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BoDo has a potential buyer

Negotiations are under way for a potential new owner of BoDo. Photo by Teya Vitu.

Signs in the BoDo shopping area in Boise. Negotiations are under way for a potential new owner of BoDo. Photo by Teya Vitu.

Downtown Boise’s BoDo commercial complex has a potential buyer.

“We’re in the process of negotiating a contract with an investment group,” said Clay Anderson, who handles investment brokerage services at Colliers International in Boise. “It’s too early to tell (if the sale will go through). Next week I’ll have a much clearer idea.”

Colliers International in early March listed the three-structure, 118,977-square-foot complex for $30 million. These are the buildings that include P.F. Chang’s, Edwards Cinema and Yoi Tomo Sushi & Grill.

“We had a large amount of interest,” Anderson said. “In the end, we had eight offers.”

Anderson offered no details about the investor group selected for negotiations.

BoDo, opened in 2005 at Eighth and Broad streets, has had only two owners. Arlington, Va., developer Mark Rivers built the 118,977-square-feet project and sold it in 2007 to the current owners BoDo TIC LLC.

About Teya Vitu

Teya Vitu is an Idaho Business Review reporter, covering commercial real estate, construction, transportation and whatever else may intrigue him in the moment. Join me on Twitter at @IBR_TeyaVitu.