REAL ESTATE

Starbucks coming to mixed-use center in Iowa

BY Dan Berthiaume

Des Moines, Iowa – Two leases have been signed for ground-floor retail space at The Foundry in Ames, Iowa, including Starbucks. Committed tenants for the luxury student housing complex near Iowa State University also include Barefoot Campus Outfitter.

“We’re excited to welcome both companies as tenants at The Foundry,” said Jason Conway, director, real estate development, of Opus Development Company L.L.C., developer of The Foundry. “Adding to the building’s amenities, they will enhance the living experience for residents and provide great food and retail options for the surrounding community.”

With a premium location at the entrance to Iowa State University’s campus, both retailers will open fall 2015. Starbucks coffee company will occupy 2,000-sq.-ft. of space with its only location in the campus neighborhood. Barefoot Campus Outfitter, a college spirit wear company, will occupy 3,500-sq.-ft.of space for its first store in the Midwest. The Foundry features an additional 1,900-sq.-ft.of ground-level retail space still available for lease.

After breaking ground in summer 2014, the six-story, 53-unit student housing complex is 100% leased and on schedule to open prior to the fall semester in August 2015.

Chris Thomason and Steve Scott from NAI Optimum represented Opus on both transactions. Starbucks was represented by Boh Kurylo of The Lerner Company and Barefoot Campus Outfitter was represented by Ryan Davenport from Scott Brown Commercial.

Opus Development Company L.L.C. is the developer of The Foundry and Opus Design Build L.L.C. is the design-builder. Opus AE Grou, L.L.C. is the architect and structural engineer of record and partnered with Minneapolis-based Elness Swenson Graham Architects Inc. on the design.

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