Recent real estate transactions across Polk and Dallas Counties show significant investment activity in both commercial and residential properties. Transactions recorded between December 8 and December 11 indicate a combined investment of over $23.8 million, according to county records.
Commercial Investments
A consortium of companies – Lainson Properties LLC of West Des Moines, Bose Properties LLC, Redi Group LLC, T&G Manning Holdings LLC, Treibel Holdings LLC, and Aaron Kay – collectively acquired a 62.5% interest in properties within the Northpark Town Center Condominium, Northpark Business Centre, and Frampton Plaza plats in Urbandale for $8.6 million. These properties include condominiums located at 9101, 9131, 9161, 9201, and 9241 Northpark Drive, as well as 5404 and 5504 NW 88th St.
University Equity Group LLC, based in Des Moines, purchased a two-story building at 2825 E. University Ave. in Des Moines for $1.1 million. The 9,352-square-foot building, constructed in 1988, features retail space on the ground floor and offices above, and is currently valued at $477,000.
In Ankeny, 206-214 NW College Ave LLC, located in San Clemente, California, acquired two apartment buildings at 206 and 210 NW College Ave. for $1.1 million. Each building contains eight units and was constructed in the mid-1960s, with each property valued at $514,000.
TTLC Cooperative Housing, of Marshalltown, invested $1.3 million in an Ankeny apartment building located at 310 NW Chapel Drive. The two-story building contains 16 units and was built in 1972, and is currently valued at $1.1 million.
Residential Sales
Meredith and Austin Hedstrom purchased a newly constructed, one-story home at 5808 NE Sherman Court in Ankeny for just over $1 million. The home contains 2,096 square feet.
Derrick Young acquired a newly constructed, two-story home at 4644 176th Court in Urbandale for $1.3 million. The property spans 2,975 square feet and sits on a 1.29-acre parcel.
BNP Trust and PNB Trust invested $2.5 million in a newly constructed, one-story home at 18252 Valleyview Circle in Clive. The property encompasses 3,434 square feet.
In Booneville, CMMMC LLC purchased a 3.5-acre parcel with a 7,812-square-foot metal warehouse, built in 2025, at 28767 360th St. for just over $1 million. The property is valued at $719,600.
Dallas County Farmland
Timothy Forret purchased farmland in western Dallas County for $4.1 million. The land is located north of Bear Creek Road and east of El Paso Way, approximately 3 miles south of Redfield.
Frequently Asked Questions
What types of properties were involved in these transactions?
The transactions included a mix of commercial properties – business center condominiums, retail/office buildings, and apartment buildings – as well as residential properties, including newly constructed homes and farmland.
Which county saw the highest total investment?
Polk County saw the highest total investment, with transactions totaling over $15.3 million.
When were these transactions recorded?
The transactions were recorded between December 8 and December 11.
How might these recent real estate investments impact the local economy?
