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Ribbon Cutting for The Silverstone Corporate Plaza

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
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Renting Office Space in Boise

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.

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Boise Commercial Real Estate – South Cole Annex

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.

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Boise Commercial Real Estate – Fairview Tech Center

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.

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Finding the Right Retail Space in the Greater Boise Metropolitain Area

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.

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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.

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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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Treasure Valley Office Space Checklist

So, you’re just starting a business in the Treasure Valley, and you’re finding yourself overwhelmed with the task of locating an office that will accommodate your needs without breaking your budget. Choosing office space can be complicated, because you’re counting on the amount of business you do to offset the costs of leasing the space and staffing it with employees. No matter which type of space you choose for your business, there are some considerations that you should always keep in mind on your quest to lease office space.

When you set out to find office space such as the Blackeagle Center in Boise or the Silverstone Corporate Plaza in Meridian, Idaho, it is important that you make a list of the most important aspects of the space before you talk to a leasing agent or even make a phone call in response to one classified advertisement. Essential to this list is that you keep in the back of your mind exactly what you need, not what you want to function. These needs include the actual amount of space you need to function, not feel like a corporate executive; the communications access that you need to stay in touch with your clients on a regular basis, like internet and commercial telephone services, and last, but not least, the realistic amount of money you have to spend on an office.

When you are looking to lease an office, the amount of actual square footage you need depends greatly on the type of business you are hoping to run. If you’re going to be running a clothing store or design studio, you will need more space than someone who is developing and running a web site or a consultancy.

If you have considered all of the office space that is available for lease around your geographical location and have determined that nothing is very well suited to your needs or to your budget, you might want to consider a executive suite office instead. These are typically single suites that are available within a professional office building. The benefits of executive office space include professional receptionist services, access to conference rooms, internet and phone services, and, in most cases, spaces that are already furnished with chairs, desks, and filing cabinets.

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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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.