WB Realty Co.
Development
What we do
At WB Realty Co., we leverage our commercial real estate expertise with proven construction knowledge and project management experience to create exceptional development opportunities. Our development services include land development, commercial new construction, value-add re-purpose or re-development, and build-to-suit. Our team works with a diverse group of investor partners, lenders, contractors, and consultants to turn development projects from an idea to a successful venture for all involved. We are consistently delivering successful products, including retail, office, mixed-use residential, residential land, and industrial. Our variety of products is a testament to our ability to provide value to markets and communities where they are needed, rather than the traditional copy and paste of redundant uses in a saturated market. Continue exploring our website to discover our current projects. Contact us for more information on upcoming projects and how you can work with us in the future.
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Current projects
Browse our current development projects below. Please contact us if you have any questions on available properties for sale or lease.
Dunn Property
Norwalk
Dunn Industrial is the first 40 acres of a larger development area on the south side of Norwalk, Iowa. WB Realty Co. managed the land entitlements and infrastructure improvements for the new city street and the development of two flex-warehouse buildings for sale or lease. The remainder of the site is for sale or available for build-to-suit leases. Contact a broker for more information.
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South Branch Business Park
West Des Moines
South Branch Business Park is a 44 acre business park located near the Interstate 35 and Hwy 5 interchange in West Des Moines, Iowa. This business park will consist of three warehouses totaling over 450,000 square feet, as well as a 12 acre lot zoned general industrial. The sitework has commenced and the first warehouse will be delivered Summer of 2024. These warehouses are available for sale or lease, contact a broker for more information.
Who works with us
Land Owners
Many land owners hold un-tapped potential in their hands, but are unaware or don’t have the time to capitalize on the opportunity. We work with land owners to identify the highest and best use of your land and use our skills to achieve that potential, through re-zoning, platting, and/or building construction.
Contractors
Very often, General Contractors are approached first by businesses or individuals looking to build a specific space that may not be available on the market. As a developer partner, we can work with Contractors and their clients to execute a build-to-suit agreement and lease. Our investor partners will own the building, tailoring the construction to your clients’ unique needs. This is truly a win-win for all parties involved in new construction development.
Investors
Real estate investors are constantly looking for assets to provide long-term value growth and cash flow. WB RealtyCo. consistently has products available that we have developed for sale. With our additional property management services, we are able to offer a hands-off investment experience, where you can receive all of the benefits of real estate ownership without the day-to-day headaches. Let us show you how we can turn your investment into long-lasting growth and future earnings potential.
In addition, WB Realty Co. currently works with a limited pool of vetted and qualified investor partners on ourdevelopment projects. As General Partners, also referred to as Project Sponsors, we manage the project in itsentirety, while providing an opportunity for non-real estate savvy investors to participate in what many consider tobe the best avenue for investment growth. We utilize an industry leading Investor Portal to access and view yourinvestments at all times. Please contact us below to learn more about development investing.
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Process
Select stage in or process or continue to scroll to learn more.
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Find
WB Realty Co. leverages our commercial brokers’ networks and market knowledge to find the best available on and off-market properties for our new projects. Whether undeveloped greenfield or under-utilized existing property, we find opportunities in all aspects of our day-to-day operations.
Analyze
Our development team pools our knowledge in a structured analysis process to validate or eliminate each potential new development project. By analyzing market conditions, capital and lending options, entitlement and utility restrictions, and municipality tendencies, we are able to select projects that will be appreciated by the community and exceed investor targets.
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Fund
We work with a network of trusted lenders and investors to fund our development projects. Financing structure can make or break development projects, so we take time in each project analysis to identify the most effective capital and debt structure. We utilize a robust financial model to create project ProFormas, sources and use stables, target rent rolls, operating budgets, and annual cash flow projections. Our development team establishes budgets early in the project and manage cash requirements from investors with total transparency.
Execute
Our development team ensures a successful project by utilizing extensive construction knowledge and years of project management experience. We continually rely on our trusted consultants and contractors to deliver high quality products. Financial accountability is key to successful development projects; therefore we meticulously manage our active budgets with full transparency and reporting. Working hand-in-hand with our commercial brokers, we work tirelessly to ensure that we get the most exposure possible and achieve stabilization on schedule with projections. Once development projects are completed, WB Realty Co. continues to service projects through our full service experience with property management and commercial brokerage services.
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Past projects
Browse our past development projects below. Please contact us if you have any questions on available properties for sale or lease.
Union 315
West Des Moines
Union 315 is a Class-A Mixed-Use building in the heart of Vally Junction in West Des Moines, Iowa. This project was a re-development project started in 2020, transforming the 300 block of Valley Junction. West Des Moines desired more affordable housing, and WB Realty answered by providing 80% of the residential units as income restricted, rent controlled units. Our commercial brokerage team found lessees for the remaining 14,000 SF of office and retail spaces, and achieved stabilization in less than 9 months from completion of construction.
Silverado Estates
Norwalk
Silverado Estates is a 40 Acre rural estate development located on the West Side of Norwalk, Iowa. This development created 1-3 acre estate lots in a rural setting that continues to be highly desirable. WB Realty coordinated the engineering design, entitlements, management of infrastructure construction, and lot sales.
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Let’s Connect
Head over to our contact page to get connected with one of our expert team members. For all residential inquiries click here.
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