**Affinius Capital Provides $74.2M Loan for Boise Industrial Development**
Affinius Capital LLC has originated a $74.2 million loan to finance the construction of Eastport Logistics, a planned four-building industrial development totaling 681,920 square feet in Boise, Idaho.
The loan was issued to a joint venture between Lincoln Property Company and One Investment Management, a global alternative investment management firm. These funds will support the ground-up development and lease-up of the project. Cushman & Wakefield served as the exclusive capital advisor for the venture in securing the loan.
Spanning 78.4 acres, the Eastport Logistics project is strategically located near the Boise Airport and Micron Technology, one of the world’s leading semiconductor companies. The development will include four buildings ranging in size from approximately 52,000 to 379,000 square feet.
Micron Technology is investing $15 billion into expanding its Boise campus, adding a new advanced fabrication facility and additional research and development space.
“The Boise industrial market continues to demonstrate strong demand and absorption of new inventory, and this property will feature many of the specifications that tenants desire,” said Tom Burns, Managing Director at Affinius Capital.
