Serving the Quad Cities Since 1921
Mel Foster Co. was founded in 1921 when, at the age of 21, Mel Foster Sr. opened a one-man, one-room real estate operation. The company built its first house on Telegraph Road in 1927, the beginning of thousands to be built in the area. By 1936 there were offices in Moline, Rock Island and Davenport, and a full service insurance division.
Build It and They Will Come
Mel Foster, Sr. was the consummate city planner. He peered ahead to the “federal highway” and invested accordingly. Mel Sr. believed that it was important to provide affordable housing and that industry would locate where housing was readily available. The company successfully negotiated major industrial site purchases in the Quad Cities, including International Harvester, Caterpillar, 3-M, Cordova Nuclear Power Plant and ALCOA. At the same time, the company developed subdivisions, built houses and advocated for annexation, becoming a key ingredient in the physical and economic development of the Quad Cities and surrounding areas.
Continuing the Tradition
Under the direction of Mel Foster, Jr., the company continued its tradition of leadership, including negotiations for major industrial sites such as John Deere Davenport Works, the development of prime office space, major downtown and suburban developments. A pioneer in regional residential developments, the company has continued innovations with numerous large scale subdivisions. Mel Foster Commercial Real Estate Services LLC is committed to quality in construction
Today, under the management of a team of professionals, the company continues to be a leader in the brokerage division in the Iowa and Illinois area. Mel Foster Commercial Real Estate’s comprehensive services set the standard for excellence and leadership in the industry. Mel Foster Commercial Real Estate Services LLC ranked number one in the CMLS for 2014. Based on 2014 closed commercial transaction production, Mel Foster Commercial Real Estate Services LLC captured over 43 percent of total sales volume with $105,044,165 in closed sales.