Key Takeaways
- • Bow River Capital completed the sale of Fuller84 Business Park on June 30, 2026, marking a successful disposition from its Real Estate Fund II, with the asset 94.2% leased at time of sale to institutional-quality tenants.
- • Fuller84 is a 439,600-square-foot, three-building Class A industrial portfolio located in Nampa, Idaho, within the Boise metropolitan area, featuring 32-foot clear heights, ESFR sprinkler systems, and 2,500A power service.
- • The Nampa submarket has experienced outsized industrial demand driven by Micron Technology's $50 billion semiconductor expansion, which is expected to create thousands of jobs and sustain industrial absorption in the market for years.
- • Drew Lacey, Director of Bow River's Real Estate platform, cited the firm's early positioning in the Boise-Nampa market as a high-conviction industrial opportunity in a supply-constrained, high-growth region.
- • The asset's strategic location—half a mile from Interstate 84 and one mile from the new SH-16 highway extension—positioned it to capitalize on the region's infrastructure-driven industrial demand.
Summary
Bow River Capital, a Denver-based private alternative asset firm, announced the successful sale of Fuller84 Business Park, a newly constructed industrial portfolio located in Nampa, Idaho, within the Boise metropolitan statistical area. The transaction closed on June 30, 2026, and represents a material disposition from Bow River's Real Estate Fund II strategy.
Fuller84 comprises three rear-load, Class A industrial buildings totaling 439,600 square feet. At the time of sale, the portfolio was 94.2% leased to a roster of institutional-quality tenants, demonstrating strong operational performance. The buildings feature institutional-grade specifications including 32-foot clear heights, ESFR sprinkler systems, oversized truck courts, and 2,500A power service. The asset's location provides strategic proximity to major transportation infrastructure—positioned half a mile from Interstate 84 and one mile from the newly constructed SH-16 highway extension.
According to Drew Lacey, Director of Bow River's Real Estate platform, the disposition reflects the firm's disciplined approach to identifying high-conviction industrial opportunities in supply-constrained, high-growth markets. Lacey emphasized that Bow River was an early believer in the Boise-Nampa market thesis, where Micron Technology's $50 billion semiconductor expansion is driving sustained demand for industrial space. This expansion is expected to generate thousands of jobs and support industrial absorption in the Nampa submarket for years to come, creating a multi-decade flywheel of job growth, supplier co-location, and industrial demand that benefited Fuller84's positioning and valuation.
The sale demonstrates Bow River's ability to execute exits from its real estate fund vehicles while capitalizing on favorable market dynamics driven by regional economic transformation tied to semiconductor manufacturing infrastructure.
Fuller84 comprises three rear-load, Class A industrial buildings totaling 439,600 square feet. At the time of sale, the portfolio was 94.2% leased to a roster of institutional-quality tenants, demonstrating strong operational performance. The buildings feature institutional-grade specifications including 32-foot clear heights, ESFR sprinkler systems, oversized truck courts, and 2,500A power service. The asset's location provides strategic proximity to major transportation infrastructure—positioned half a mile from Interstate 84 and one mile from the newly constructed SH-16 highway extension.
According to Drew Lacey, Director of Bow River's Real Estate platform, the disposition reflects the firm's disciplined approach to identifying high-conviction industrial opportunities in supply-constrained, high-growth markets. Lacey emphasized that Bow River was an early believer in the Boise-Nampa market thesis, where Micron Technology's $50 billion semiconductor expansion is driving sustained demand for industrial space. This expansion is expected to generate thousands of jobs and support industrial absorption in the Nampa submarket for years to come, creating a multi-decade flywheel of job growth, supplier co-location, and industrial demand that benefited Fuller84's positioning and valuation.
The sale demonstrates Bow River's ability to execute exits from its real estate fund vehicles while capitalizing on favorable market dynamics driven by regional economic transformation tied to semiconductor manufacturing infrastructure.
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