RETAIL TOP DEALS OF 2021

$31 million
West Des Moines

SJ Terveen LLC, located in Sioux Falls, S.D., paid entities managed by developer Richard Hurd $31 million for properties at 180, 200 and 320 S. Jordan Creek Parkway in West Des Moines. The shopping center, known as the Plaza at Jordan Creek, includes retailers Dick’s Sporting Goods, Nordstrom Rack, Home Goods, Mattress Firm, Hobby Lobby and Security National Bank of Iowa. The nearly 20 acres were developed between 2013 and 2019 by Hurd. The transaction occurred Aug. 2, 2021.

$24.4 million
Altoona
Festival Fun Parks LLC, managed by Pennsylvania-based Palace Entertainment, paid Adventure Lands of America Inc. $24.4 million for property in Altoona that includes Adventureland Park and Resort. The transaction occurred Dec. 20, 2021.

$21.6 million
Clive
HCII-12493 University Avenue LLC, managed by Florida-based Sila Realty Trust, paid Clive Wellness Campus Building One LLC $21.6 million for property at 12493 University Ave. in Clive. MercyOne Clive Physical Medicine and Rehabilitation is located in the two-story facility. The transaction occurred Dec. 8, 2021.

$19.2 million
Ankeny
Hurd Industrial SPE LLC paid LHV Ankeny LL $19.2 million for property at 1710 S.W. Oralabor Road in Ankeny. The property includes a 95,000-square-foot Hy-Vee grocery store. Hurd Industrial is managed by Richard Hurd, president of Hurd Real Estate, located in West Des Moines; LHV Ankeny LL is managed by a New York-based real estate investment trust. The transaction occurred Aug. 24, 2021.  

$10.5 million
West Des Moines 
ExchangeRight Real Estate LLC, located in Pasadena, Calif., paid South Dakota-based SJ Terveen LLC $10.5 million for property at 180 S. Jordan Creek Parkway in West Des Moines. Hobby Lobby craft and supply store is located on the site. The transaction occurred Nov. 17, 2021.

$7.7 million
Urbandale
KGUrban LLC, based in Coralville, paid CAPO Holdings LLC $7.7 million for property at 11989 Hickman Road in Urbandale. The 2.3-acre parcel includes a 4,995-square-foot Kum & Go convenience store with fuel pumps. The transaction occurred Sept. 29, 2021.

$7.5 million
Ankeny
Hurd Johnston LLC paid Dallas-based Spirit SPE Portfolio 2012-4 LLC $7.5 million for property at 921 S.E. Oralabor Road in Ankeny. The 5.7-acre parcel property includes a 49,677-square-foot retail store built in 2003 that is occupied by Sportman’s Warehouse. Hurd Johnston is managed by Hurd Real Estate Services Inc. in West Des Moines. The transaction occurred Jan. 7, 2021.

$6.4 million
Waukee
Minnesota-based RAN Properties LLC paid Iowa Property Partners LLC $6.4 million for property at 3277 Ute Ave. in Waukee that includes nearly 22 acres and a 34,168-square-foot building that housed an auto service center. The transaction occurred Jan. 6, 2021.  

$6 million
Des Moines
QuikTrip Corp., located in Mission, Kan., paid ABR Properties LLC $6 million for property at 2428 Hubbell Ave., 2426 Hubbell Ave, and 2401 Easton Blvd. in Des Moines. The transaction occurred Sept. 9, 2021.  

$5.8 million
West Des Moines
Genesis Health Clubs Mills Civic LLC, based in Kansas, paid Store Master Funding XIII LLC $5.8 million for property at 4875 Mills Civic Parkway in West Des Moines. The property includes a two-story brick building that houses the Prairie Life Fitness Center. The transaction occurred Feb. 26, 2021.

Source: Polk and Dallas county assessors’ offices