 |
The history of the Mid-America Group
is closely tied to the career of Marvin
A. Pomerantz. Born in Des Moines, Iowa on August 6, 1930, Mr.
Pomerantz graduated from The University of Iowa in 1952 with a Bachelor
of Science Degree in Commerce. In 1961, he founded Great Plains
Bag Corp. and Great Plains Equipment Co. (which eventually became
Mid-America Investment Co. in 1972) and served as their President
and General Manager for 14½ years.
Shortly after founding Great Plains
Bag Corp., and with a need for additional warehouse space, Mr. Pomerantz
created Mid-America Realty Company to own the bag plant and a building
next door. He then proceeded to build a new warehouse. A long-term
tenant was found for the warehouse, so he built yet another warehouse.
The theory - to build a building suitable for a variety of uses,
fill it, then lease it and build again - led to the formation of
Mid-America Development Company (originally called Mid-America Realty
Company) on December 1, 1972.
In the mid-1970's, Mid-America Development
Company began undertaking joint ventures on build-to-suit projects,
including the company's association in West Properties Partnership
forming the Westridge Office Park in West Des Moines; a joint venture
project for the Des Moines Northwestern Bell Telephone Company Piekenbrock
work center; a partnership arrangement (during 1979) for the purchase,
development, leasing and management of the Colorado Springs Service
Center in Colorado Springs, Colorado; and again, a joint venture
agreement for the construction of the Waterfall Glen Office Park
with the Levy Organization of Chicago, Illinois (in 1984) to construct
a quality office park in the Chicago area.
In December of 1988, the Company
announced a new venture in the residential and commercial brokerage
business. In March 1990, the brokerage company entered into a franchise
agreement with Coldwell Banker. In February 1992, the Company was
fully integrated into the Mid-America Group, Ltd. companies and
is now known as Mid-America Real Estate Co. and is doing business
as Coldwell Banker Mid-America Group, REALTORS and Mid-America Commercial Real Estate.
By December 1990, the Mid-America
Group controlled over one million square feet of industrial space
and close to a million square feet of office space. Mid-America
Investment Co., continues to develop commercial and residential
real estate. Land zoned for single family homes is developed into
attractive neighborhoods complete with parks, trails, and other
amenities. These lots are sold to builders with covenants dictating
land usage and construction. The Woodlands is a 155-acre development
of executive style homes in Clive, Iowa. Ashland Meadows in Ankeny,
Iowa is currently being developed as a mixed use, pedestrian friendly
community.
During 2000, work began on Mid-America's
next Class A office park, Northpark Business Center. Located in
Urbandale at the junction of I-80/35 and 86th Street, Northpark
is positioned to be the next premier suburban office/retail campus. Also that year Mid-America Group began work on a 156 acre community located in northwest Ankeny. Ashland Meadows is designed to combine the best features of urban living with the conveniences suburban residents expect. A mixed-use development with schools, churches, shopping and a variety of residential options close at hand, Ashland Meadows is positioned to be the lifestyle choice of the next decade.
In 2006 residential sales began in South Maple Grove. At just under 220 acres, South Maple Grove is truly a city within a city. The development, west of the Des Moines Golf and Country Club, integrates over 300 residential lots with strategically placed support commercial and medium- and high-density developments, as well as a Waukee elementary school and neighborhood park.
|
 |