Meriwether Buys Warehouse Building in Boise

SEATTLE, September 9, 2005 – Meriwether Partners has acquired the 249,000 square-foot Market Street Warehouse in Boise, Idaho. Meriwether was represented by Steve Gray and Bob Runyan of RFR Properties and RFR Properties will handle the leasing of the property.

Market Street Warehouse, located at 4719 Market Street near the airport, was formerly the Associated Food Stores regional distribution facility. It is a single-story building that consists of 11,000 square feet of office, 60,000 square feet of refrigerated space, 30,000 square feet of freezer space and 148,000 square feet of dry warehouse space on 21.46 acres of land.

“We were attracted to this property because it is well built and well located”, said Rob MacAulay of Meriwether. “We are real believers in Boise, and we think the vacant warehouse space, which has over 30 foot ceilings, will lease quickly.”

This is Meriwether’s second acquisition in Boise. It acquired the Parkcenter Red Lion in July, 2005 and is in the process of converting it to a Marriott SpringHill Suites.