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Through collaborative leadership we supplied a pipeline of $812 million in new capital investment projects to strengthen and diversify the assets in Iowa. But beyond big number private-sector prospects we also work with the progressive small businesses, nonprofits, civic leaders, workforce, education institutions, utilities, transportation, housing, etc to maximize productivity and long-term prosperity in our evolving economic landscape.

Real Estate Update: 3 biggest available buildings in the spotlight

Tama County, Iowa is strategically located 1 hour or less from 5 of Iowa’s Metro markets, and 1 day’s truck drive from 5 major Midwestern metro markets. But unless expanding companies know about our available buildings, they may not consider Tama County assets in their expansion plans. Today we spent a couple of hours touring Tama County’s three biggest buildings with Iowa Department of Economic Development’s business recruitment project manager.

  1. Former Traer Manufacturing Plant: (155,058 square feet on 10.69 acres) Prospects who visited the property told us that some of the building’s qualities that grabbed their attention included the low price compared to new construction costs, massive size, 48 foot ceilings, and multiple heavy-duty cranes of up to 50 tons. Interested sectors included manufacturing, food processing, green technology and retail.  Asking price: $2 million. (view fact sheet)
  2. Former Tama Beef Processing Plant: (106,126 square feet on 22.8 acres) Prospects who visited this facility have been predominantly food processing and storage, but not exclusively beef processors. Its central location, and available incentives like the Enterprise Zone, New Market Tax Credit Census tract, and HUBZone status had been contributing factors in increasing interest. Asking price: $3.45 million (view fact sheet)
  3. Former SuperValu Grocery Store: (16,485 square feet on 1.64 acres) Interest in this building has also not been exclusive to operating it in a grocery store capacity. Light manufacturing and telecommunications have been discussed. Asking price: $450,000 (view fact sheet)

None of the major Tama County properties has a Realtor which results in a decreased amount of opportunities to traditionally recapture the buildings’ full potential economic output. Special thank you to Traer Development, Liberty Bank, and Hegenbarth Food Group for partnering with Tama County Economic Development to build a coordinated professional grade direct marketing campaign to 228 top national site selectors that includes these properties. For Tama County’s comprehensive list of available buildings and sites visit Location One Information System (LOIS).

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