Ahlquist
Ahlquist is a full-service commercial real estate development firm in Meridian, Idaho, offering integrated development, construction, leasing, and property management services. Founded in 2004 and partnered with Ball Ventures in 2018, it has developed over 3.5 million square feet across Treasure Valley with a portfolio value exceeding $1.6 billion.
- Company typePrivate
- Founded2004
- HeadquartersMeridian, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ahlquist does
Ahlquist is a full-service commercial real estate development firm headquartered in Meridian, Idaho, founded in 2004 by Tommy Ahlquist and formalized in 2018 through a partnership with Ball Ventures. The company operates an integrated platform spanning four core service lines — development, construction, commercial leasing, and property management — delivered through an in-house team that includes architecture, construction management, leasing brokerage, asset management, and facilities management functions. Its portfolio of developed and owned assets exceeds 3.5 million square feet with a cumulative development value above $1.6 billion across the Treasure Valley (Boise, Meridian, Eagle, Nampa, Caldwell).
The firm's product surface is its portfolio of mixed-use, office, medical, retail, industrial, hospitality, education, and government developments — including landmark projects such as Eagle View Landing (73 acres, home to Idaho's first TopGolf), Ten Mile Crossing (350 acres), City Center Plaza, 4th & Idaho (161,405 SF Class A office), Portico, Victory Commons, and the 774-acre Peregrine Technology and Industrial park. There is no proprietary technology platform; Ahlquist's differentiation rests on its regulatory expertise, controlled land positions at prime interstate intersections, and vertically integrated execution capability.
Ahlquist monetizes through multiple professional-services and asset-based streams: development fees and project delivery, in-house construction services, commercial leasing commissions and rental income, and third-party property management contracts. GTM is sales-led via an internal leasing team (led by a VP of Leasing and Chief Leasing Officer) supplemented by property management referrals, with brand-building through the Ever Onward Podcast, blog, and video content library. Customers are anchor tenants across healthcare, retail, financial services, hospitality, professional services, and government — including St. Luke's, Scheels, TopGolf, Power Engineers, Ameriben, ICCU, Hyatt Place, D&B Supply, and Paylocity.
Ahlquist firmographics
Firmographics- Name
- Ahlquist
- Legal name
- Ahlquist
- Website
- https://ahlquistdev.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ahlquist is a full-service commercial real estate development firm in Meridian, Idaho, offering integrated development, construction, leasing, and property management services. Founded in 2004 and partnered with Ball Ventures in 2018, it has developed over 3.5 million square feet across Treasure Valley with a portfolio value exceeding $1.6 billion.
- Ownership category
- akta.pro rank
Ahlquist industry classification
Industry- Product category
- Commercial Real Estate Development
- NAICS
- Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312), Corporate, Subsidiary, and Regional Managing Offices (551114)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)
- akta.pro secondary industry
- Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL)
Keywords
Where Ahlquist is headquartered
LocationHeadquarters
- HQ city
- Meridian
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ahlquist business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales
Revenue model
- Development Services: Revenue generated from developing commercial properties including entitlements, zoning, construction management, and project delivery. The company develops office, medical, retail, industrial, multifamily, hospitality, education, and government properties.
- Construction Services: Full-service construction including space planning, test fits, site planning, master planning, and full construction document services. In-house architectural services provided.
- Commercial Leasing: Leasing of commercial properties including office spaces, retail storefronts, mixed-use developments, medical facilities, and build-to-suit opportunities throughout the Treasure Valley region.
- Property Management: Commercial property management services including financial reporting, lease management, rent collection, budgeting, site inspections, maintenance, landscaping, security, and janitorial services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Class A Office Space - 4th & Idaho |
| Subscription | Annual | Eagle View Landing - Power Engineers Building |
| Subscription | Annual | Pioneer Crossing - Office Building 1 |
| Subscription | Annual | Ten Mile Crossing - LaSalle Building |
| Subscription | Annual | The River District |
| One time/ perpetual license | Pay-as-you-go | Homedale Pad 1 - Land Sale |
| Subscription | Annual | Peregrine Technology and Industrial |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Ahlquist product offering
Product offeringCore offering
Ahlquist is a full-service commercial real estate development firm that develops, constructs, leases, and manages commercial properties including office, medical, retail, industrial, multifamily, hospitality, education, and government buildings throughout the Treasure Valley region of Idaho. The company provides end-to-end services from entitlements and zoning through construction and ongoing property management for both owned assets and third-party clients. Its portfolio spans more than 3.5 million square feet of developed real estate valued at over $1.6 billion.
