An investment group has purchased a neighborhood shopping center in Urbandale, paying $16.2 million for the property, Polk County real estate records show.

The shopping center at 3701 86th St. was built on nearly 13 acres in 1994, records show. The center includes a one-story, 124,759-square-foot retail building with brick veneer and a one-story, 75,818-square-foot building.

The property was purchased by several entities including TL Urban Town Center LLC, managed by Brad Lowe of Spire Property Management in Des Moines; MRP1031 LLC and GRP1031 LLC, both managed by Marcus Pitts, a local commercial real estate broker; and KAJ2 LLC, managed by Jack Pennington, a local attorney, records show. Other investment entities include Anderson Investing LLC, G5 Ventures LLC, LKB Ventures LLC and JJR Holdings LLC.

The seller of the property was Urban Town Center LLC, managed by David Hansen, president of Signature Commercial Real Estate. Urban Town Center LLC acquired the property in 2015.

The property is valued at $10.8 million.

The transaction was recorded June 13.

In other real estate transactions:  

Rock Street Properties LLC, based in Grimes, paid Murillo Flats LLC $1.1 million for property at 611 16th St. in Des Moines, records show. Rock Street Properties LLC is managed by Eric Lee Ingvall of Ingvall Properties in Grimes. The Des Moines property (photo at right) includes a four-level, brick apartment building constructed in 1903. It includes seven apartment units. The property is valued at $776,000. The transaction was recorded June 13.

SAMCAT Holdings LLC, based in Polk City, paid First State Bank Iowa, First National Bank New Hampton and Luana Savings Bank $650,000 for property at 755 W. Bridge Road in Polk City, records show. The property includes a 3,216-square-foot, one-story building constructed in 2005. The property is valued at $567,000. The transaction was recorded June 13.

Hurd Industrial Circle LLC, managed by Richard Hurd, president and founder of Hurd Real Estate Services, paid Barker Lemar Property Management Inc. $3.3 million for property at 1801 Industrial Circle in West Des Moines, records show. The 4-acre parcel includes two buildings with a total of 27,668 square feet of office and warehouse space. The buildings were constructed in 1993. The property is valued at $2.5 million. The transaction was recorded June 13.

YBRDM22 CRE Partners LLC, located in Waterloo, paid Our Legacy Properties LLC $3.6 million for property at 756 Ninth St. in Des Moines, records show. The property includes a two-story, 37,574-square-foot building constructed in 1961. Lil Scholars Preschool and Childcare is located in the building. The property is valued at $1.1 million. The transaction was recorded June 14.

YBRDM22 CRE Partners LLC, located in Waterloo, paid Armstrong Holdings LLC $882,000 for property at 1901 N. James St. in Grimes, records show. The property includes a 6,695-square-foot building in which a child care center is located. The property is valued at $779,000. The transaction was recorded June 14.

Three investment groups paid Tuscany Village Center LC $2.35 million for property at 3881 121st St. in Urbandale, records show. The property includes a 22,463-square-foot neighborhood shopping center built in 2007. The buyers of the property include PCWDM II LLC, LKB Ventures LLC and JJR Holdings LLC. The property is valued at $2.7 million. The transaction was recorded June 14.

William Kimberley Development Corp., located in Ankeny, paid ABLN LLC $880,000 for 11 residential building lots in Northwood Plat 1 in Johnston, records show. The lots are generally north of Northwest 70th Avenue and east of Peckham Street. The transaction was recorded June 14.

Hoyt LLC, based in Coralville, paid Wade Investments LLC $750,000 for property at 610 16th St. in Des Moines as well as an adjoining vacant lot, records show. The property at 610 16th St. includes a surface parking lot. The adjacent parcel is vacant. The transaction was recorded June 15.

David Bush and Elizabeth Bush paid Hommer Farms LC $2.6 million for property in Polk City, records show. An exact address of the property was not available. The transaction was recorded June 15.

FFR Kingman LLC, located in Waukee, paid Sally Wildrick Heritage Trust $911,800 for property at 3121 Kingman Blvd. in Des Moines, records show. The property includes a three-story apartment building with 16 units. The building was constructed in 1962. The property is valued at $872,000. The transaction was recorded June 16.

Guad LLC, located in Altoona, paid Clampet Corner LLC $976,653 for property at 3215 Adventureland Drive in Altoona, records show. The property includes a 7,460-square-foot vacant building that had been occupied by a fast-food restaurant. The property is valued at $591,100. The transaction was recorded June 16.

