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NOTABLE TRANSACTIONS: Flux Apartments sold for $12.7 million 

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Ownership of the Flux Apartments in downtown Des Moines has changed hands.

Rittenhouse Square LLC, located in Columbia, Mo., acquired the property at 1400 Walnut St. for $12.7 million, Polk County real estate records show. The multifamily property had been owned by 2B Residential, a division of Balke Brown Transwestern, a commercial real estate brokerage, property management and development company located in St. Louis.

The 90-unit, five-story apartment building was constructed in 2017 and 2018. It includes underground parking. The project was developed by Roers Co., based in Minnetonka, Minn.

The property is valued at $14.5 million. The transaction was recorded Jan. 29.

In other transactions:

Ankeny Boulevard LLC, located in Ankeny, paid Nona Zelcer $1.1 million for property at 423 S. Ankeny Blvd., records show. The property includes a one-story, 13,297-square-foot building constructed in 1970. The property is valued at $777,400. The transaction was recorded Jan. 26.

AutoZone Development LLC, based in Memphis, Tenn., paid Rider Corner Development LLC $1.8 million for property at 10950 Plum Drive in Urbandale, records show. The 4-acre parcel is undeveloped. The transaction was recorded Jan. 28.

HD Investments Group LLC, located in Clive, paid Nguyen Property LLC just over $1 million for properties at 4779 and 4809 NW 62nd Ave. in Johnston, records show. Each parcel includes a two-story, seven-unit apartment building constructed in 1967. Each property is also valued at $524,000. The transaction was recorded Jan. 29.

NNN REIT LP, located in Orlando, Fla., paid YBRDM22 CRE Partners LLC $4.2 million for property at 756 Ninth St. in downtown Des Moines, records show. The property includes a two-story, 37,574-square-foot building that was constructed in 1961. A preschool and child care center are located in the building. The property is valued at $2.7 million. The transaction was recorded Jan. 30.

Dallas County

The Fox Family 2017 Trust paid Dean and Caitlyn Shivvers just over $1 million for property at 34968 Vintage Trail in Waukee, Dallas County real estate records show. The 1.7-acre parcel includes a 2,188-square-foot house built in 2005. The transaction was recorded Jan. 27.

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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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