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The Sundance Company’s Flagship Property

December 9, 2009 Leave a comment

The Sundance Company recently completed constructions of the 124,000-square-foot Silverstone Corporate Plaza at 3421 E. Overland Road in Meridian, Idaho. The upscale office-condo building, in the Sundance-developed Silverstone Business Campus in the southeast quadrant of Overland and Eagle roads, will include sizable space for Home Federal Bank.

“By developing this project as an office condominium, we hope to provide our clients with the flexibility to either own or lease high-quality office space in a magnitude unprecedented in the Valley,” Sundance Chief Operating Officer Travis Anderson said in a release. “We believe this was a key factor in the selection of the Silverstone Corporate Plaza by Home Federal Bancorp for executive offices and a drive-through banking branch.”

Home Federal President and CEO Len Williams said in an interview that the bank plans to occupy about 12,000 square feet of office space. The bank will relocate some commercial loan officers, residential mortgage lenders and some executive offices to Silverstone Corporate Plaza.

“At this point our corporate headquarters remains in Nampa, but we will have some executive office space in the new Silverstone building,” he said. Home Federal will own its office space and the full-service bank branch.

The branch will be about 8,000 square feet, built on adjacent property and attached to Silverstone Corporate Plaza, Williams said. Drive-through banking facilities will be sited under the building.

The Sundance Company will move its corporate office to Silverstone Corporate Plaza, which “stands to become Sundance’s flagship property.” Sundance now is based in the Blackeagle Business Center, at Overland and Maple Grove roads in southwest Boise.

The Sundance Company, one of the largest commercial real estate developers in the Boise area, said the availability of on-site concierge services, shared-use conference, board and training rooms, and projected on-site executive suites “will provide the flexibility and efficiency expected from today’s sophisticated consumer.”

“The service infrastructure that will be incorporated into this project will not only be a benefit to the tenants of the Silverstone Corporate Plaza, it will also allow Sundance to continue to exceed the service needs of our entire client base,” Sundance President Chris Anderson said.

The interior finishes include mosaic glass and tile, artisan wall coverings, and domed ceilings. Other planned features are a slab granite façade, covered executive parking, a “generous parking ratio” an “ample tenant improvement allowance” and the availability of owner financing.

College of Western Idaho leases Boise office space at Blackeagle Center

The College of Western Idaho is adding a Boise location.

The Nampa-based community college leased a 52,260-square-foot building at 1360 Eagle Flight Way, in the 45-acre Blackeagle Center complex at Overland and Maple Grove roads. Known as the Pintail Center, it previously housed Micron Technology technical support operations and World Travel, a travel agency for Micron.

CWI President Dennis Griffin said the location will be more convenient for students on the east side of the Treasure Valley.

Business and Office Technology, and Information Technology, courses will be offered in the Boise location starting in August, he said. Those courses will be moved off the main Boise State University campus.

Also at the Blackeagle Center location, CWI students will be able register for courses, take assessment tests and attend general lower-division academic classes.

“It will be our major intake center for people on that end of the Valley,” Griffin said.

“We knew from the very beginning that we needed a major presence in Boise and Ada County,” he said. He added: “Our plan would be to expand there later as we grow.”

The college signed a 10-year lease with renewal options, said Travis Anderson, chief operating officer for Blackeagle Center owner The Sundance Company. CWI is a good fit at Blackeagle because the park likely will have space to accommodate future expansion, and because most parking impacts will be in the evening, he said.

Brown-Mackie College has been expanding at Blackeagle. Griffin said he does not expect an impact on CWI’s operation there.

CWI on July 1 will take over governance of the Selland College of Applied Technology from Boise State. Most of the Selland courses will remain at Boise State until CWI finds space for them, but CWI must find space for them within three years, he said.

Also in July, CWI is slated to take over the former Boise State University Canyon County Center in west Nampa. CWI will offer nursing and allied health professions programs, he said.

CWI (www.cwidaho.cc) is based in the former Boise State University West campus in northeast Nampa. It started offering classes in January 2008. Voters in Ada and Canyon counties approved the school in May 2007.

© 2009 Idaho Business Review

The Sundance Company – Commercial Real Estate Development in Boise

February 2, 2009 Leave a comment

Since its inception, The Sundance Company has developed and invested its talent, energy and resources to provide communities, consumers, and businesses in the Treasure Valley with boundless opportunities. As one of the most trusted and experienced commercial real estate leaders in the greater Boise metropolitan area, the business has concentrated a substantial part of its core efforts on commercial real estate development.