David Massop and Kaitlin Massop paid the Cathryn Lacy Revocable Trust $1 million for property at 3833 Greenwood Drive in Des Moines, records show. The property includes a 2,911-square-foot, two-story house built in 1915. The transaction was recorded June 16.

Silver D Meadow CT LLC, located in West Des Moines, paid Wellington Plaza LLC $7.92 million for properties at 225 and 245 50th St. in West Des Moines, records show. The properties include a neighborhood shopping center constructed in 1999. The properties are valued at $5.47 million. The transaction was recorded June 16.

JDS Real Estate Investments LLC, located in Clive, paid ROW LLC $1.25 million for property at 10095 Hickman Court in Clive, records show. The property includes 15,372 square feet of office and warehouse space. The property is valued at $1.09 million. The transaction was recorded June 16.

Iowa Natural Heritage Foundation paid Kevin and Amy Kimberley $2.57 million for property near the South Skunk River in northeastern Polk County, records show. An exact location of the property was not available. The transaction was recorded June 17.

Kingdom Cares Corp., located in Des Moines, paid DRA Properties $3.1 million for property at 6095 and 6165 N.E. Industry Drive in Des Moines, records show. The property at 6095 N.E. Industry Drive includes a 30,000-square-foot warehouse constructed in 2012. The property is valued at $2.2 million. The property at 6165 N.E. Industry Drive includes 2.4 acres of semi-improved ground. The transaction was recorded June 23.

Locust Center Ltd., managed by Bruce Gerleman, paid Master Builders of Iowa Inc. $1.28 million for property at 221 Park St. in Des Moines, records show. The nearly half-acre parcel includes a two-story, 6,808-square-foot building constructed in 1968. The property is valued at $1.14 million. The transaction was recorded June 24. 

KKR LLC, located in Des Moines, paid Real Estate Holdings II LLC $1.3 million for property at 328 and 340 Grand Ave. in West Des Moines, records show. The property at 328 Grand includes an L-shaped strip shopping center constructed in 1962. The property is valued at $472,000. The property at 340 Grand includes a one-story building occupied by a fast-food restaurant. The property is valued at $297,000. The transaction was recorded June 24.

Dallas County

David and Andrea Van Steenis paid Sanjeeb and April Khatau $1.3 million for property at 4700 150th St. in Urbandale, Dallas County real estate records show. The property includes a 3,190-square-foot house built in 2014. The transaction was recorded June 13.

David Jungman-Jensen and Brandy Jensen paid Valerie Wallace Revocable Trust $1.5 million for property at 25074 323rd Place in Adel, records show. The 3-acre parcel includes a two-story brick house. The transaction was recorded June 14.

DF Farms LLC, located in Madrid, paid International Cooperating Ministries $1.18 million for 79 acres of farm ground located north of Iowa Highway 141 and east of Odesa Place, records show. The transaction was recorded June 15.

Cascade Farms LLC, located in Des Moines, paid All in Farm LLC $1.1 million for 37 acres located on the southeast corner of 250th Street and U Avenue in Dallas County, records show. The property is undeveloped. The transaction was recorded June 21.

Clayton Properties Group, doing business as Summit Homes, paid Eagle Vista LLC $1.27 million for 16 residential building lots in Adel, records show. The lots are part of the Eagle Vista development, located south of Iowa Highway 6 and east of Prospect Avenue. The transaction was recorded June 23.

Queck Capital Management LLC, located in Des Moines, paid Chayse Holdings LLC $2.6 million for 25 residential building lots in Cedar Ridge Plat 3 in West Des Moines, records show. The lots are located west of South 91st Street and south of Rockwood Lane. The transaction was recorded June 14.

Prairie Village Commons LLC, located in Sioux Falls, S.D., paid Prairie Village of Iowa LLC, also located in Sioux Falls, $1.4 million for property at 970 10th St. in Waukee, records show. The nearly 11-acre parcel is undeveloped. The Waukee Planning and Zoning Commission in May approved the site plan and final plat for a project on the property that will include 26 townhome buildings with a total of 127 townhouse units. Office space is also planned on the site. Four to six units are planned in each building, according to city documents. The units will range in size from 1,113 square feet to 1,332 square feet. The project will have 536 parking spaces that include spaces in two-car attached garages per unit. The transaction was recorded June 23.

Waukee Partnership, located in West Des Moines, paid Hope K Farms LLC $5.7 million for 76 acres in Waukee, records show. The undeveloped land is east of T Avenue between Hickman Road and University Avenue. The transaction was recorded June 24.

The real estate transactions from Polk and Dallas counties include information about transactions of $1 million or more including the sale of single-family houses as well as other transactions of interest.