BOISE, Idaho (September 12, 2013) – Northbrook, Ill.-based Pine Tree Commercial Realty LLC recently announced the execution of a new lease with Gordmans Inc. for Southshore Shopping Center in Boise, Idaho. Gordmans will occupy 50,505 square feet with an expected store opening in spring 2014.
Gordmans will be the anchor tenant in the redevelopment of a former K-Mart building in southeast Boise. “This is a great lead tenant,” says Pine Tree Senior Director of Leasing Tim Roe. “Gordmans will complement the existing merchants and bring valuable new customers to the shopping center.”
The property is owned by Pine Tree-Inland Development I LLC, a joint venture between Inland Real Estate Corporation of Oak Brook, Ill. and Pine Tree Institutional Realty LLC, an affiliate of Pine Tree Commercial Realty LLC, both of Northbrook, Ill.
Mark Bottles and Mike Erkmann of Mark Bottles Real Estate Services in Boise represented the landlord.
Inland Real Estate Corporation (NYSE:IRC), headquartered in Oak Brook, Ill., is a self-administered and self-managed publicly traded real estate investment trust that owns and operates open-air neighborhood, community, power and lifestyle retail centers and single-tenant properties located primarily in the Midwestern United States. As of June 30, 2013, the Company owned interests in 154 investment properties, including 40 owned through its unconsolidated joint ventures, with aggregate leasable space of approximately 15 million square feet. For additional information, please visit www.inlandrealestate.com.
Pine Tree Commercial Realty LLC is a full-service real estate development company based in Northbrook, Ill. Since its founding in 1995, Pine Tree has acquired and developed 64 properties valued over $675 million. The company’s projects are located across the United States. For additional information, please visit www.pinetreecommercial.com.
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Jonelle Kearney
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