An office and data center in West Des Moines, Iowa, has been sold.
The Business Record reports Wells Fargo sold 7001 Westown Parkway and 1725 68th Street for a combined $16.5 million to commercial and residential brokerage WB Realty Co. The properties had been the site of Wells Fargo Home Mortgage offices.
Built in 2000/2001, the 28-acre site at 7001 Westown Parkway hosts a six-story office building with a 36,000 sq ft (3,345 sqm) basement data center.
A JLL sales brochure from last year hosted on LoopNet described the property as offering 390,000 sq ft (36,230 sqm) of office space, along with an underground data center. The property includes on-site solar panels installed in 2022 and three Onan 1500KW generators.
“A unique feature of this facility was the 36,000 sq ft data center located beneath the parking lot – one of the first in this area located totally underground,” the brochure notes. “It also incorporates a unique waterproofing system whereby the entire structure is essentially encased in a rubber membrane.”
Ryan Wiederstein, owner of WB Realty Co., said the company will lease space at 7001 Westown Parkway – offering the site as both a single-tenant or multi-tenant option.
“We are excited to provide businesses with this Class A office opportunity in a thriving business environment,” said Wiederstein. “The 7001 Westown Parkway vacancy now stands as the largest available office space in a single building in the western suburbs market.”
Wells Fargo last year announced that it was relocating many of its Des Moines-area employees to its Jordan Creek campus in West Des Moines. The Record noted Wells Fargo also recently sold another office property in the area – at 13733 University Ave. in Clive – to Heartland Co-op for nearly $6.5 million.
“We’re exploring unique amenities such as indoor pickleball courts and golf simulators,” added Dan Carlson, WB Realty project manager. “These amenities, along with the central location, will help businesses attract and retain employees.”
“The decline in new construction is expected to drive demand for existing high-quality office spaces,” Brittany Freund, WB Realty’s senior vice president of commercial real estate, said in a prepared statement. “This demand, along with attractive rental rates, will position 7001 Westown Parkway as a key choice for businesses looking for Class A office space.”
