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NOTABLE TRANSACTIONS: Native Real Estate sells property next to Southridge

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The Raymond O’Connor Revocable Living Trust and Jennifer O’Connor Revocable Trust paid Native Real Estate LLC $4.9 million for property at 1113 E. Army Post Road and 1107 E. Army Post Road, Polk County real estate records show. The nearly 1-acre property at 1113 E. Army Post Road includes a convenience store and gas pumps operated by Hy-Vee. The property, developed in 2004, is valued at just over $1 million. The 5.2-acre parcel at 1107 E. Army Post Road includes a 64,004-square-foot, one-story building occupied by a Hy-Vee grocery store. The property, developed in 1985, is valued at $6.1 million. Native Real Estate acquired the properties and others surrounding Southridge Plaza in December 2024. The latest transaction was recorded Feb. 19.

In other transactions:

The Thomas Juckette Marital Trust, located in Cumming, paid Newblood Development LLC $1.3 million for property at 12802 Meredith Drive and 4500 128th St. in Urbandale, records show. The properties, which are adjacent to each other, both include 1.1 acres of vacant land. The transaction was recorded Feb. 18.

Meric Investments LLC, located in Clive, paid Hills of Green Investments LLC $2.5 million for property at 810 Payton Ave. in Des Moines, records show. The 2.3-acre parcel includes a 54-unit apartment complex that was developed in early 1973. The complex is locally known as Southern Park Apartments. The property is valued at $3.2 million. The transaction was recorded Feb. 18.

Dallas County

DR Horton Iowa LLC, located in Ankeny, paid Mallard Group LLC $1.2 million for 14 residential building lots in Mallard Prairie Plat 4 at 173rd Street and Sharon Drive in Urbandale, Dallas County real estate records show. The transaction was recorded Feb. 18.

KRM Development LLC, located in Urbandale, paid Bentley Ridge LLC $1.3 million for 20 residential building lots in Bentley Ridge Townhomes Plat 1 in Urbandale, records show. The plat is at the southwest corner of Waterford Road and 170th Street. The transaction was recorded Feb. 17.

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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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