Parkway Plaza Shopping Center has new owner

The Alturas Real Estate Fund has acquired the Parkway Plaza Shopping Center, in Idaho Falls at the corner of First Street and Woodruff Avenue. The property includes 75,300 square feet of retail property, including Planet Fitness, which opened in early January.

Several retail locations remain vacant within the property, but Alturas, a commercial real estate investment company based in Eagle, is working with the Thornton Oliver Keller leasing team in Idaho Falls to find occupants.

“With the proper investment it will once again be the excellent community asset it should be,” Travis Barney, president of Alturas, said in a news release.