Project Update: Manawa Centre
– A Strategic Retail Reinvestment in Council Bluffs
We’re excited to share that Sower, in partnership with Access Commercial, has officially closed fundraising and begun construction on the redevelopment of Manawa Centre, a high-profile open-air retail project in Council Bluffs, Iowa.
Project Snapshot:
- Location: 3125–3145 Manawa Centre Drive, Council Bluffs, IA
- Size: 81,000 square feet
- Leasing Status: 90% leased, with active negotiations underway for remaining space
- Tenants: Ross Dress for Less, HomeGoods, Sierra Trading Post (and one more to be announced)
Repositioning for Long-Term Value
Strategically located in a well-trafficked commercial corridor, Manawa Centre offers excellent visibility and accessibility. Formerly home to retailers like Gordman’s and Toys “R” Us, the site is being reimagined into a vibrant retail hub designed to meet modern consumer demand.
Our redevelopment plan is backed by a full capital commitment and favorable debt terms, and includes a comprehensive, capital-intensive tenant improvement strategy. This investment reflects our confidence in the location and the broader Council Bluffs market.
Tenant-Driven Momentum
The revitalized four-tenant center is anchored by a strong lineup of national retailers that are proven traffic drivers. With over 90% of the space already leased, tenant demand has been a testament to the property’s strategic value and our repositioning efforts.
Strategic Focus, Local Impact
The transformation of Manawa Centre underscores our ability to identify and activate underutilized assets with the potential to drive long-term growth. We’re proud to partner with Access Commercial on this project and look forward to delivering strong results for our investors.
