GLD Commercial is an independent, locally owned commercial real estate firm based in Cedar Rapids, Iowa, serving the Eastern Iowa region. With over 50 years of combined experience, the firm specializes in sales and leasing brokerage, buyer and tenant representation, site selection, investment sales, property management, consulting, and property valuation. Their mission is to deliver results-driven solutions tailored to each client's unique needs, leveraging deep market knowledge and a disciplined approach.
Key Strategic Focus
GLD Commercial's strategic focus encompasses a comprehensive range of services, including:
- Sales & Leasing Brokerage: Facilitating transactions for various property types.
- Buyer & Tenant Representation: Advocating for clients in acquiring or leasing properties.
- Site Selection: Identifying optimal locations for business operations.
- Investment Sales: Assisting clients in buying or selling investment properties.
- Property Management: Overseeing the daily operations of commercial properties.
- Consulting & Property Valuation: Providing expert advice and accurate property assessments.
The firm targets the Cedar Rapids Metro, Linn County, Johnson County, and the broader Eastern Iowa region, catering to a diverse clientele across various industries.
Financials and Funding
As a privately held company, specific financial details and funding history for GLD Commercial are not publicly disclosed.
Pipeline Development
GLD Commercial has been instrumental in several significant transactions, including:
- Lindale Mall: A 723,666 SF enclosed shopping mall sold for $28,500,000.
- Marriott Hotel: A 187,782 SF hotel on 8.32 acres sold at auction for $8,180,000 and rebranded as a Radisson.
- Marketplace On First Shopping Center: An off-market sale for $19,500,000.
- Big Grove Brewery & Taproom: Completed construction on an 11,313 SF restaurant and brewery.
These transactions highlight the firm's active role in shaping the commercial real estate landscape in Eastern Iowa.
Technological Platform and Innovation
GLD Commercial leverages advanced market analysis tools and proprietary databases to provide clients with comprehensive insights into market trends, property valuations, and investment opportunities. Their disciplined, results-driven approach ensures tailored solutions for each client.
Leadership Team
The leadership team at GLD Commercial comprises experienced professionals dedicated to delivering exceptional service:
- Dave Drown: A seasoned expert in commercial real estate with a focus on investment sales and property management.
- Adam Gibbs: Specializes in sales and leasing brokerage, bringing extensive market knowledge to client engagements.
- Angie Glick-Martin: Expert in tenant representation and site selection, known for her strategic approach to client needs.
- Erica Seelman: Focuses on consulting and property valuation, providing clients with accurate assessments and strategic advice.
Each leader brings a wealth of experience and a commitment to client success.
Leadership Changes
There have been no recent significant changes or appointments within the company's leadership team.
Competitor Profile
Market Insights and Dynamics
The Cedar Rapids commercial real estate market has experienced steady growth, with the retail/service sector comprising approximately 9.3 million square feet and maintaining a vacancy rate around 7.73%. The average asking rental rate is $14.64/SF NNN. Limited new construction has led to increased demand for existing spaces.
Competitor Analysis
Key competitors in the Eastern Iowa commercial real estate market include:
- Skogman Commercial Group: Offers a range of services similar to GLD Commercial, with a strong presence in the Cedar Rapids area.
- Pivot Real Estate: Focuses on innovative real estate solutions and has a growing portfolio in the region.
- Q4 Real Estate: Provides comprehensive commercial real estate services with a focus on client-centric solutions.
These firms contribute to a competitive landscape, each bringing unique strengths to the market.
Strategic Collaborations and Partnerships
GLD Commercial has established partnerships with various local and national organizations, enhancing their market position and service offerings. Notable collaborations include:
- Colliers International: Assisted in identifying new office space for a regional client in the Cedar Rapids market.
- Cushman & Wakefield: Partnered on lease negotiations for a national client requiring office and lab space in Coralville.
- Mid-America Real Estate Group: Collaborated to secure a 20-acre site in Cedar Rapids for Fleet Farm.
These partnerships underscore GLD Commercial's commitment to delivering comprehensive solutions through strategic alliances.
Operational Insights
GLD Commercial's deep understanding of the Eastern Iowa market, combined with their extensive network and client-focused approach, provides a distinct competitive advantage. Their ability to offer tailored solutions and adapt to market dynamics positions them as a leader in the region's commercial real estate sector.
Strategic Opportunities and Future Directions
Looking ahead, GLD Commercial aims to capitalize on the steady demand for commercial spaces in Eastern Iowa by:
- Expanding Service Offerings: Enhancing property management and consulting services to meet evolving client needs.
- Leveraging Technology: Investing in advanced analytics and digital platforms to provide clients with real-time market insights.
- Strengthening Partnerships: Building on existing collaborations and exploring new alliances to broaden their market reach.
These strategic initiatives are designed to reinforce GLD Commercial's position as a trusted advisor in the commercial real estate market.
Contact Information
For more information, visit GLD Commercial's official website:
GLD Commercial's headquarters are located in Cedar Rapids, Iowa.
