Salt Lake City's Gardner Co., developer of The Gateway and The One Utah Center, recently secured a $37 million loan from U.S. Bank to purchase one of Idaho's tallest buildings, the 256,000-square foot U.S. Bank Plaza in Boise.
The building, previously owned and operated by Unico Properties, is home to U.S. Bank, Moffatt Thomas, Stoel Rives, and Deloitte and Holland & Hart. In addition to being office space for many of U.S. Bank's 400 employees in the Boise area, the bank operates a branch on the ground level of the building.
"We're excited to invest in downtown Boise with the purchase of U.S. Bank Plaza," said Kem Gardner, chairman for Gardner Co., that also owns other property in Boise and Meridian, Idaho. "This well-known building boasts a central location, reputable tenants and is positioned for long-term success."