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| Springs at Jordan Creek Apartments, West Des Moines, IA |
CHICAGO, IL -– Holliday
Fenoglio Fowler, L.P. (HFF) announces the sale of Springs at Jordan Creek,
a 160-unit, Class A apartment community in West Des Moines, Iowa.
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| Sean Fogarty |
The HFF team marketed the property
exclusively on behalf of the seller, Continental Properties, and procured the
buyer, Milwaukee-based Mandel Group, Inc.
Springs at Jordan Creek is situated
on 12.05 acres at 8655 Bridgewood Boulevard less than two miles south of
Interstate 80 and approximately 13 miles southwest of downtown Des
Moines.
Set on park-like grounds, the garden-style property offers a
mix of studio through three-bedroom residential units.
The property’s
two-story, townhome-style units feature hardwood-style floors, granite
countertops, stainless-steel appliances, island breakfast bars, soaking tubs,
nine-foot ceilings, walk-in closets, and in-unit washers and dryers.
Common area
amenities include a swimming pool, 24-hour fitness center, clubhouse, business
center, coffee bar and a leash-free pet playground. Springs at Jordan
Creek was 96 percent occupied at closing.
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| David Gaines |
The HFF investment advisory team
representing the seller included senior director David Gaines and senior
managing director Sean Fogarty along with managing director Jules
Sherwood, a licensed Iowa real estate broker.
Springs at Jordan Creek marks the
third sale during the last 10 months in the greater Des Moines area that the
HFF team transacted, including Springs at Waukee and Autumn Ridge Apartments
(Phase I), both located in nearby Waukee, Iowa.
Continental
Properties is a national commercial real estate development company with over
39 years of delivering projects throughout the United States. Continental
has developed over 20,000 apartment units under the “Springs” brand in the last
17 years.
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| Jules Sherwood |
The Continental team is characterized by its uncompromising
commitment to the highest standards of integrity in its interactions with its
customers, vendors, communities and co-workers.
Mandel Group, Inc. is an integrated
real estate services firm with operations in development, construction, and
property management.
The firm is recognized as the premier residential multi-family developer in the greater Milwaukee area. Its acquisitions include properties in Wisconsin, Minnesota, Kansas, Missouri and Iowa.
CONTACTS:
DAVID GAINES
IL Lic. #475.137087
HFF Senior Director
(312) 528-3650
JULES
SHERWOOD
IA
Lic. #B64080000
HFF
Managing Director
(303)
515-8000
OLIVIA
HENNESSEY
HFF
Public Relations Specialist
(713)
852-3500
https://mandelgroup.com/.
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