New owner of former Transamerica site open to redevelopment ideas

Panozzo says he has no specific plans, but vows to pursue ‘quality development’

By: Richard Pratt|August 29, 2022

Signs are posted around the former Transamerica site in northeast Cedar Rapids, noting that the property is available for redevelopment. CREDIT RICHARD PRATT

The new owner of the former Transamerica site in northeast Cedar Rapids says that while he doesn’t have specific plans for the property, he plans to pursue a “quality development that the community can be proud of.”

Kerry Panozzo, a real estate agent for HomeSmart Residential and Commercial Realty, said his company purchased the 51-acre site at 4415 N. River Blvd. NE in an online auction that…

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New owner of former Transamerica site open to redevelopment ideas

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