NOTABLE TRANSACTIONS: Bergman starts acquiring land for Grand Experience development

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WDM South LLC, managed by developer James Bergman, paid W&G McKinney Farms LC $5.1 million for about 24 acres of farm ground along Grand Avenue near the MidAmerican Energy Co. RecPlex in West Des Moines, Dallas County records show. Bergman is the developer behind the Grand Experience, a proposed $400 million development that is expected to include an indoor water park, hotel and conference center. Under a development agreement approved in December by the West Des Moines City Council, Bergman will donate 5.39 acres south of Grand Avenue and east of the RecPlex to West Des Moines for parking. The transaction was recorded March 7.

Polk County

MRG Urbandale LLC, located in Ankeny, paid Central Bank $1.3 million for property at 3800 100th St. in Urbandale, Polk County real estate records show. The 1.1-acre parcel includes a 4,928-square-foot bank building with drive-thru. The property is valued at $1.28 million. The transaction was recorded March 3.

Hue 01 LLC, located in Fountain Valley, Calif., paid Alfas Properties LLC $1.26 million for apartment properties at 110 and 114 N.W. College Ave. in Ankeny, records show. Both parcels include a two-story, brick apartment building with eight units. The buildings were constructed in

1966. Each property is valued at $482,000. The transaction was recorded March 3.

Shergil Enterprises LLC, located in Stockton, Calif., paid Ord Properties LTD $1.37 million for property at 1842 N.W. 86th St. in Clive, records show. The property includes a 4,048-square-foot auto repair shop constructed in 1991. The property is valued at $737,000. The transaction was recorded March 4.

Screp II HC SPE LLC, located in Chicago, Ill., paid Riordan Partners LLC $1.2 million for property at 301 N.W. 18th St. in Ankeny, records show. The property includes a 3,995 square-foot building occupied by a veterinary clinic. The building was constructed in 2003. The property is valued at $914,000. The transaction was recorded March 6.

Pasco Storage Unlimited Inc., located in West Des Moines, paid iPlanGroup $3.75 million for property at 435 Adventureland Drive in Altoona, records show. iPlanGroup is an agent for eight entities. The 3-acre parcel includes a self-storage facility. The transaction was recorded March 7.

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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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