Office 2022 Top Deals

$15.7 million
West Des Moines

MCR Investments X LLC, located in West Des Moines, paid MRES West Glen Holdings LP  $15.7 million for the four-story Promenade office building at 5550 Wild Rose Lane. The purchase included a nearby parking garage. The property is part of West Glen, a mixed-use development created in 2003. The property in 2021 was valued at $9.3 million. The transaction was recorded May 4.

$11.5 million  |  Clive

Terveen Manufactured Homes LLC, located in Harrisburg, S.D., paid a group of investors $11.5 million for property at 1275 N.W. 128th St. The 5.3-acre parcel includes a two-story office building constructed in 2003. In 2021, the property was valued at $9.4 million. Sellers were Galloway Holdings LLC, TBJ LLC, Moon4Win LLC, Fade Group LLC and Beth Capital LLC. The transaction was recorded May 19.

$10.8 million  |  Urbandale

NPJTC LLC and Lainson Properties 10301 LLC paid Johnston Town Center LLC $10.8 million for a 61.75% interest in the Offices at Northpark, which includes five one-story buildings at 9101 to 9257 Northpark Drive. The property in 2021 was valued at $1.4 million. The transaction was recorded Nov. 18. 

$7.1 million  |  Des Moines

Tucker Building LLC paid 301 Grand LC $7.1 million for property at 301 Grand Ave. The property includes a three-story brick building constructed in 1916. The property in 2021 was valued at $2.6 million. The transaction was recorded April 13, 2022.

$6.3 million  |  Des Moines

William C. Knapp LC, based in West Des Moines, paid Nelson Development LLC $6.3 million for property at 4020 Merle Hay Road. The 1.4-acre parcel includes a 12,987-square-foot medical office building constructed in 2009. The property in 2021 was valued at $2.8 million. The transaction was recorded March 28, 2022.

$5.4 million  |  Des Moines

VGM Group Inc., located in Waterloo, paid Woodward Communications Inc. $5.4 million for property at 106. E. Sixth St. The property includes a 49,851-square-foot building constructed in 1970. In 2021, the property was valued at $2.7 million. The transaction was recorded April 11, 2022.

$4.9 million  |  Urbandale

MD5 Urbandale LLC, located in Cedar Rapids, paid Hurd Real Estate Services Inc. $4.9 million for property at 10740 Aurora Ave. The 2-acre parcel includes a 10,608-square-foot building constructed in 1996. The property in 2021 was valued at just over $1 million. The transaction was recorded Jan. 31, 2022.

$4.3 million  |  Johnston

NPJTC LLC and Lainson Properties 10301 LLC paid Johnston Town Center LLC $4.3 million for property at 5404 N.W. 88th St. The property includes a 7,986-square-foot office building constructed in 2001. The property in 2021 was valued at $909,000. The transaction was recorded Nov. 18.

$3.4 million  |  West Des Moines

Plaza II Property LLC, located in West Des Moines, paid Jordan Creek Crossing LLC $3.4 million for property at 160 S. 68th St. The acquisition included the purchase of three condominium units. The transaction was recorded Aug. 26.

$3.1 million  |  Des Moines

Hubbell Financial LLC, an entity affiliated with Stern Properties LLC in New York, paid Hubbell Realty Co. $3.1 million for property at 904 Walnut St. The downtown property includes the 10-story Hubbell building, constructed in 1913 and considered one of Des Moines’ first skyscrapers. The property was valued at just over $2 million in 2021. The transaction was recorded Feb. 17, 2022.

Source: Polk and Dallas county assessors’ offices