NOTABLE TRANSACTIONS: MLK Liquor LLC, located in Des Moines, paid JGC Holdings LLC $2.8 million for property at 3420 Martin Luther King Jr. Parkway in Des Moines, records show.
Kathy A. Bolten Jan 15, 2025 | 6:00 am
2 min read time
419 wordsAll Latest News, Real Estate and DevelopmentHarding Hills Shopping Center, located in North-Central Des Moines, has been sold, Polk County real estate records show.
The 2.9-acre parcel, developed in 1986, includes a 25,596-square-foot neighborhood shopping center. The strip center is anchored by Hy-Vee, which was not part of the acquisition. The property in 2023 was valued at just over $1 million. The transaction was recorded Jan. 10.
In other transactions:
RAK Properties LLC, based in Ankeny, paid Rock Equity Holdings III LLC $1 million for townhome properties at 2919, 2923, 2927 and 2931 S.W. Prairie Trail Parkway in Ankeny, records show. The two-story townhomes were built in 2022. The transaction was recorded Jan. 6.
Baur & Muller Inc., located in Broadway, Va., paid IA9 Des Moines LLC just over $1 million for properties at 1475 Hart Ave. and 6001 and 6017 S.E. 14th St. in Des Moines, records show. The property at 6017 S.E. 14th St. includes a recently built 4,763-square-foot car wash. The property is valued at $477,800. The property at 6001 S.E. 14th St. includes a newly built 735-square-foot coffee shop occupied by 7 Brew. The property in 2023 was valued at $222,000. The 1.1-acre parcel at 1475 Hart Ave. is undeveloped. The transaction was recorded Jan. 8.
PNL CM Des Moines LLC, managed by Minneapolis-based Proterra Value Investors LP, paid Cygnus Properties LLC $2.3 million for property at 4397 E. 50th St. in Des Moines, records show. The nearly 7-acre parcel includes a 16,002-square-foot office/warehouse whose construction was completed in 2024. The property is valued at just over $2 million. The transaction was recorded Jan. 8.
Raccoon Valley Investment Co., located in Des Moines, paid ABC Partnership LP $966,000 for 31.5 acres farmland east of Southwest 42nd Street and north of Echo Valley Drive, records show. The transaction was recorded Jan. 10.
Dallas County
Brendan Kelley and Denisa Topich paid Brian and Mary Rakers $1.2 million for property at 1179 S. Kingswood Court in West Des Moines, records show. The 2.1-acre parcel includes a 3,174-square-foot house built in 2018. The transaction was recorded Jan. 6.
Pyong Sik Son and Yein Kim paid Paramount Destination Homes Inc. $1.2 million for property at 1040 Thorne Drive in West Des Moines, records show. The property includes a 2,135-square-foot house whose construction was completed in 2024. The transaction was recorded Jan. 6.
Susan Osweiler paid Robert Snedegar Jr. and Heidi Snedegar $1.1 million for property at 3218 154th St. in Urbandale, Dallas County real estate records show. The property includes a 2,764-square-foot house built in 2005. The transaction was recorded Jan. 10.
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.