Product overview
Ahlquist is a full-service commercial real estate development company founded in 2004, offering an integrated suite of services spanning Development, Construction, Leasing, and Property Management. The company operates a platform-plus-services model where development expertise, in-house construction capabilities, leasing representation, and property management work together across a portfolio of office, medical, retail, hospitality, residential, education, and government property types. Notable developments include Eagle View Landing (73-acre mixed-use, home of Idaho's first Topgolf), Ten Mile Crossing (350-acre mixed-use), Pioneer Crossing, 4th & Idaho (Class A office), Portico, Victory Commons, The River District, Moyle Junction, and Peregrine (commercial and technology/industrial). The company has developed more than 3.5 million square feet with a total portfolio value exceeding $1.6 billion across the Treasure Valley region.
Differentiator
Problem solved
Functional benefit
Products and services
- Development Services Full-service commercial real estate development including site selection, entitlements, zoning, annexation, pre-plat and final plat approvals, comprehensive plan amendments, and interfacing with government officials for office, medical, retail, industrial, multifamily, hospitality, education, and government projects.
- Construction Services Commercial construction management including space planning, test fits, site planning, master planning, full construction document services, and in-house architecture across commercial, medical, retail, industrial, and multifamily sectors.
- Commercial Leasing Strategic commercial leasing solutions for office spaces, retail storefronts, mixed-use developments, medical facilities, restaurant and hospitality locations, professional business suites, and build-to-suit opportunities across Boise, Meridian, Eagle, Nampa, and the greater Treasure Valley.
- Property Management Comprehensive commercial property management including financial management, lease administration, facilities management, site services coordination (landscaping, janitorial, security), and tenant relations for owned properties and third-party clients across Boise, Meridian, Nampa, Eagle, Caldwell, and the broader Treasure Valley.
- Eagle View Landing 73-acre mixed-use development at SE Corner of Eagle Road & Interstate 84 in Meridian, Idaho featuring office, retail, medical, and corporate campus spaces; home to Idaho's first TopGolf.
- Ten Mile Crossing 350-acre mixed-use development at NE Corner of Interstate 84 & Ten Mile Road in Meridian featuring office, medical, hospitality, and retail spaces positioned at the center of the Treasure Valley.
- 4th & Idaho Class A office development at 320 W Idaho St. Boise with 161,405 SQ. FT. building, 3,000–80,000 SQ. FT. available, lease rate $26.00/SQ. FT. NNN, 451 parking stalls, with August 2026 office completion.
- Peregrine Technology and Industrial 774-acre technology and industrial development near Simco Road in Boise with $0.92/SQ. FT. lease rate and minimum 100,000 SQ. FT. building sizes.
- The River District Mixed-use development offering 1,500–20,000 SQ. FT. spaces with 650 parking garage stalls, planned completion 2026, at $42.00 / SQ. FT. with $60.00 TI allowance.
- Peregrine Commercial Approximately 146-acre commercial development with pad sizes of 1–20 acres, planned for 2027.
- Portico Mixed-use development in Meridian featuring 134,000 SQ. FT. of office, 160,000 SQ. FT. of medical office, and retail buildings.
- Victory Commons Mixed-use development at NE Corner of Meridian and Victory Road featuring flex buildings and Saltzer Urgent Care.
- Homedale Pad 1 (Land Sale) Land parcel sale priced at $881,000 for a 1.19-acre lot in Homedale.
Quantifiable outcome
- More than 3.5 million square feet of commercial real estate developed
- +2 more outcomes
Companies that use Ahlquist
Customer profileNamed customers12 records
Segments8 records
Ideal customer profiles2 records
Ahlquist technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Ahlquist partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Ball VenturescoreIn 2018, Tommy Ahlquist partnered with Ball Ventures, one of the nation's most successful development and investment companies, to found Ahlquist Development as a commercial development and strategic capital investment company. This partnership combined Tommy Ahlquist's local market expertise with Ball Ventures' development and investment capabilities.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
Ahlquist competitors and assessment
Company assessmentBroad incumbents
- Woodbury Corporation: Utah-based diversified real estate investment, development, and management company with a multi-state footprint in office, retail, multifamily, and industrial. Comparable to Ahlquist in integrated development + ownership model, though at larger scale and broader geography.
