Hubbell Realty Co. has sold four Grimes warehouses to out-of-state entities for $28.25 million, Polk County real estate records show.

The entities that bought the properties are BTG Iowa LLC, managed by Kansas City-based Burlington Associates LLC, and TPRF V/Grimes LLC, managed by Thackeray Partners, a Dallas-based real estate investment firm. TPRF V/Grimes has an 85% interest in each of the properties and BTG Iowa a 15% interest, real estate records show. 

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