A West Des Moines development and real estate holding group has purchased 120 acres in Johnston and has plans for a development that includes single-family houses, townhomes, and commercial and retail space, Polk County real estate transaction show.
 
 
 
 
Hope K Farms LLC paid $7.3 million to the Bright Foundation on Nov. 25 for farm ground on the southwest corner of Northwest 70th Avenue and Northwest 100th Street in Johnston, records show. The ground is north of Johnston High School.

The Dale and Lois Bright Foundation was established in 1957 by the couple, who grew up in Lineville, Iowa. After graduating from high school, the Brights moved to Des Moines where Dale eventually went to work for Western Tool & Stamping Co. He was the company’s vice president when he retired in 1957. Lois and Dale Bright are both deceased.

Over the years, the Bright Foundation has contributed millions of dollars to Iowa organizations, charities and educational institutions. The foundation began awarding Bright Scholars of Iowa Awards in 2012 and the Lois Dale Scholarship in 2015. Money from such things as the sale of land helps fund the scholarships and donations.

Hope K Farms was begun by Reza Kargarzadeh, president and CEO of Engineered Plastic Components Inc. Kargarzadeh typically invests in farm ground that is in the path of development, said Tim Day, director of business development for Engineered Plastic Components and Hope K Farms.

The land has been rezoned from agricultural to single-family residential, medium density residential and a community retail commercial zoning district. The commercial district is mostly along Northwest 70th Avenue, city documents show.

Day said 95 acres will be sold to Transition Properties LLC, which will develop the residential part of the of the development. Hope K Farms will develop the remaining 25 acres, Day said. The development could include strip retail centers and other commercial projects, he said.

The name of the development, Ridgedale Heights, was suggested by a group of Johnston High School business students who learned about the Brights in a business class, Day said.   

Other transactions:

Architectural Arts Building Co. LLC paid All American Architectural Arts LLC $1 million on Dec. 2 for property at 2200 E. Ovid Ave., Des Moines, Polk County real estate transaction records show. The property includes 2.9 acres and three metal buildings, portions of which are warehouses. The property is valued at $1.39 million.

MidAmerican Energy Co. paid Chayse Holdings LLC $4.2 million on Dec. 3 for property at 4124 N.W. Urbandale Drive, Urbandale. The property includes 4 acres and a one-story, 8,880-square-foot building constructed in 2007. The property, for which Chayse Holdings paid $3.5 million in February, is valued at $3.78 million, records show.

Chad and Julia Tentinger paid Darren and Amanda Wood $1.2 million on Nov. 29 for a 4,400-square-foot house at 1575 Tulip Tree Lane in West Des Moines. Chad Tentinger is president of Ten Corp. Inc., which primarily develops and constructs cattle confinement facilities.

Swift Properties LLC of Bondurant paid Mulberry Pointe LLC of Des Moines $4.9 million on Dec. 3 for a 59-unit apartment complex at 906 Washington Ave. S.E. in Bondurant, records show. The complex, built in 2003, includes seven buildings, garages and a clubhouse. The property was valued at $3.8 million by the Polk County assessor.