MERIDIAN – Ball Ventures Ahlquist hosted a groundbreaking ceremony on Sept. 10 to launch a new 75,000-square foot office building in Eagle View Landing where the new tenant – Americor Financial – will be doing business next year.
The event marked the start of construction of the $20 million three-story office building, which Irvine, Calif.-based Americor hopes to staff with 500-700 new employees over the course of the next few years.
The new building will be completed in fall 2020 and marks the second major tenant that will move into Eagle View Landing alongside Idaho Central Credit Union, which will occupy a good chunk of a 125,000-square-foot office building rising at the site. ICCU plans to expand its call center and back office support and training areas for employees; however, an ICCU branch won’t be at the location.
The development team of BVA and Brighton Corp. are confident other employers will follow suit at what CEO Tommy Ahlquist called “the next premier site for Class A office users, upscale retail and entertainment businesses” in the Treasure Valley. The acreage used to be the business location of the Farmstead Corn Maze, which has moved to a farm in Kuna.
According to Ahlquist, the developers also have plans to build multifamily housing at Eagle View, which is located south of I-84 and west of Eagle Road.
Americor is a finance technology company that designed a platform to help consumers restructure their debts and get lower cost debt consolidation loans.
“We couldn’t be more excited for our expansion to the Boise area,” said Benny Ganatra, CEO of Americor. “After much analysis and consideration, we became more and more certain that the Treasure Valley was the perfect place to be. The vibrant growth of the region, strong economy and the wonderful community were all contributing factors in our decision” to choose Idaho over Texas.
Indeed, the company has outgrown its current office space on West Explorer Drive in Boise.
“We’ll be tapped out pretty soon at our present location,” said David Ochoa, Americor vice president of client relations.
“It’s gratifying to see an out-of-state company make a bold investment in their future and the future of Meridian,” said Mayor Tammy deWeerd. “Thank you for creating family-wage jobs and opportunities in our community.”
She said she liked Americor’s debt reduction service products, calling them “critical to families and individuals thriving.”
Although her term as mayor will end soon, deWeerd promised to be at Americor’s ribbon cutting next September.
Joining BVA in the enterprise are ESI Construction, the building’s general contractor, and CTA Architects. Washington Trust is the development team’s lending partner on the project.