The Sundance Company has opted to go beyond the typical commercial real estate development role as the company likes to take a visionary approach to its commercial real estate developments. The firm looks beyond today’s world to determine what buildings will be needed – and where they need to be – years from now. Commercial real estate developers take the greatest risk by looking into the future and predicting what tomorrow’s businesses and consumers will need as it is far from an exact science, but The Sundance Company feels their projections and track record have been successful largely due to their expertise and understanding of the Treasure Valley.

Their latest project – Silverstone Corporate Plaza – is an excellent example. In October 2008, The Sundance Company commenced construction on the 124,000 square foot, Class A office condominium located within the highly coveted Silverstone development at Eagle and Overland Roads in Meridian. The Corporate Plaza is slated for completion by mid –summer 2009. But when the company was founded in 1976, did the founders imagine commercial buildings, office complexes, and retail centers in an area such as Eagle and Overland in Meridian?

“Yes. My father, Roger Anderson, had a vision for The Sundance Company and sought out these opportunities and turned them into a reality,” said Travis Anderson, Chief Operating Officer. “In the process it has helped communities in the greater Boise metropolitan area like Meridian and Nampa continue to grow and flourish.

“Tomorrow’s manufacturers, distributors, retailers and employers will have a home in the Treasure Valley because The Sundance Company has the daring and vision to foresee their needs.”

The Sundance Company is experienced in all phases of the commercial real estate development process. Their finely-tuned process includes the financial feasibility of commercial real estate development, which involves the identification and evaluation of critical assumptions related to the creation, construction, and operation of economically viable commercial real estate projects in the Boise, Meridian, and Nampa area. From idea inception to asset management, their thorough understanding of this process benefits not only The Sundance Company, but investors, lenders, builders and communities as well.

About The Sundance Company
The Sundance Company has become a development powerhouse with more than 30 years of successful history in Idaho’s Treasure Valley and the Boise metropolitan area. Sundance is one of the few local companies that self-manages and maintains its own properties—enjoying higher occupancy levels and superior quality control for its projects. Savvy tenants and buyers look to Sundance 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. Sundance 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.

Every Sundance project is conceived and executed with integrity, innovation, accountability, and dedication by a team of seasoned experts who always remains mindful not only of tangible aspects of a property transaction but also the intangible. The in-house management team values its personal connections and the relationship of trust it has created with its tenants and property owners, which include national and regional companies, some of whom have been in Sundance buildings for more than 15 years.

The Sundance Company keeps building in sluggish Boise office market

December 15, 2008 1 comment

Why did major developer The Sundance Company begin construction of the 124,000-square-foot Silverstone Corporate Plaza in a down economy now producing lower overall demand for lease and office-condo space?

Construction is under way at 3421 E. Overland Road, Meridian, Idaho. The site lies in Silverstone complex in the southeast quadrant of Overland and Eagle roads. Sundance Chief Operating Officer Travis Anderson said he expects the first tenant build-outs – for Home Federal Bank, a Silverstone concierge service and 8,500 square feet of meeting space – to conclude by September.
Staying “extremely low-leverage” means Sundance does not depend on bank financing for building construction or tenant improvements, he said. The developer that largely self-funds projects can take advantage of an economic slowdown when materials costs are lower and labor availability is higher, he added.
Silverstone Corporate Plaza’s exterior configuration – reflective glass and granite façade over a structural steel frame – costs more than some alternatives but enables crews to work more efficiently through winter, Anderson said. For example, workers avoid the long curing times associated with some other materials, he said.
“We’re also confident that any recession would be over by the time construction is complete,” Sundance Asset Manager Michael Reich said.
Sundance likes to keep about 100,000 square feet of new shell-and-core office space available for corporate users to evaluate, plus or minus 20,000, Anderson said. Power Engineers recently occupied more than three quarters of the space in the 70,000-square foot Diamond Point Building, on which construction began in Silverstone just less than a year ago. That deal at Diamond Point and Home Federal’s deal to occupy part of Silverstone Corporate Plaza (IBR, 11-24-08) prompted Sundance to start the Corporate Plaza, he said.
Sundance continues to receive inquiries from medical and large corporate entities, he said. Continued interest from corporate, large-space occupants continues partly because they see an increase in available workers, he said.
A developer who uses little or no financing can afford to “carry” a vacant building during economic slowdowns, Anderson said.
“We can be flexible and work with tenants,” he added. For example, a developer who is largely self-funded can accommodate a tenant’s request to move to a smaller space – which may not meet a lender’s requirements at a given time, he said.
Silverstone benefits from having El Dorado Business Campus next door, in the southwest quadrant of Overland and Eagle roads, Anderson said. Both parks benefit from a location-driven identity that boosts demand, he said.
Reich said big office parks often attract similar or cross-reliant businesses that benefit from being close to one another. The risk is that if a large-space occupant closes, downsizes or moves, a nearby business that caters to it may do the same, he said.
Some big, corporate spaces could be divided to suit smaller tenants, but the developer may have to offer rent discounts if the spaces aren’t ideal, he said.
Rectangular buildings with numerous entrances and ample storefront glass offer the most flexibility, Anderson said.

