Bonner Mall Acquired in Off-Market Deal
Bonner Mall, LLC has completed the acquisition of Bonner Mall, a 195,805-square-foot enclosed regional shopping center located on 15.72 acres in the heart of Ponderay, Idaho’s primary retail corridor near Sandpoint.
The acquisition was led by Dave Black, CEO, and Chris Bell, Managing Broker of NAI Black, a Spokane-based full-service commercial real estate firm. Property management for the mall will be handled by Black Realty Management, Inc.
Bonner Mall is the only enclosed grocery-anchored shopping center in the region. Current anchor tenants include Yoke’s Fresh Market, Staples, Harbor Freight Tools, Petco, Dollar Tree, and Walker’s Furniture.
“This acquisition represents a rare opportunity to invest in a high-quality, irreplaceable retail asset in a rapidly growing market,” said Chris Bell. The transaction was completed off-market and the mall is currently 78% occupied, with potential for further upside through leasing of remaining spaces and tenant expansions.
