AABP EP Awards 728x90

NOTABLE TRANSACTIONS: Local entities buy downtown buildings from EMC for $3.25 million

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Clocktower Wolf LLC and 3101 Ingersoll LLC, located in West Des Moines and managed by Abe Wolf, paid Employers Mutual Casualty Co. $3.25 million for property at 106 S.W. Seventh St. and 113 S.W. Eighth St. in Des Moines, Polk County real estate records show. The Seventh Street property, valued at $1.47 million, includes a four-story brick building constructed in 1918. The building has been used as a warehouse. The Eighth Street property, valued at $926,000, includes a two-story building with about 25,000 square feet of space. Both parcels have a combined nearly 1.8 acres. The transaction was recorded April 27.

HRC Pleasant Hill II LLC, managed by Hubbell Realty Co., paid Highway 163 Partners LLC $725,000 for property at 920 N.E. 62nd St. in Pleasant Hill, records show. The 4.4-acre parcel is undeveloped. The transaction was recorded April 25.

Signature Real Estate Income Fund V LLC, located in Sioux Falls, S.D., paid Hope K Farms LLC $3.18 million for property located between Northeast Silkwood Street and Iowa Highway 141 (also known as Northeast Grimes Boulevard) in Grimes, records show. The nearly 32-acre parcel is zoned agricultural. The transaction was recorded April 26.

The Eric and Carol Ziel Joint Revocable Trust, based in Ankeny, paid Blacks’ 2014 LLC $1.8 million for property at 2900 S.E. Enterprise Drive in Grimes, records show. The 2.4-acre parcel includes an 18,000-square-foot warehouse constructed in 1996. The property is valued at a little over $1 million. The transaction was recorded April 27.

SRM Holdings LLC, located in Ankeny, paid DRA Properties LC $910,000 for property at 2405 S.W. Birch Drive in Ankeny, records show. The property includes a 14,531-square-foot neighborhood shopping center constructed in 2021. The transaction was recorded April 28.

Boulder Ridge Duplex LLC, located in Altoona, paid LeMar Koethe $975,000 for undeveloped property at 3495 N.E. 102nd Ave. in Ankeny, records show. The property includes nearly 65 acres of farm ground. The transaction was recorded April 29.

Alexander and Holly Keller paid LRE Investments Inc. $1 million for property at 4919 160th St. in Urbandale, Dallas County real estate records show. The property includes a 2,636-square-foot single-family house built in 2021. The transaction was recorded April 25.

Redhawk Ventures LLC, located in Urbandale, paid Cloud 9 Holdings LLC $1.1 million for property at 2723 V Ave. in Waukee, records show. The property includes 9.75 acres. A residence that had been on the property was removed earlier this year, records show. The transaction was recorded April 25.

Hamilton Ridge LLC, located in Clive, paid Phillips-Hamilton Inc. $1.5 million for property south of Ashworth Road and east of U Avenue in Waukee, records show. The property includes 6.8 acres and is classified as residential. The transaction was recorded April 29.

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.