Bow River Capital's Park84 secures $70.29M construction take-out refinance

DENVER, July 17, 2025 – JLLCapital Markets announced today that it has secured a $70.29 million refinancing for Park84, a newly completed Class A industrial property in Nampa, Idaho, located 20 miles west of Downtown Boise.

JLL worked on behalf of the borrower, Bow River Capital, to secure floating-rate financing for the property.

Completed in July 2024, Park84 comprises seven state-of-the-art industrial buildings totaling 605,570 square feet on a 47.81-acre site. The property features 32-foot clear heights, clerestory and LED lighting, ESFR sprinklers, ample 480V power and outdoor storage and trailer parking. The buildings offer divisibility as small as 16,917 square feet, making the property attractive to a wide range of industrial users. Currently, the property is leased to a diverse range of global, national and regional tenants.

Located at the northeast corner of Birch Lane and Madison Road, Park84 provides convenient access to I-84, connecting tenants to major markets including Boise, Salt Lake City, Portland, Bozeman, Seattle and Sacramento. Additionally, the property is positioned in Idaho's rapidly growing Treasure Valley, providing access to a strong labor pool of nearly 140,000 residents within a 5-mile radius.

The JLL Capital Markets team was led by Senior Managing Director and Denver Office Co-Head Leon McBroom, Director Rob Bova and Senior Analyst Ellie Savage.

"The Boise MSA has emerged as a key industrial gateway in the western United States, with population growth exceeding 30% since 2010," said McBroom. "Park84's flexible suite sizes, modern specifications and strategic location make it uniquely positioned to serve the diverse requirements of industrial users seeking a business-friendly environment with excellent regional connectivity."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Bow River Capital is a Denver-based private alternative asset management company that invests in the lower middle market across private equity, real estate and software growth equity sectors. The firm expanded its offerings in January 2021 with the Bow River Capital Evergreen Fund, providing institutional-quality private market access to a broader investor base, while its experienced team continues to deploy capital across diverse industries and asset classes.