West Des Moines, IA (June 28, 2011) - CB Richard Ellis/Hubbell Commercial has brokered a multimillion dollar sale of The Mansions at Jordan Creek. The 140 unit complex is a Class A apartment community located at 355 88thStreet, West Des Moines, IA. The Mansions at Jordan Creek was built in 2007 and includes 1, 2, and 3 bedroom luxury apartments complete with all the amenities.
 
Linda M.Gibbs, CCIM, SIOR and Timothy J. Sharpe, CCIM, SIOR, CB Richard Ellis/Hubbell Commercial Senior Vice Presidents, represented the sellers, Perry Family Real Estate LLC and Jordan Creek Properties LLC, and procured the buyers, MFR Partners XI, LLC.
 
"Multifamily continues to be the favored asset type for investors across the country. Our [CB Richard Ellis/Hubbell Commercial’s] biggest challenge is finding enough product to satisfy the appetite of all of the buyers interested in our marketplace," stated Gibbs.
 
"This property is, without a doubt, the finest multifamily property in the market," commented Sharpe.
 
Linda M. Gibbs and Timothy J. Sharpe manage the CB Richard Ellis Private Capital Group practice for the state of Iowa specializing in the acquisition and disposition of investment properties.