PRESS RELEASE
Media Contact for City of Norwalk:
Tai Lieu, Marketing and Communications Specialist
TLieu@Norwalk.Iowa.Gov . (515) 201-6185
FOR IMMEDIATE RELEASE
City of Norwalk Announces Groundbreaking Event for New Addition to Norwalk’s Southwest Development Corridor
NORWALK, IOWA – August 12, 2024—The City of Norwalk, in conjunction with WB Realty Co., is thrilled to announce the opening of Dunn Industrial Park, a new premier light-industrial development. A groundbreaking event will be held on-site (Delaware St. and Madison Ave.) on Wednesday, August 21st, at 4 p.m. The public and media are invited to join the celebration and tour the Park.
WB Realty Co. recently completed the Dunn Industrial Park, a 39-acre industrial development located on the southwest side of Norwalk, Iowa. This innovative project aims to enhance the local economy and provide industrial opportunities for businesses in the region.
Project Overview: Dunn Industrial Park is situated just west of Highway 28 with convenient access to Highway 5, located only four miles north of the site. Zoned M-1 General Industrial, the development features multiple key components:
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Two 20,000-square-foot Flex Buildings at 200 and 250 Delaware St. These buildings offer storefront entrances,14 by 16-foot drive-in doors, and clear span interior. Ceiling heights range from 16 to 20 feet. Available for sale or for lease starting at $9.25 per square foot Net.
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A 3-acre Shovel-Ready Lot at 1150 Madison St. This site accommodates a 45,000 square-foot building, allows for outdoor storage, is serviced by off-site regional detention, and benefits from the Norwalk Industrial Graduated Tax Abatement (75/60/45/30/15). Listed for sale at $655,000.
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A 19-acre site at 300 Delaware St. This site allows for outdoor storage and benefits from the Norwalk Industrial Graduated Tax Abatement (75/60/45/30/15). It can be subdivided and is available for sale at $5 per square foot, or for build-to-suit opportunities.
Purpose and Benefits: The Dunn Industrial Park development is designed to meet the growing demand for industrial spaces in Norwalk. It offers businesses the flexibility to customize spaces to their needs while fostering economic growth and creating job opportunities in the community.
Timeline: The development project was completed in July 2024, and the two new buildings are now ready for occupancy.
Future Connectivity: According to the Future Norwalk Comprehensive Plan, Dunn Industrial Park will benefit from future connectivity to the future Fillmore Street I-35 Interchange, enhancing transportation and logistics options for businesses.
Partnerships and Stakeholders: WB Realty Co. collaborated with Denovo Construction Solutions, Pelds Design Services, Studio Melee, Terracon Consultants, Sandstone Management, Sternquist Construction, and KCL Engineering to bring this
project to life.
Additional Developments: Jared Husmann, President of KataLYST, recently announced the Dunn Industrial Condominiums project located in the Dunn Industrial Park on Delaware St. The project is underway, and units will be available for lease and sale by spring 2025. https://www.loopnet.com/Listing/1060-Madison-St-Norwalk-IA/32252391/
Titan Storage Norwalk, recently opened on the site just South of the flex buildings, offering additional storage solutions to businesses and residents in the area. https://www.titanstorageiowa.com/
About WB Realty: WB Realty Co. is a forward-thinking commercial and residential real estate brokerage dedicated to serving Central Iowa. Focused on integrity and expertise, WB Realty Co. delivers exceptional value and service to both
communities and clients. Through strategic developments like Dunn Industrial Park, WB Realty Co. actively supports the evolving needs of the local area. For more information about WB Realty Co., visit www.wbrealty.com.
Ryan Wiederstein, owner and broker at WB Realty Co., said, “Dunn Industrial Park offers versatile and modern spaces designed to meet the operational needs of businesses. This project brings a level of innovation and opportunity to the
Norwalk market that hasn't been seen before.”
Dan Carlson, director of operations at WB Realty Co., added, “The completion of Dunn Industrial Park is a testament to our commitment to provide community enhancing developments in the Des Moines metro. WB Realty Co. is dedicated
to helping businesses thrive in this prime location, and we are proud to support the city of Norwalk in its continued
growth.”
Brent Mitchell, CEO of Denovo Construction Solutions, added, “We are very proud to partner with WB Realty on this project to meet the needs of Norwalk. We are very high on the trajectory of Norwalk, and the projects we are working on in Norwalk Central and the Gregg Young Sports Campus show the growth of Norwalk: City State Bank Fieldhouse, Fareway Fields, SportsPlex USA, and the Tru Hotel by Hilton with Husmann Development. Norwalk Central is expecting to draw over 1 million visitors per year.”
Hollie Zajicek, Economic Development Director for the City of Norwalk, stated “The City of Norwalk is committed to high-value developments that will grow our community in an economically healthy way and add to the tax base. This helps every resident in multiple ways. The Dunn Industrial Park is the newest addition to our long-term strategic plan of
growing Norwalk southwest, and eventually connecting to I-35.”
Contact Information: For more information about Dunn Industrial Park, please contact:
- Ryan Wiederstein, Broker/Owner
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ryan@wbrealty.com
- Note: The Broker has a financial interest in the property.
