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Hubbell Realty Company Announces Opening of Grimes Business Park

GRIMES, Iowa (February 25, 2005) Hubbell Realty Company announced today the opening of its newest business park, located just south of Grimes at the junction of SW 11th Street and Highway 141. This 65-acre business park features lots for sale, build-to-suit options, and future spaces for lease. Boasting a central location and easy access from I-80/I-35, the Grimes Business Park also features industrial tax abatement. “This is definitely one area to watch grow over the next several years,” says Kevin Sullivan, Vice President for CB Richard Ellis/Hubbell Commercial. According to Sullivan, the Grimes area will most likely continue to be an attractive location for smaller industrial and flex-office development. He attributes this growth to the increased Interstate accessibility and proposed future interchanges. The mixed-use development is a prime location for light industrial, distribution/warehouse and neighborhood support service providers such as medical, restaurants, office/warehouse and other commercial services. Lot sizes range from one to five acres. “We are pleased to be part of the explosive growth Grimes is experiencing both in the commercial and residential markets,” states Hubbell Realty Company’s President and CEO Rick Tollakson. In addition to this new commercial business park, Hubbell Realty Company will begin construction in April on its newest conservation community, Meadowlark South. For more information on commercial lot prices and build-to-suit options, contact Kevin Sullivan at 221-6683.

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