- Boyer Company: Long-standing Salt Lake City-based commercial real estate development, investment, and property management firm. Highly comparable given Tom Sr. Ahlquist's 20+ years at Boyer before co-founding Ahlquist, and overlapping product types (office, retail, industrial, medical).
- Cushman & Wakefield: Global commercial real estate services firm with significant Boise/Treasure Valley brokerage, valuation, and property management operations. Compares to Ahlquist on the leasing and property management service lines, though as a broad incumbent rather than developer/owner.
Regional players
- NAI Eagle: Idaho-based commercial real estate brokerage and property management firm serving the Treasure Valley. Comparable to Ahlquist on commercial brokerage and third-party property management offerings in the same geography.
- Hoffman Company: Pacific Northwest real estate investment and development firm with significant Idaho and Washington holdings. Comparable to Ahlquist in master-planned community and large-scale mixed-use development approach.
- Hawkins Companies: Meridian, Idaho-based commercial real estate developer, owner, and manager with deep Treasure Valley roots. Highly comparable to Ahlquist in product mix (office, retail, medical, industrial), integrated platform, and local market focus.
- Thornton Oliver Keller: Idaho's largest commercial real estate services firm offering brokerage, property management, and advisory across the Treasure Valley. Compares to Ahlquist on leasing and property management services; differs in that TOK is a services firm while Ahlquist is principally a developer/owner.
Direct peers
- Gardner Company: Boise-based full-service commercial real estate developer, owner, and property manager with a deep Treasure Valley portfolio. Highly comparable to Ahlquist given shared geography, integrated platform model, and overlapping office/medical/retail product mix; several Ahlquist executives (Ryan and Mark Cleverley) were previously at Gardner.
- Ball Ventures: Idaho-based commercial development and strategic capital investment firm that co-founded Ahlquist Development with Tommy Ahlquist in 2018. Operates an adjacent, partially overlapping CRE investment and development platform in the same regional market.
Emerging players
- Block 22: Boise-based developer focused on downtown Boise mixed-use and urban infill projects (e.g., 8th & Main, City Center Plaza area). Compares to Ahlquist on Treasure Valley mixed-use and Class A office product, though smaller in scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ahlquist social profiles
Digital presenceAhlquist financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ahlquist leadership team
Management profileNumber of profiles
Profiles16 records
Ahlquist funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ahlquist M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ahlquist
What does Ahlquist do?
Ahlquist is a full-service commercial real estate development firm that develops, constructs, leases, and manages commercial properties including office, medical, retail, industrial, multifamily, hospitality, education, and government buildings throughout the Treasure Valley region of Idaho. The company provides end-to-end services from entitlements and zoning through construction and ongoing property management for both owned assets and third-party clients. Its portfolio spans more than 3.5 million square feet of developed real estate valued at over $1.6 billion.
Is Ahlquist a public or private company?
Ahlquist is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ahlquist founded?
Ahlquist was founded in 2004. It employs 11 to 50 people.
Where is Ahlquist based?
Ahlquist is headquartered in Meridian, United States, in the North America region.
How does Ahlquist make money?
Four revenue lines are on record. Development Services are the primary driver. The others are construction Services, commercial Leasing and property Management.
Who are Ahlquist's main competitors?
Broad incumbents on record are Woodbury Corporation, Boyer Company and Cushman & Wakefield. Regional players are NAI Eagle, Hoffman Company, Hawkins Companies and Thornton Oliver Keller. Direct peers are Gardner Company and Ball Ventures. Block 22 is listed as an emerging player.
Does Ahlquist have an API?
No public API is recorded for Ahlquist.
What industry is Ahlquist in?
Ahlquist's product category is Commercial Real Estate Development. Its primary akta.pro industry code is BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization), with a secondary code of BPAJABAL, Capital Markets Advisory (Equity Placement, JV & Recapitalization). Its NAICS code is 53131 and its SIC code is 6532.