Top 10 Office Deals of 2018

West Lakes Surgery Center
Carter Validus, a real estate investment trust based in Tampa, Fla., paid $23.5 million on Nov. 20 to MD Realty of Des Moines LLC of Byron Center, Mich., for the 60,862-square-foot West Lakes Surgery Center at 12499 University Ave., Clive The purchase was made through HCII 12499 University Avenue LLC.

Altoona medical clinic
501 W. Weber LLC, based in Stockton, Calif., paid $8 million on June 27 to Myers Unity Point LLC, TJS Unity Point LLC, Rizzuti Holdings II LLC and AJE Unity Point LLC for the Unity Point clinic at 2720 Eighth St. N.W., Altoona.

Iowa Network Services new home
Iowa Network Services Inc. paid $2.5 million on Aug. 14 to Principal Life Insurance Co. for a 23,124-square-foot office building at 616 10th St., Des Moines.

Former office, new hotel
207 Crocker LLC paid $2.5 million on Feb. 26 to Catholic Health Initiatives Iowa Corp. for a four-story, 50,544-square-foot office building at 207 Crocker St., Des Moines. The building will be converted to a hotel.

West Des Moines office
GCC Properties LLC paid $1.78 million on Aug. 22 to Shojaat Properties Inc. for a 13,320-square-foot office building at 5058 Grand Ridge Drive, West Des Moines.

Medical office in Ankeny
Denny Elwell Family LC and DTK Properties LLC paid $1.75 million on June 13 to Central Iowa Health Properties Corp. for a 12,532-square-foot medical office building at 1105 N. Ankeny Blvd., Ankeny.

Medical office, West Des Moines
Westown Parkway Real Estate Co. LLC paid $1.5 million on July 2 to the Olivencia Family Trust for a 9,433-square-foot medical office building at 2425 Westown Parkway, West Des Moines.

DMACC picks a new home for Davis Center
Des Moines Area Community College paid $1.5 million on Dec. 27 to Anawim Housing Inc. for 1171-1183 Seventh St., Des Moines.

Iowa Realtors turn a bike shop to an office
The Iowa Association of Realtors paid $1.45 million on Aug. 15 to Ridgway Properties LLC for the 11,200-square-foot former Bike World store at 5950 Village View Drive, Suite 100, West Des Moines.

Lincoln Savings Bank downtown branch
Lincoln Savings Bank paid $1.25 million on June 29 to Jake Christensen's 1922 Ingersoll LLC for a 7,584-square-foot office building at 1922 Ingersoll Ave., Des Moines.

Top 10 Retail Deals of 2018

Mills Fleet Farm, Ankeny
Hurd Real Estate Services paid $19 million to New York-based hedge fund Davidson Kempner Management for the Mills Fleet Farm at 3875 S.E. Delaware Ave. in Ankeny plus 4.5 acres that can be developed for additional retail. Hurd Realty represented itself. The seller was represented by Will Pike of CBRE Group Inc.’s New York office.

California investor buys neighborhood retail
Westown Properties LLC paid $9.4 million on Feb. 1 to Mark Anderson Properties LC for neighborhood shopping centers at 2651 100th St. and 2725 100th St., Urbandale. Westown Properties is managed by California investor Karr Field.

Neighborhood shopping center and warehouse
MCR Investments VI LLC paid $7.85 million on Nov. 12 to Signature Real Estate Holdings for a 52,000-square-foot neighborhood shopping center at 10101 Hickman Road, Urbandale, and a 78,234-square-foot warehouse at 10161 Hickman Road, Urbandale. The properties were owned by Signature entity 10151 Hickman LLC.

West Des Moines Red Lobster
Dan C Inc. of Gold River, Calif., paid $6.2 million on Sept. 27 to an entity of CIM Group of Phoenix for the Red Lobster property at 3838 Westown Parkway, West Des Moines.

Southport Plaza, Des Moines
Southport Group LLC paid $4.4 million on May 22 to Southport Partners LLC for Southport Plaza at 6301 S.E. 14th St., Des Moines.

Neighborhood shopping center, Ankeny
Corgi One Ankeny Properties LLC, based in Las Vegas, paid $3.8 million on Feb. 5 to HDANK Investment LLC, managed by Ron Daniels, for a neighborhood shopping center at 2325 S.E. Delaware Ave., Ankeny.


Willis has room to grow in Clive
Willis Auto Campus paid nearly $3.2 million on Oct. 31 to 121 Acquisition Co. LLC of Dallas for the former Nebraska Furniture Mart at 2075 N. 94th St., Clive. 121 Acquisition is the real estate arm of Nebraska Furniture Mart, which is a part of Berkshire Hathaway. Nebraska Furniture Mart moved into a former Dahl’s store at 156th Street and Hickman Road.

