An entity associated with Charter School Finance & Development in Schaumburg, Ill., has acquired property at 4801 Franklin Ave., which once was a junior high school and later a church, Polk County real estate records show.
New Plan Learning, doing business as 4801 Des Moines LLC, paid Iowa Trust & Savings Bank $3.3 million for the 12-acre site that includes the former Franklin Junior High School that was open between 1951 and 1979. New Plan Learning acquired the property from Iowa Trust & Savings Bank.
The property, which at one time was home to First Federated Church, had been owned by developer Jeff Young, a local developer who in 2020 pleaded guilty to fraud charges related to underreporting the amount he paid for several automobiles. Young redeveloped the property, which now includes Horizon Science Academy and offices for several nonprofit groups and the Franklin Events Center…