Metonic Real Estate Services, representing the Silverman Family of Omaha, has purchased the West Glen Town Center property, located at the intersection of Mills Civic Parkway and Interstate 35 in West Des Moines, Iowa for $34.5 million.
Ember Grummons, CCIM, of Investors Realty represented MRES West Glen Holding, LP as the Buyer. Rod Knudsen and David Mercer of Iowa Realty in Des Moines assisted with the acquisition. The property was in receivership at time of sale with separate receivers for each of the two phases of the property.
West Glen Town Center is a mixed-use development containing approximately 418,000 square feet, consisting of Class A Retail and Office space and 123 apartment units. It is located in the top submarket for both office and retail in Des Moines and is less than one mile from the largest super-regional shopping mall and lifestyle center in the State of Iowa, Jordan Creek Town Center.
Investors Realty, Inc. delivers innovative real estate solutions to investors in the Omaha, Council Bluffs and Lincoln areas. Founded in 1975, the company helps clients buy, sell and manage commercial and investment properties using advanced technology platforms and communications systems.
For more information about Investors Realty, Inc., please visit them online at www.investorsomaha.com.