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NOTABLE TRANSACTIONS: Local group buys downtown Des Moines building for $2.9 million

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Oakwood Investments LLC, based in West Des Moines, paid Nationwide Mutual Insurance Co. $2.94 million for property at 1300 Walnut St. in Des Moines, Polk County records show. The property includes a two-story, 22,800-square-foot office building that was constructed in 1995. Nationwide purchased the property in 2011 for $3 million. Oakwood Investments is managed by Troy Krueger, founder of Professional Project Partners Inc., a firm that provides recruiting and staffing services in the area of information technology. The property is valued at $2.1 million. The transaction was recorded Nov. 12.

In other Polk County real estate transactions:

The Eric and Carol Ziel Joint Revocable Trust paid Holland Ag LLC $1 million for property at 1063 Dennler Drive in Alleman, records show. The property includes about 0.7 acres of undeveloped ground. The transaction was recorded Nov. 9.

Tanam InRoads LLC, based in Des Moines, paid D&M Partners LLC $3.1 million for property at 4761 N.E. 20th Lane in Saylor Township, records show. The 3.6-acre parcel includes a 36,000-square-foot warehouse constructed in 2020. The property is valued at $2.8 million. The transaction was recorded Nov. 9.

Glenstone Developers LLC, located in Clive, paid Polk County Land Co. LC $3.12 million for property located on the northwest corner of Northwest 100th Street and Southeast 37th Street in Grimes, records show. The undeveloped 30-acre parcel is zoned as a commercial district. The transaction was recorded Nov. 9.

K&J Properties LLC paid Reach Church Inc., formally known as First Assembly of God Church, $5.5 million for property at 9300 Northpark Drive in Urbandale, records show. K&J Properties is managed by Kara and John Tentinger of Urbandale. The undeveloped property includes 25 acres. The transaction was recorded Nov. 10.

David and Leticia Gordon paid the Stanley Richards Marital Trust $1.1 million for a condominium unit located at 3920 Grand Ave. in Des Moines, records show. The property is valued at $1 million. The transaction was recorded Nov. 10.

CLH D.M. LLC, based in Urbana, Iowa, paid DG Euclid LLC $1 million for property at 2515 E. Euclid Ave. in Des Moines, records show. The property includes a 4,428-square-foot retail building constructed in 2018. The property is valued at $946,000. The transaction was recorded Nov. 12.

Dallas County

Black & Gold Trust paid the Joseph Hinke Revocable Trust and Angela Hinke Revocable Trust $1.9 million for property at 32218 Deer Trail in Adel, Dallas County records show. The 4,837-square-foot single-family house was constructed in 2016. The transaction was recorded Nov. 10.

Granger MHP Inc., 
located in Houston, Texas, paid Granger Mobile Home Park LLC $425,000 for property at 2205 Court St. in Granger, records show. The property includes 25 spaces for mobile homes. The property is valued at $240,260. The transaction was recorded Nov. 10.

Boone apartments sold to Minnesota group for $6.7 million
Minnesota-based RST Holdings VI Boone LLC paid Norris Properties LLC $6.75 million for  properties in Boone, records show. The 131 units are located at 1221 S. Linn. St., 115-125 First St., 127-129 Greene St., 608 Greene St., 709-737 Sixth St. and 2115 Mamie Eisenhower St. The seller was represented by CBRE |Hubbell Commercial brokers Ryan Jensen, CCIM and David Eckley.