Iowa Fastener to Build New Ankeny Distribution Facility
The company will construct an 82,000-square-foot facility to accommodate growing demand for its products.
Updated on Oct. 28, 2026 in Commercial
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Iowa Fastener plans to construct a new 82,000-square-foot distribution facility at 2210 SE Creekview Drive in Ankeny. The project follows approval from the Ankeny City Council for a $735,000 tax incentive package.
Why it matters
The investment aims to support the company's growth as its current leased facility has become insufficient. Expanding the footprint will allow the business to maintain its local presence while managing increasing customer demand.
The expansion will see Iowa Fastener move from its current 35,000-square-foot space to an 82,000-square-foot facility built on 5.5 acres of land. The company is committed to retaining 17 existing positions and creating three new jobs.
The players
Iowa Fastener
This is a fastener distribution company that has operated in Ankeny since 2019.
Ankeny City Council
The local governing body responsible for approving municipal tax incentives and development policies.
Denny Elwell Group
A local real estate development firm that sold the project site to Iowa Fastener.
ATI Group
The firm responsible for managing the construction project for the new facility.
Rains Architecture
The design firm contracted to develop the layout and structure of the new distribution center.
The details
Iowa Fastener purchased the 5.5-acre site from the Denny Elwell Group to facilitate the move from its current location at 2302 SE Creekview Drive. The company is partnering with ATI Group for construction management and Rains Architecture for the design of the new building.
Timeline
Iowa Fastener opened for business in 2019.
The Ankeny City Council approved the incentive package on October 19, 2026.
Construction is expected to begin in fall 2026.
Construction completion is expected in July or August 2027.
Culture Shift
This project follows a pattern set by previous local business expansions that have utilized the Ankeny City Council's use of Tax Increment Finance rebates to secure land. It highlights how growing local firms utilize municipal support to facilitate the transition into larger, owned commercial properties.
The expansion requires the company to retain 17 current positions and create three new jobs, providing long-term employment stability for the area. Residents may notice construction activity at the 2210 SE Creekview Drive site beginning in late 2026.
The takeaway
This expansion signals a significant scaling of operations for a local company that started with just 10,000 square feet in 2019. Business owners looking to grow should note that municipal incentive packages often require firm commitments regarding job creation and retention.
What happens next
Construction is slated to begin in fall 2026, followed by a targeted project completion date in July or August 2027.
Further reading
Learn more about the latest developments in the region on the Ankeny Commercial page.
Source note: This article includes information reported by Business Record.
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