CB Richard Ellis/Hubbell Commercial Advises Walters Investments International, Inc. on $4.45 Million Transaction
WEST DES MOINES, Iowa (November 30, 2006) – CB Richard Ellis/Hubbell Commercial today announced that its Iowa Private Client Group advised Walters Investments International, Inc. in the sale of its 34,560 square foot retail center Westmark Plaza II, located at 2601 86th Street in Urbandale, for $4.45 million. Walters Companies serves as the anchor tenant for the 100% occupied retail center, which was constructed in 2002. CB Richard Ellis/Hubbell completed the transaction through a coordinated effort of its Iowa Private Client Group, consisting of Vice Presidents of CB Richard Ellis/Hubbell Commercial Linda M. Gibbs, CCIM, SIOR and Tim Sharpe, CCIM, SIOR, and CB Richard Ellis/Hubbell Commercial Sales Associate Jeff Spence. Through the vast nationally-integrated network of private client group professionals, the Iowa Private Client Group is able to assist in the acquisition, disposition or exchange of commercial real estate.