Update: HFF announced the closing of this sale in October 2018. Please visit our Property Search page for a current listing of available multi-housing properties for sale.
Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing Springs at Jordan Creek for sale. The 160-home apartment community comprises seven two-story buildings in booming West Des Moines, Iowa. Residents enjoy quick access to the top employers of Des Moines / West Des Moines, including Principal Financial Group and Wellmark Blue Cross Blue Shield, both of which ranked in the top five of Forbes’ “America’s Best Employers 2018” list. Other prominent area employers are Wells Fargo, Mercy Medical Center and Athene USA Corporation, as well as limitless shopping, dining and entertainment destinations. Springs at Jordan Creek offers investors the opportunity to acquire a fully stabilized property in the thriving West Des Moines submarket.
West Des Moines boasts an abundance of retail and dining options that attract residents, employers and visitors from across the state and region. Situated on 12.05 acres at 8655 Bridgewood Boulevard, Springs at Jordan Creek is located just 1.3 miles from the Jordan Creek Town Center, which, at 1.34 million square feet, is the largest shopping complex in the state of Iowa and the fourth largest in the Midwest. Jordan Creek Town Center has 142 stores and 25 restaurants, and, after it was completed in 2004, complimentary uses were immediately attracted to the area. In fact, Wells Fargo announced the opening of their new Home Mortgage Headquarters just one year after the Town Center was complete. Additionally, a 3.5-acre lake surrounded by bike trails, pedestrian walkways and a boardwalk comprises the Lake District portion of Jordan Creek Town Center. Cultural activities and entertainment include waterfront dining, a hotel, and an amphitheater. Restaurants include Cheesecake Factory, P.F. Changs and Flemings Prime Steakhouse.
The apartment community for sale offers an investor a multifamily asset with a strong amenity package near a robust employment base that includes award-winning employers. For more information on Springs at Jordan Creek or other commercial properties for sale in the Midwest, please contact David Gaines, Sean Fogarty or Jules Sherwood. To view current real estate investment sales listings, please click here to view HFF’s property search page.