Neighborhood shopping center, Urbandale
Steelsmith Properties LLC paid $2.98 million on May 30 to Linden Holden Co. LLC for the 34,976-square-foot Westmark Plaza II neighborhood shopping center at 2601 86th St., Urbandale.

Des Moines hotel
Ram Lodging LLC paid $2.9 million on April 18 to PIDI Investments LLC for the Econo Lodge hotel at 4743 Merle Hay Road, Des Moines.

Auto repair in Ankeny
Littleton, Colo.-based 1315 Ankeny LLC paid $2.7 million on Dec. 18 to CBH Properties Ankeny LLC of Houston for the Christian Brothers Automotive repair shop at 1315 N. Ankeny Blvd., Ankeny.

Top 10 Industrial Deals of 2018 

Daimler warehouse
Country Club Investment Co. LC paid $17.8 million on May 24 to Anderson Four LLC for the 245,520-square-foot Daimler warehouse at 1000 S.E. 19th St. in Legacy Park, Grimes.

Moehl Millwork
AIC Ventures of Austin, Texas, paid $7.2 million on Oct. 23 to Home Factories Inc. of Galt, Calif., for the 111,803-square-foot Moehl Millwork building located on 10.4 acres at 5150 S.E. Rio Court, Ankeny. AIC Ventures is an investment firm that specializes in sale and leaseback arrangements with middle market companies. The property was purchased through AIC-related entity AIC Income Fund Rio LLC.

Des Moines warehouse
Stag Industrial Holdings LLC of Boston paid $6 million on Aug. 8 to Warehouse 1900 E. 17th St. LLC for an 82,320-square-foot warehouse on five acres at 1900 E. 17th St., Des Moines.

Coke warehouse to U-Haul
Amerco Real Estate Co. of Phoenix paid $5.6 million on Sept. 7 to Atlantic Bottling Co. for the former Coca-Cola warehouse at 16200 Hickman Road, Waukee. Amerco acquires properties for self-storage operations, according to its website.

Flex warehouse in Johnston
Gottula Properties LC and two related entities paid $3.9 million on Jan. 11 to Sansgaard Properties LLC for a 36,630-square-foot flex warehouse on 5.3 acres at 8191 Birchwood Court in Johnston.

Ankeny warehouse
UniFirst Corp. of Wilmington, Mass., paid $3.7 million on Oct. 17 to Shorr Ankeny LP of Aurora, Ill., for a 56,620-square-foot warehouse at 2401 S.E. Creekview Drive, Ankeny.

Des Moines municipal services
The city of Des Moines paid $3 million on Jan. 4 for the former Monfort Inc. beef packing plant at 1700 Maury St. and nearby properties where the city plans a municipal services center.

West Des Moines warehouse
Next Phase Development LLC paid $2.55 million on Nov. 21 to Scharnberg Real Estate LLC for a 40,260-square-foot, multi-tenant warehouse at 2150 Delavan Drive, West Des Moines. Richie Hurd and Daniel Hurd of Hurd Realty represented the seller. Mike Schindler and Ben Brackett with Ferguson Real Estate represented the buyer.

Light industrial in Grimes
Merge Left LLC paid $2.55 million on Oct. 9 to Flat Out Property LLC for a 36,380-square-foot light industrial building at 1152 S.E. Gateway Drive, Grimes.

Cold storage in Des Moines
Kool Storage LLC paid $2.2 million on Feb. 5 to Des Moines Cold Storage Co. Inc. for nearly 195,000 square feet of warehouse space located on 7 acres at 800 New York Ave. and 2814 Seventh St., Des Moines.

Top 10 Land Deals of 2018

Apple Data Farm
Apple Inc. paid $68.4 million to acquire 2,042 acres of private property from 22 individuals or entities for future development of a data farm. Most of the purchases were completed in April 2018. As an example, Apple Inc. paid a total of $10.8 million on March 8 to Wittern LLC and General Manufacturing Co., which is controlled by the Wittern family, for 172 acres of farmland in Waukee.

Menards buys Grimes land
Menards Inc. paid $7.3 million on June 5 to entities controlled by Kurt Mumm and Mark Hanrahan for 28 acres near East First Street and Iowa Highway 141 in the Destination Market development in Grimes.

Federal courthouse
The United States of America paid nearly $6.5 million on Oct. 12 to Hubbell Terminal Corp. for the former Riverfront YMCA property at 101 Locust St., where plans call for a new federal courthouse.

R&R buys more land in Urbandale
Two entities operated by R&R Realty paid $5.7 million on Aug. 27 to Edward and Teresa Shafer for 74 acres at the northwest corner of 128th Street and Meredith Drive, Urbandale.

