University Towne Center Phase 2: Expanding Rexburg’s Commercial Growth

Following Phase 1 of University Towne Center, another wave of development is coming to Rexburg, Idaho. Phase 2 of this highly anticipated commercial project will break ground in Q3 2026, continuing the expansion of Rexburg’s premier retail and business destination. Located along Yellowstone Highway and University Boulevard, this new phase will bring more opportunities for dining, retail and service-oriented businesses to join one of the city’s most visible and high-traffic areas. 

Phase 2 will cover approximately 17 acres and include a mix of retail pads, mid box space and in-line suites designed for flexibility and visibility. Construction is slated to begin in Q3 2026, with delivery scheduled for February 2027. The new development will complement the existing Phase 1 plaza, creating a unified retail corridor that strengthens Rexburg’s growing commercial core. 

Property Highlights: 

• Property Type: Retail / Commercial Pads 

• Land Size: 17 Acres 

• Leasable Space: ±96,000 SF 

• Lease Type: NNN 

• Location: Yellowstone Highway & University Boulevard, Rexburg, Idaho 

• Delivery: February 2027 

Available Leasing Options 

University Towne Center Phase 2 will feature a variety of options suited for national brands, franchises, and local businesses looking to expand in Eastern Idaho’s most dynamic market. 

• Box Space: Minimum 3,000 SF up to 25,000 SF (call agent for details) 

• Pads: Two available (call agent for details) 

• In-Line Space: Minimum 1,200 SF (call agent for details) 

• Build-to-Suit Opportunities Available 

With high visibility on Yellowstone Highway and convenient access from University Boulevard, this site provides exceptional exposure and accessibility for both residents and visitors. Its strategic location near BYU-Idaho ensures a steady flow of student and local traffic year-round. 

Why Businesses Choose Rexburg 

Rexburg continues to be one of the fastest growing cities in Eastern Idaho, offering a strong combination of population growth, affordable operating costs and consistent consumer demand. With a young and active community supported by over 36,000 BYU-Idaho students each year, the market remains ideal for retail, dining and service businesses seeking long-term success. 

University Towne Center Phase 2 represents the next chapter of growth for Rexburg’s retail corridor. With multiple pad, box and in-line leasing opportunities available, this is the perfect time to secure a location in one of Idaho’s most promising developments. 

Contact our team for leasing information: 

Don Zebe | 208-403-1973 | don.zebe@colliers.com Mike Zebe | 208-705-6453 | mike.zebe@colliers.com Jared Zebe | 208-709-7311 | jared.zebe@colliers.com