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S1E4: Will the demand last for new spec industrial development?

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With historic low vacancy rates in Boise, is the demand still coming to the Treasure Valley to warrant the light and big box industrial spaces that are being developed?

In this episode you will hear from brokerage advisors, Steve Foster and Jake Tucker, as they discuss hot new location being looked at for industrial growth and how neighboring states will see the most impact to that growth.


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Jim Shipman

Managing Partner | Market Leader

Boise

Jim serves as the Managing Partner and Market Leader for the Colliers Idaho offices (Boise, Nampa, Twin Falls, Idaho Falls and Pocatello). In this role, he oversees all aspects of the brokerage and property management services, business development and departmental objectives. Jim is licensed as a Broker in Idaho, Utah, Wyoming, Montana and Oregon, providing clients access to multiple markets throughout the West. 

Prior to joining Colliers, Jim was an Executive Vice President & Partner at Phillips Edison & Company.  Based in Salt Lake City, Utah, Jim helped complete over $300M of ground-up development and acquisition of net-lease properties throughout the United States.  

Jim was CEO and President of HGM Medical Lasers based in Salt Lake City, Utah which manufactured and distributed lasers worldwide. He oversaw all aspects of the business, including procurement, manufacturing, engineering, regulatory compliance, sales & marketing and accounting.  He increased value of the company tenfold at the time of the sale and was honored with a nomination for the Ernst & Young Entrepreneur of the Year award for the turn-around of the business. 

Jim’s professional experience also includes 25 years as an attorney practicing almost exclusively in real estate services.  He practiced with Isaacson, Rosenbaum, Woods & Levy in Denver, Colorado and Parsons Behle & Latimer in Salt Lake City, Utah. 

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Steve Foster

Industrial Brokerage Services

Boise

Steve specializes in the sale and leasing of industrial properties, and has worked in the field of commercial real estate since 1986. Prior to joining Colliers International in Boise, Steve was with Cornish & Carey Commercial in the Silicon Valley for nine years, and Norris, Beggs & Simpson prior to that.  

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Jake Tucker

Industrial Brokerage Services

Boise

Jake Tucker joined Colliers in July 2007 in brokerage services  until September 2013. After a year with the Van Auker Company where he worked alongside their Construction and Development teams, Jake rejoined Colliers in September 2014 and is focusing on industrial brokerage services and client management.

 

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