About The Sundance Company
It’s no surprise that The Sundance Company is a commercial real estate leader as well as a strategic link in providing quality and desirable office and industrial space in the Boise metropolitan area.

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 – Silverstone Corporate Plaza

December 9, 2008 Leave a comment

The Sundance Company has recently commenced construction of the Silverstone Corporate Plaza, a 124,000 square foot, class A office condominium located within the highly coveted Silverstone development at Eagle and Overland Roads in Meridian. The Corporate Plaza is slated for completion by mid –summer 2009.

“By developing this project as an office condominium, we hope to provide our clients with the flexibility to either own or lease high quality office space in a magnitude unprecedented in the Valley” said Travis Anderson, Chief Operating Officer,“We believe this was a key factor in the selection of the Silverstone Corporate Plaza by Home Federal Bancorp for its 20,000 square feet executive offices and commercial banking offices and full service retail branch with drive-through banking facilities, a space they will own”.

As the Corporate Plaza stands to become Sundance’s flagship property, it is anticipated The Sundance Company will relocate its corporate office to this state-of-the-art facility from its current location within the Blackeagle Business Center (Overland and Maple Grove)in Boise. The availability of on-site concierge services, shared use conference, board and training rooms and projected on-site executive suites will provide the flexibility and efficiency expected from today’s sophisticated consumer. According to the company President, Chris Anderson, “The service infrastructure that will be incorporated into this project will not only be a benefit to the tenants of the Silverstone Corporate Plaza, it will also allow Sundance to continue to exceed the service needs of our entire client base”.

Some of the high-quality interior finishes will include mosaic glass and tile, artisan wall coverings, and domed ceilings. In addition, the architect has selected a slab granite façade designed to accentuate the large scale of the building. There will be a generous parking ratio (which is standard in Sundance developments), in addition to covered executive parking, ample tenant improvement allowance, and owner financing available.

The Corporate Plaza’s convenient location in Meridian is adjacent to the I-84 interchange, and also amongst numerous restaurants, financial institutions, medical and dental offices, the Idaho Athletic Club and the Candlewood Suites Extended Stay Hotel.

About The Sundance Company
It’s no surprise that The Sundance Company is a commercial real estate leader as well as a strategic link in providing quality and desirable office and industrial space in the Boise metropolitan area.

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 Executive Profile – Travis Anderson

December 3, 2008 Leave a comment

Travis L. Anderson
Executive Vice President and Chief Operating Officer
The Sundance Company

Travis L. Anderson, a principal member of the Sundance Executive Committee, joined The Sundance Company in 1998 as Vice President of Marketing and has recently accepted the role of Executive Vice President and Chief Operating Officer. Along with site selection and development planning, Travis is
responsible for creating and implementing a marketing plan designed to promote revenue, profitability, and continued growth as an organization.

Travis utilizes his extensive background in asset management, project development, and real estate marketing to continuously deliver high quality service, maintain code compliance, and ensure cost-effective administration of company resources. He incorporates his effective
communication skills to maintain long-term business relationships with clientele, city planning and zoning officials, as well as “best-in-class” architectural and engineering firms.

Travis holds a Bachelor of Science degree in Public Communications with an emphasis in
Public Relations from the University of Idaho. He is a member of Building Owners and
Manager Association (BOMA).

About The Sundance Company

It’s no surprise that The Sundance Company is a commercial real estate leader as well as a strategic link in providing quality and desirable office and industrial space in the Boise metropolitan area.

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.