Cedar Rapids Economic Alliance and Iowa City Area Development Group Invest in Commercial Real Estate Property Data Software
CEDAR RAPIDS – Cedar Rapids Metro Economic Alliance (EA) and Iowa City Area Development Group (ICAD Group) are partnering on a commercial real estate property data software called REsimplifi.
REsimplifi® is a data provider that includes web-based commercial real estate property data. The REsimplifi® service includes continuous and ongoing management of the data so long as the agreement is in place. REsimplifi® will work with their current software, Location One Information Systems (LOIS), which is used by the State of Iowa, local utilities, and economic development groups around the country for economic development real estate listing management.
Investing in REsimplifi® will make LOIS a robust resource for site selectors and companies searching for the ideal building or site to locate or expand their business. An accurate and reliable regional database of available properties gives the EA and ICAD more visibility and credibility with potential investors within our region.
While LOIS is a powerful tool, it needs additional information in order to maximize its potential. “LOIS is only useful as the data in it,” said Laura Thomas, Research and Analytics Specialist at the Economic Alliance. “Being able to coordinate regionally with an upgrade to this business attraction tool is something that we are very proud of. We are excited to proudly promote this new and improved data source to any companies looking to expand their business in the Iowa City- Cedar Rapids region.”
The EA and ICAD believed that joining forces on this software was not only important for economic development in our area, but for the importance of regional partnership. “This tool will be a force multiplier for site selection and marketing our region. It made sense to work with our regional partners on this effort both to combine resources and use a unified voice for economic development outreach,” said Austin Korns, Director of Business Development at ICAD Group.
REsimplifi® is the most exhaustive and researched commercial real estate property data available for economic development. The data would include:
Physical Locations with transaction status (For Sale, For Lease, For Sale & Lease)
Physical Address of properties available for sale, for lease
Unique log-in and license to resimplifi.com for parcel data including ownership information and parcel details for each EDO member (client).
Active Commercial Real Estate Company and Brokerage Profiles Monthly update summary and overview of commercial real estate property listings broken down by New Listings and Removed (Expired/ Transacted) Listings.
REsimplifi® launched in August and will be used by the EA, ICAD, and brokers throughout the region.
Regional commercial listings are viewable at https://icriowa.org/companies/buildings-sites/ .
The Cedar Rapids Metro Economic Alliance drives economic, workforce and population growth strategies, and helps businesses succeed.
The Iowa City Area Development Group’s mission is to create, collaborate, and act boldly to help build the economic future of our community and be the best place for all people and businesses to THRIVE.