Bow River Capital Sells 439,600-SF Fuller84 Business Park in Nampa, Idaho

Bow River Capital, a Denver-based private alternative asset manager, has sold Fuller84 Business Park, a three-building, 439,600-square-foot Class A industrial portfolio located in Nampa, Idaho, within the Boise metropolitan area. The transaction closed June 30, 2026, and marks a completed disposition from Bow River Capital's Real Estate Fund II. Financial terms of the sale were not disclosed.

Asset Overview: Class A Industrial in the Boise MSA

Fuller84 Business Park comprises three newly constructed, rear-load industrial buildings totaling 439,600 square feet located in Nampa, approximately half a mile from Interstate 84 and one mile from the new SH-16 highway extension. The portfolio was 94.2% leased to institutional-quality tenants at the time of sale.

The buildings feature 32-foot clear heights, ESFR sprinkler systems, oversized truck courts, and 2,500-ampere power service — specifications consistent with modern logistics and distribution requirements.

Fund II Realization and Investment Thesis

The sale represents a fund-level realization for Bow River Capital's Real Estate Fund II, which targeted industrial opportunities in supply-constrained, high-growth markets. The portfolio was newly constructed, leased to near-full occupancy with institutional tenants, and sold as a core-quality asset.

"This disposition is an important milestone for our real estate fund and reflects our continued discipline in identifying high-conviction industrial opportunities in supply-constrained, high-growth markets," said Drew Lacey, Director of Bow River's Real Estate platform. "We were early believers in the Boise and Nampa story, where Micron's $50 billion semiconductor expansion is driving a multi-decade flywheel of job growth, supplier co-location, and industrial demand. Fuller84 Business Park captured that thesis in a best-in-class, institutionally leased asset, and we're pleased to deliver this outcome to our limited partners."

Micron Expansion Anchors Nampa Industrial Demand

Bow River Capital's investment thesis for the Nampa submarket centered on Micron Technology's announced $50 billion semiconductor expansion in the Boise area, which the firm characterized as creating a "multi-decade flywheel of job growth, supplier co-location, and industrial demand." The Nampa submarket has benefited from outsized industrial demand driven in large part by Micron's expansion, which is expected to create thousands of jobs and drive industrial absorption in the market for years to come, according to Bow River Capital. The submarket's proximity to major transportation infrastructure — including Interstate 84 and the new SH-16 extension — further supports its role within the broader Treasure Valley region.

About Bow River Capital

Bow River Capital is a private alternative asset manager based in Denver, Colorado, focused on investing in the lower and middle market across private credit, private equity, real estate, and venture capital. The firm did not disclose the buyer, sale price, or cap rate associated with the Fuller84 Business Park transaction.

Sources

Bow River Capital press release via PR Newswire, July 6, 2026