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St. Vincent West Attracts $14.1 Million Transaction (Real Deals)

4 min read

A 45,952-SF St. Vincent West medical office building in west Little Rock tipped the scales at $14.1 million.

DOC-16221 St. Vincent Way MOB LLC, an affiliate of Physicians Realty Trust of Milwaukee, bought the project at 16221 St. Vincent Way from St. Vincent Infirmary Medical Center.

The 4.22-acre site was purchased in December 2009 as part of a $4 million transaction with Deltic Timber Corp. of El Dorado.

Commercial Sale

An 82,474-SF office-warehouse project in North Little Rock weighed in at $2.2 million.

NL Ventures X East 13th Street LLC of Austin, Texas, acquired the 400 E. 13th St. project from Cedar Creek LLC, an affiliate of Cedar Creek Wholesale of Broken Bow, Okla.

The property was bought for $1.1 million in May 2011 from the Newman Family LLC, led by Dwain Newman.

AutoZone Acquisition

A 5,400-SF AutoZone in Little Rock changed hands in a $1.01 million sale.

401 (K) LLC of Newport Beach, California, purchased the 515 E. Roosevelt Road project from AZH Roosevelt LLC, led by Kevin Huchingson, and Scott Proctor.

The deal is financed with a seven-year loan of $1.5 million from Talmer Bank & Trust of Troy, Michigan.

The 0.6-acre development previously helped secure an April 2016 mortgage of $2.2 million held by Arvest Bank of Fayetteville. The location was acquired for $135,000 in April 2003 from Baird Inc., led by John Schlereth.

Office Buy I

A 5,125-SF office building in Little Rock is under new ownership after a $400,000 deal. Goodwitch Properties LLC, led by Chad Millard, bought the 2121 Watt St. project.

The seller is 100 Queensway LLC, led by Justin Muller.

The 0.34-acre development previously was tied to a February 2014 mortgage of $340,000 held by Simmons Bank of Pine Bluff.

100 Queensway purchased the property for $400,000 in October 2011 from Farmers Bank & Trust of Magnolia.

Office Buy II

A 2,300-SF office building in west Little Rock rang up a $220,000 sale.

Thomas and Lori Schneider acquired the Hanger Prosthetics & Orthotics project at 10014 W. Markham St.

The deal is funded with a seven-year loan of $176,000 from Simmons Bank.

The seller is 10014 W. Markham St. LLC, led by Lee Stephens.

The 0.3-acre development previously was linked with an April 2016 mortgage of $163,780 held by One Bank & Trust of Little Rock.

The property was bought for $160,000 five months ago from Solomon Enterprises Inc., led by Barry Solomon.

Pharmacy Transaction

A 3,200-SF retail project in Little Rock drew a $175,000 transaction.

CAEB Properties LLC, led by Charlie Turner, purchased the Arch Street Pharmacy at 11200 Arch Street Pike. The seller is MAM Enterprises Inc., led by Mark McMurry.

The deal is backed with a five-year loan of $270,000 from Peoples Bank of Sheridan.

The 0.92-acre development previously helped secure a February 2012 mortgage of $630,000 held by Metropolitan National Bank of Little Rock.

MAM Enterprises acquired the property for $255,000 in April 2001 from Robert Cotton and his wife, Kristine.

Estates Purchase

A 6,845-SF home in The Estates neighborhood of west Little Rock’s Chenal Valley development sold for $923,000.

The Kimberlyn W. Binkley Trust bought the house from Scott and Erin Schoen. The deal is financed with a 15-year loan of $738,400 from Arvest Bank.

The Schoens purchased the property for $842,000 in July 2001 from the namesake trust of Raymond and Linda Skelton.

Woodland’s Abode I

A 4,397-SF home in the Woodland’s Edge neighborhood of west Little Rock changed hands in an $875,384 deal.

Joey and Leslie Wiggins acquired the house from Chenal Valley Construction Inc., led by James Miles.

The deal is funded with a 30-year loan of $696,000 from Arkansas Federal Credit Union of Jacksonville. The residence previously was tied to a September 2015 mortgage of $552,000 held by BancorpSouth Bank of Tupelo, Mississippi.

The location was bought for $160,000 in April 2015 from Kenneth Meachum.

Heights Home

A 3,399-SF home in the Heights neighborhood of Little Rock is under new ownership after a $795,000 sale.

John and Nena Busby purchased the house from the Rhodes Family Revocable Trust, led by Noah Rhodes Jr.

The deal is backed with a 30-year loan of $636,000 from Simmons Bank. The residence previously was linked with a June 2014 mortgage of $500,000 held by BancorpSouth Bank.

The property was acquired for $700,000 more than two years ago from the Diane Davenport Wilder Living Trust.

Cypress Point House

A 5,020-SF home in west Little Rock’s Cypress Point neighborhood rang up a $629,000 deal.

Derek Stafford bought the house from Rob Herndon III and his wife, Tami.

The deal is financed with 30-year loans of $417,000 and $86,200 from Bank of Little Rock Mortgage Corp.

The Herndons purchased the property for $630,000 in April 2007 from Robert and Angela Belk.

Millers Residence

A 3,500-SF home in Sherwood’s Millers Pointe neighborhood drew a $550,000 transaction.

Randy and Betty Ort acquired the house from E-Co Residential Builders Inc., led by Jerry Ester.

The deal is funded with a 13-year loan of $392,000 from Regions Bank of Birmingham, Alabama. The residence previously was tied to a September 2015 mortgage of $401,710 held by Little Rock’s Bank of the Ozarks.

The location was bought for $80,000 a year ago from the Carol Ann Davis Trust No. 1.

Woodland’s Abode II

A 4,337-SF home in the Woodland’s Edge neighborhood of west Little Rock sold for $534,000.

Josh and Sydney Smith purchased the house from Mark and Brooke Sumby. The deal is backed with a 10-year loan of $544,680 from Simmons Bank.

The residence previously was linked with an August 2014 mortgage of $392,000 held by IberiaBank Mortgage Co. of Little Rock.

The Sumbys acquired the property for $490,000 more than two years ago from The Wilson Co., led by Janet Dillon.

Marabel House

A 3,675-SF home in the Marabel Court neighborhood of west Little Rock’s Chenal Valley development changed hands in a $519,000 deal.

Albert and Debra Zimmerebner bought the house from J. Martin Homes Inc. of Bryant.

The residence previously was tied to a December 2015 mortgage of $404,000 held by Arvest Bank.

The site was purchased for $82,000 nine months ago from Deltic Timber.


Multimillion-Dollar Construction

Pinnacle View Middle School    $34,332,724
5701 Ranch Drive, Little Rock
Baldwin & Shell Construction Co., Little Rock

Stribling Equipment    $5,300,000
10600 Interstate 30, Little Rock
Peoples Construction Corp., Flowood, Mississippi

Cornerstone Clinic    $4,898,690
9500 Baptist Health Drive, Little Rock
Bailey Construction & Consulting LLC, Little Rock

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