Boise-based Colliers International Idaho will open a Twin Falls office by the end of September in the newly renovated 1922 Historic Elks Lodge Building in downtown.
Colliers recruited local broker Steve Di Lucca, a founder and for 24 years broker at Westerra Real Estate Group in Twin Falls. Di Lucca landed the Clif Bar and Chobani projects for Twin Falls.
“We approached him,” said Jim Shipman, president and chief operating officer at Colliers International Idaho. “We’ve worked with Steve for years when we have deals down there. He’s been the commercial presence in Twin Falls for a number of years.”
Colliers opened a Pocatello office in early May. Boise’s powerhouse commercial brokerages Colliers and Thornton Oliver Keller have been drawn toward eastern Idaho in the last two years.
Thornton Oliver Keller opened an Idaho Falls office in February 2016 and launched a Twin Falls presence in Twin Falls in June. Colliers is not done expanding, Shipman said.
“Since I got here last year (Oct. 2), we have focused on expansion,” Shipman said. “As we are in the fastest-growing state, we want to go with that. Our efforts are to expand in eastern Idaho, including Idaho Falls.”
Along with the statewide population growth, Twin Falls and Jerome counties in 2017 were designated a Metropolitan Statistical Area, which puts the region on the list of more site selectors.
“Right now the growth there is tremendous,” Shipman said. “It’s on everybody’s map now. We have done a lot of work there.”
“Twin Falls is no longer considered a small market or medium market,” Di Lucca said. “We’re a larger market.”
Di Lucca did not have plans to leave Westerra, a small Twin Falls brokerage.
“We don’t have the horsepower of a national firm that has all the research and marketing abilities that clients are demanding,” Di Lucca said. “Clients need more market research.”
Colliers also is a major Treasure Valley property management firm with more than 4 million square feet under management, including recent additions in Pocatello and the U.S. Courthouse in Great Falls, Montana. Shipman said Colliers will seek property management accounts in Twin Falls, too.
Di Lucca will open the Twin Falls office alone but expects to have three or four agents and support staff after one year.