You would think this would go without saying, but it is amazing how many business owners leap into an office contract after being mesmerized by the fancy foyer or the many amenities. Write down exactly what you need and take that list with you when you tour available spaces. If you have 10 employees, don’t rent space for 100. Unless you have concrete plans to expand to a larger or different operation in the future, rent only for your current needs. And don’t let yourself be talked into something you really don’t need. Nothing good can come of trying to fit a square peg in a round hole when it comes to office space.
  • Make a Budget: Don’t over-extend yourself with a huge rental payment when you are considering the office space that is right for your business. Office space for rent can make or break your budget. Find an adequate space that is affordable and that fits well within your budget. You don’t want to over-extend yourself, and you can always upgrade later. And don’t forget to read the fine print. What costs and utilities are you expected to cover? Are there any hidden fees in the contract?
  • Plan for the Future: While you don’t want to agree to an office space rental agreement based upon hazy future plans, you do want to be prepared for changes you might need to make later on down the road as your business grows and expenses. Does your rental agreement allow you to remodel the office space or expand into empty, adjacent space? What if you need to terminate the agreement or want to upgrade to a larger office? Can that be done under your agreement or would hefty fees be involved to re-negotiate the lease? Work out those details now as you plan for the future of your business, and save headaches later for a great experience as you search for office space for rent.

Use these tips to find the right property for your business in the Treasure Valley. Then rest secure in the knowledge that you have made a smart business decision that will serve you well for years to come.

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.

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

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You Can Do it All at Meridian Idaho’s Silverstone Business Park

Meridian, Idaho’s Mayor Tammy de Weerd recently wrote about The Sundance Company in her City of Meridian blog, http://www.meridiancity.org/blogs.aspx?id=4195&blogid=701. Or you can just read below …

Over the last year, many have anxiously watched the southeast corner skyline of Eagle and Overland Roads transform as one of Meridian’s newest buildings, the Silverstone Corporate Plaza, takes shape.  This incredibly elegant building gives us another reason to celebrate all that we have going on in Meridian and in our business parks.

Not so long ago, commercial business parks were developed as dry, bland rows of boxy warehouse-style buildings connected by meandering dead-end streets and parking lots.  No personality; no style.  Today, Meridian’s business parks don’t just break that old stereotype… they shatter it!

Within the 170-acre Silverstone Business Park, large employers such as Power Engineers, Citi, Intermountain Orthopedics, AmeriBen/IEC Group, Bodybuilding.com, Idaho Athletic Club, Sage Diagnostics and Imaging, T-Mobile, Neurological Associates, and Academy Mortgage to name a few, share the grounds with a variety of retail, dining, service, and lodging providers.  Whether you are looking for sushi from Sakana Japanese Sushi and Steak Hours or would like to try a “staycation” at the Candlewood Suites Hotel, you can do it all in Silverstone.

Silverstone’s developer, The Sundance Company, has created a balanced, multi-functional business environment, and has found ways to include many of the “nice-ities” that make going to work or doing business a more pleasant experience.  From attractive landscaping to cutting-edge amenities such as the concierge services available to tenants of the new Corporate Plaza, the development’s thoughtful design and aesthetically-pleasing appearance are sure to go far in continuing to attract economically-vibrant tenants to this business park and our community.