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Forever 21 to Open at Outlets of Des Moines

DES MOINES, IOWA — Forever 21 is scheduled to open on Saturday, Dec. 15 at the Outlets of Des Moines in Iowa. The store will feature a section for men, women, girls, plus-size apparel and accessories. This is the eighth store to open at the outlet center this year. Developed by New England Development, Outlets of Des Moines features stores such as Old Navy Outlet, Nike Factory Store, Tommy Hilfiger, Under Armour and Express Factory Outlet. The 300,000-square-foot property opened in October …

Carter Validus Purchases Healthcare Facility in Clive, Iowa for $23.5M

CLIVE, IOWA — Carter Validus Mission Critical REIT II Inc. has purchased the Clive Healthcare Facility for $23.5 million. The 58,156-square-foot property is situated on one acre in Clive, about 10 miles east of Des Moines. Constructed in 2008, the facility is fully leased and anchored by an ambulatory surgery center. The seller was not

Stahl to Construct $20M Elementary School in Ankeny, Iowa

ANKENY, IOWA — Stahl has been awarded the construction management contract for a new 101,403-square-foot elementary school in Ankeny. Construction of the $20 million project is expected to begin in March 2019. The new school will serve 750 students in grades K-5. FRK Architects + Engineers is the project partner. Completion is slated for June 2020. Funding for the school came from an $18 million bond referendum approved by the community in February

Kraus-Anderson Completes 9,500 SF Casino for Ponca Tribe in Carter Lake, Iowa

CARTER LAKE, IOWA — Kraus-Anderson Construction has completed the first phase of Prairie Flower Casino on behalf of the Ponca Tribe of Nebraska. The 9,500-square-foot gaming facility is located in Carter Lake, a northwest suburb of Omaha. The property will include 200 slot-style games and a full-service bar. Approximately 100 individuals will be employed at the casino. The Ponca Tribe of Nebraska has nearly 4,300 tribal citizens, with almost half of them residing in the states of Iowa and …

Boulder Group Arranges $8.7M Sale of Property Net Leased to BioLife Plasma in West Des Moines

WEST DES MOINES, IOWA — The Boulder Group has arranged the sale of a single-tenant property net leased to BioLife Plasma in West Des Moines. The newly constructed building is located at 6380 Village View Drive. BioLife Plasma has approximately 14 years remaining on its lease. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Midwest-based investment fund. A West Coast-based real estate fund was the buyer, which also purchased a BioLife Plasma property in Mount Juliet, …

NorthMarq Arranges $53.3M Refinancing for Five Multifamily Properties in Iowa, Nebraska

IOWA AND NEBRASKA — NorthMarq Capital has arranged $53.3 million for the refinancing of five multifamily properties located in Iowa and Nebraska. The properties include Park Avenue in Des Moines; Bentley and Enclave in Omaha; and Highpointe and Old Cheney in Lincoln, Neb. The five properties contain a total of 899 units. Jason Kinnison of NorthMarq arranged the five individual financings through Freddie Mac. The fixed-rate, 10-year loans feature amortization schedules of 30

Mandel Group Acquires 160-Unit Apartment Community in West Des Moines

WEST DES MOINES, IOWA — Mandel Group Inc. has acquired Springs at Jordan Creek in West Des Moines for an undisclosed price. The 160-unit apartment community is situated on 12 acres at 8655 Bridgewood Blvd. Amenities include a pool, fitness center, clubhouse, business center and coffee bar. The garden-style property was 96 percent occupied at the time of sale. David Gaines, Sean Fogarty and Jules Sherwood of HFF represented the seller, Continental

Equity Investment Group Acquires 113,713 SF Shopping Center in Davenport, Iowa

DAVENPORT, IOWA — Equity Investment Group has acquired a 113,713-square-foot shopping center anchored by Hv-Vee in Davenport for an undisclosed price. Known as Kimberly West shopping center, the property is 87.8 percent leased. Other tenants include Great Clips, Tony’s Chicago Style Pizzeria, Rent-A-Center, Citizens Finance Co., Amana Medical Care and Lily Massage. Amy Sands, Clinton Mitchell and Jules Sherwood of HFF represented the seller, Brixmor Property

Ross to Open Two New Stores in Des Moines

DES MOINES, IOWA — Ross Dress for Less plans to open two new stores in greater Des Moines on Saturday, Oct. 13. The store at Southridge Mall on the South Side of Des Moines will span 22,000 square feet. The West Des Moines store will span 25,000 square feet and be located within the Water Tower Place shopping center. With these new openings, Ross will operate six stores in Iowa and a total of 1,470 locations

CBRE Arranges Sale of Two Hotels in Coralville, Iowa

CORALVILLE, IOWA — In two separate transactions, CBRE has arranged the sales of a Comfort Inn & Suites and a Quality Inn in Coralville, a suburb of Iowa City. The sales prices were not disclosed. The 62-room Comfort Inn & Suites is located at 214 W. 9th St., while the 55-room Quality Inn is located at 209 W. 9th St. Douglas Johnson of CBRE represented the undisclosed sellers. Two different investment groups purchased the

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