NOTABLE TRANSACTIONS: Hubbell Realty Co. buys land in Grimes

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Hubbell Realty Co., doing business as Grimes Square LLC, has acquired 166 acres in Grimes, Polk County real estate records show. Hubbell paid EBH Inc. $8.12 million for the three parcels of undeveloped land. Two parcels front Southwest 19th Street, east of Southwest County Line Road. The transaction was recorded Dec. 16.

Edged Des Moines LLC, located in Darien, Conn., paid Commerce Center LLC $3.7 million for nearly 36 acres on the southwest corner of Northeast 54th Avenue and Northeast 29th Street in Ankeny, records show. Most of the land has been used for farming. The transaction was recorded Dec. 16.

Matthew Selzer and Adin Selzer paid Dynasty Partners Homes LLC just over $1 million for property at 8024 N.W. 106th Court in Johnston, records show. The property includes a recently constructed one-story, 2,058-square-foot house. The transaction was recorded Dec. 16.

Samuel and Krista Robinson paid J3 homes LLC just over $1 million for property at 1111 Oakwood Drive in Polk City, records show. The property includes a one-story, 2,515-square-foot house whose construction was recently completed. The transaction was recorded Dec. 16.

Developer Tim Rypma, doing business as 113 SW 8th Street LLC, has acquired a 1-acre parcel at 113 S.W. Eighth St. in Des Moines, records show. The parcel, which had been owned by Wells Fargo Properties Inc., includes a two-story, 19,250-square-foot building constructed in 1970. The structure is known as the Lortex Building. Rypma, in an email, wrote that the property, which includes a surface lot, will be used for overflow parking for the former Carpenter Paper Co. building, which is adjacent to the site. Rypma, who acquired the property for $650,000, is part of a group redeveloping the Carpenter building for office use. The transaction involving the Southwest Eighth Street property was recorded Dec. 18.

Joni Tessman and Laura Gerber paid Kimberley Development Corp. $1.2 million for property at 11305 N.W. 11th Ave. in Granger, records show. The 1.4-acre parcel includes a recently built 2,227-square-foot house. The transaction was recorded Dec. 17.

Sunstone Investments LLC, located in Des Moines, paid Anderson Land LC $3.8 million for 23 acres of undeveloped land at 4832 N.E. 56th St. and 154 34th Ave. S.W., both in Altoona, records show. The transaction was recorded Dec. 17.

Hope K Farms LLC, located in West Des Moines, paid Koch & Associates LLC $3.89 million for nearly 156 acres of farmland northwest of Bondurant, records show. The land is east of Northeast 64th Street and about one-half mile south of Northeast 94th Avenue. The transaction was recorded Dec. 17.

Marco Properties LLC, located in Urbandale, paid Snyder-Greedy LLC $1.8 million for 54 acres of farmland in Altoona, records show. The property is about one-quarter of a mile east of Northeast 80th Street and about one-quarter of a mile north of Northeast 38th Avenue. The transaction was recorded Dec. 18.

Thrive Iowa LLC, located in Urbandale, paid Timbercrest Homes LLC $2.2 million for 10 townhome properties in Pine Valley Plat 1 in Pleasant Hill, records show. The townhomes are located in an area south of Schweiker Drive and north of Amberwood Drive. The transaction was recorded Dec. 19.

Mainline Construction Inc., located in Bondurant, paid Infinity Real Estate Investments LLC $1 million for property at 773 N.E. 47th Place in Des Moines, records show. The 1.5-acre parcel includes a 9,600-square-foot warehouse built in 2005. The property is valued at $944,000. The transaction was recorded Dec. 20.

168East Inc., located in Coralville, paid Cinemark USA Inc. $1.15 million for undeveloped land at 2421 Adventureland Drive N.W. in Altoona, records show. The property includes nearly 1.5 acres. The transaction was recorded Dec. 20.

Christopher and Allison Dunbar paid Kirk and Lisa Fischer just over $1 million for property at 8500 Brook Ridge Drive in Johnston, records show. The property includes a 3,630-square-foot house built in 2007. The transaction was recorded Dec. 20.

The city of Des Moines has finalized its acquisition of a parking garage at 1200 Mulberry St., records show. The city paid Nationwide Mutual Insurance Co. $10.6 million for the property. Earlier, the city acquired an office building from Nationwide. The transaction involving the parking garage was recorded Dec. 20.

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Kathy A. Bolten

Kathy A. Bolten is a senior staff writer at Business Record. She covers real estate and development, workforce development, education, banking and finance, and housing.

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