Thursday, October 10, 2013

Gardner Closes Deal to Take Over U.S. Bank Plaza

Posted By on Thu, Oct 10, 2013 at 10:32 AM

Officials with U.S. Bank and Gardner Company confirmed today that paperwork has been completed to close on a $37 million loan where Gardner would purchase the U.S. Bank Plaza in Downtown Boise.

Gardner indicated this past summer that the plaza might serve as a location for the much-discussed mutli-modal transportation hub that has been looking for a downtown Boise home.

“We’re excited to invest in downtown Boise with the purchase of U.S. Bank Plaza,” Kem Gardner, chairman for Gardner Co., said in a prepared statement. “The well-known building boasts a central location, reputable tenants and is positioned for long-term success.”

The U.S. Bank Plaza is home to, in addition to U.S. Bank, Moffatt Thomas, Stoel Rives, Deloitte, Holland and Hart and other smaller offices.

Gardner Co. is in the final months of constructing the Eighth and Main tower, which has sprung from the infamous "Boise Hole."

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