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GREENWAY CROSSING EXPANSION WILL BRING NEW RETAIL SPACE TO WEST DES MOINES

West Des Moines, IA (January 16, 2013) – Hubbell Realty Company is expanding Greenway Crossing with a second building, 8950 University Avenue, located directly west of the current facility at 8850 University Avenue.  The new retail center, totaling 7,320 square feet, will have end cap drive-thru capabilities as well as outdoor patio space.  Construction is slated to begin in early 2013 and the building is scheduled for occupancy in summer 2013.

The additional development is a result of increased retail demand in a growth area of West Des Moines along a proven retail corridor. “Central Iowa is following the US trend of increasing occupancy rates and a modestly improved retail market,” stated Kyle Gamble, Senior Vice President and Managing Director CBRE|Hubbell Commercial.  “Development continues to be based on tenant demand from sectors such as service retail, discount retail, and quick serve and casual dining restaurants.”

Greenway Crossing is a prime example of these retail trends with the upcoming building already having a combination of retailers, including restaurants, interested in the space.  The current retail center has maintained 100% occupancy since 2008. 

Greenway Crossing is owned and managed by Hubbell Realty Company. 8950 University Avenue is being built by Hubbell Construction Services. For leasing opportunities, contact Jeff Spence or Colleen Johnson at 515-224-4900 or visit CBRE|Hubbell Commercial online at www.cbrehc.com.

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