Destined for a warehouse
Graham Group Inc. paid $3.46 million on Oct. 5 to Anderson Family Farms LP for 73.6 acres at 5845 N.E. 56th St., Altoona.

Waukee’s Kettlestone area
Kettleview LLC, managed by Daniel Pettit, paid nearly $3.3 million on Aug. 8 to Arac LLC, managed by Kurt Brewer, for 12.4 acres along Grand Prairie Parkway. Don Brown, Coldwell Banker Commercial, represented the buyer and seller.

Land for Deere tech center
Ryan Cos. US Inc. paid $2.9 million on April 9 to First Assembly of God Church for 34 acres at 9301 Northpark Drive in Urbandale, where it will build a new $32.6 million technology center for Deere & Co.’s Intelligent Solution Group. Ryan also has a right of first refusal on other property First Assembly of God Church owns in the Northpark Business Centre.

One big playground
The city of West Des Des Moines paid $2.5 million on Dec. 6 to W&G McKinney Farms LC for 60.9 acres that stretch east from Jordan Creek Parkway, between Grand Avenue and Iowa Interstate Railroad tracks to the south. The property will be the site of a sports center called the MidAmerican Energy Company RecPlex.

Hummell expansion in Ankeny
Hummell Real Estate LLC paid $2.4 million on Jan. 25 to Denny Elwell Family LC for a lot in the Hummel’s Nissan Plat east of Interstate 35 and south of Oralabor Road in Ankeny.

Hubbell’s Bridge District in Des Moines
Hubbell Realty Co. paid $2 million on April 4 to Principal Financial Group Inc. for three lots that will be part of Hubbell’s Bridge District development in Des Moines. 

Top 10 Residential Deals of 2018

West Des Moines Townhomes
An entity sponsored by Four Mile Capital LLC of Louisville, Colo., paid $40.25 million on Dec. 11 to Signature Real Estate Holdings of West Des Moines for the 222-unit Aspire Townhomes at 6950 Stagecoach Drive, West Des Moines.

Apartments in Waukee
Apartments at Autumn Ridge LLC of Brooklyn, N.Y., paid $32.4 million on July 5 to Classic Builders of Ankeny for the 236-unit Autumn Ridge Apartments in Waukee.

Apartments in West Des Moines
North Dakota-based EVI Westlake Apartments LLC paid $32 million on Sept. 7 to Missouri-based MV Westlake Apartments for 92 West Apartments at 1770 92nd St., West Des Moines.

Ingersoll Square residential and retail
Marc Realty of Chicago paid $26.3 million on on Dec. 7 to Ingersoll Square Partners LLC of West Des Moines for 133 apartment units and a neighborhood retail center at the Ingersoll Square development at Martin Luther King Jr. Parkway and Ingersoll Avenue, 
Des Moines. 

New owners, new name in West Des Moines apartments
An entity managed by Mandel Group Inc. of Milwaukee paid $19.4 million on Sept. 27 to Continental Properties Co. Inc. of Menomonee Falls, Wis., for the 168-unit Springs at Jordan Creek Apartments, 8655 Bridgewood Blvd., West Des Moines. The complex was renamed Prairiegrass at Jordan Creek.

Des Moines apartments
Roers Investments of Long Lake, Minn., paid $7.1 million on March 7 to Royal Oaks Partners LLC of Fargo, N.D., for the 203-unit Royal Oaks Apartments at 2400 Hickman Road, Des Moines.


Drake-area apartments
Iowa City developer and property manager SouthGate Cos. paid $7 million on Aug. 10 to Neighborhood Development Corp. for the 50-unit Forest Avenue Village apartment development at 3201 Forest Ave., Des Moines.

Drake Park Residential co-op
Artisan Capital Group LLC of Chicago paid nearly $5.8 million on Aug. 30 to Urbandale-based Premier real estate companies for the 87-unit Drake Park Residential COOP, 1304 34th St., Des Moines. Premier was represented by the Chicago office of Berkadia.

Kenwood, Rosewood apartments in Des Moines
Kenwood Apartments LLC paid $5.1 million on March 14 to Kenwood Rosewood Apartments LLP of North Dakota for the 60-unit Kenwood Apartments at 530 E. Kenyon Ave., Des Moines, and the 48-unit Rosewood Apartments at 221 E. McKinley Ave., 
Des Moines. 

Housing co-op buys old shopping center
Reed Cooperative Housing Association paid $3.7 million on July 10 to Eastpointe LLC for the 43,200-square-foot East Pointe Plaza neighborhood shopping center at 2590 Hubbell Ave., Des Moines.