A New York City-based real estate investment trust bought properties in West Des Moines, including Spare Time Entertainment, Dallas County real estate transactions show.

Alternate I (Multi) LLC, managed by WP Carey Paid $17.1 million to GDL Trust for the property at 340 Jordan Creek Parkway. WP Carey describes itself as “one of the largest diversified net lease REITs specializing in the acquisition of operationally critical single-tenant properties in North America and Europe.”

The 6.4-acre site includes a 46,453-square-foot building due for completion in 2021. The property is valued at $9.7 million.

Relatedly, Bowl New England Inc., which operates Spare Time Entertainment, has a long-term lease with Spare Me Multi LLC. The leases are for two 10-year terms. Entertainment venues, including bowling alleys, opened in January.

The real estate transaction was recorded on August 15.

Among other transactions:

Iowa Trust & Savings Bank KG Store 156 LLC paid $1.6 million, managed by Kum & Go 15551 Clive Hickman Road, the record is displayed. The property includes 2.28 acres of undeveloped land. Iowa Trust and Savings Bank has a branch at 12035 Clive University Avenue. The transaction was recorded on August 16.

This Karyl J. Weiland Living Trust Records show Paramount Destination Homes Inc. paid $1.38 million for the property at 32571 Westwood Lane, Adel. The property includes a single-family home on 3.3 acres. The transaction was recorded on August 16.

PRKG 2357 LLC, Managed by Jordan Creek Capital Resources Inc. of West Des Moines, paid $1.43 million to Earl and Ardis Anderson Trust 57.4 acres of undeveloped land South of Van Meet, records show. Specifically, the property is located north of 360th Street, roughly between R Avenue and Richland Road. The transaction was recorded on August 18.

Ashley Acres LLC, Located in Urbandale, paid Temple Holdings LP approximately $963,600 31 acres generally located in Records show north of NW Douglas Avenue and east of North 10th Street in Waukee. The Waukee Planning and Zoning Commission approved preliminary and final floor plans and site plans for the development of the villa-style townhouse subdivision in early August. According to a city document, 76 detached townhouses (above) are planned, ranging in size from 1,500 to 2,000 square feet. These units without basements will be owner-occupied.

Polk County
Salvation Army pays $1.75 million for Clive office property

This Salvation Army, In Hoffman Estates, Illinois, Polk County real estate records show that nearly $1.75 million was paid to the Kim Ruetter Trust and Kim Rueter Co. for the property at 1400 NW 100th St. in Clive. The 2-acre site includes a 13,621-square-foot, single-story office building built in 1989. The property is valued at $1.59 million. The transaction was recorded on August 15.

Max Properties LLC, Polk-based ReMax paid University LLC $2.9 million for the property at 6600 University Avenue in Windsor Heights, records show. The property includes a two-story, 23,212-square-foot office building built in 2003. The property is valued at $3.1 million. The transaction was recorded on August 15.

Onespeed DSM LLC, Waterloo-based Earl Crouch paid $1.77 million for the property at 303 Scott Avenue in Des Moines (pictured), records show. The property includes a 9,207-square-foot, single-story structure built in 1975. Earl’s Tire Pros occupy the building. The property is valued at $405,000. The transaction was recorded on August 15.

PRKG 2200 LLC, Managed by Jordan Creek Capital Resources Inc. of West Des Moines, paid Heidi Fatland $1.18 million 39 acres of farmland Records show it is located northeast of Bondurant. Specifically, the property is located east of Northeast Morgan Avenue and about a quarter of a mile south of Northeast San Diego Avenue. The transaction was recorded on August 15.

Zoya Voronovich and Kay Larsen He paid the Marylou Tyler Revocable Trust $1.2 million for the property at 2814 Forest Avenue in Des Moines, records show. The 1-acre lot includes a 2,119-square-foot, two-story home built in 1905 and renovated in 2011. The transaction was recorded on August 15.

6450 LLC and Harc LLC AE Farms Inc. paid AE Farms Inc. $3.7 million for the property at 2100 Des Moines Avenue in Des Moines, records show. The 4.5-acre lot includes an 88,188-square-foot warehouse built in 1956. The property is valued at $2.8 million. The transaction was recorded on August 16.

CF KL Assets 2019 2 LLC Gold Star Villas and Townhomes LLC paid more than $1 million for properties at 6916, 6920, 6924 and 6928 Holly Court in Johnston, records show. Properties include townhouses. The transaction was recorded on August 18.

Flip Properties LLC, The Mount Juliet, Tennessee-based company paid FRG Des Moines LLC $9.5 million for properties at 3104 University Avenue and 1134 31st Street in Des Moines, records show. The property includes a Kum & Go convenience store and fuel pump. The transaction was recorded on August 18.

Natalie Lamarck A $2.7 million property was paid to Ryan and Holly Smidt at 1738 S. 40th Court in West Des Moines, records show. The property includes a 5,336-square-foot two-story home built in 2017. The transaction was recorded on August 18.

Pentagon Partnership LLC, West Des Moines-based Resco Rural Electric Supply Coop paid $2.1 million for the property at 933 SE Shurfine Drive in Ankeny, records show. The property includes a 21,000 square foot warehouse built in 1996. The property is valued at $1.2 million. The transaction was recorded on August 18.

Berkshire Properties LLC, The company, based in Clive, paid Stacey and David Lyman $3 million for the property at 2300 Des Moines Avenue in Des Moines, records show. The property includes a 78,962-square-foot building that includes office and warehouse space. The building was built in 1965. The property is valued at $2.88 million. The transaction was recorded on August 19.

Cass Bay LLC and Oakwood Partners LLC Best Properties and Bestland Commercial Plat No 2 LC paid $2.8 million for the property at 4630 86th St. in Urbandale, records show. The property includes a community mall of over 17,800 square feet. The center was built in 2000. The property is valued at $2.85 million. The transaction was recorded on August 19.

Steven Brau Revocable Trust and Susan Brau Revocable Trust Records show that $1.2 million was paid to Brenner Built LLC for the property at 6012 NE Briarwood Drive in Ankeny. The property includes a 2,316-square-foot home that will be completed in 2022. The transaction was recorded on August 19.