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Collision Center Buy Tops $2.5 Million (Real Deals)

5 min read

The Landers Collision Center in west Little Rock weighed in at $2.57 million.

LLArk Properties LLC of St. Louis Park, Minnesota, purchased the 40,000-SF facility at 10005 Col. Glenn Road from Aimco Equipment Co. LLC, led by Frank, Herren and Todd Hickingbotham.

Aimco acquired the 3.93-acre development for $1 million in June 2000 from Riverport Equipment & Distribution Co., led by Larry Hodges.

Suites Sale
A 48-room motel in North Little Rock changed hands in a $2.21 million transaction.

Prestige Hospitality LLC, led by Nirav Patel, bought the Comfort Inn & Suites at 5710 Pritchard Drive. The seller is PNN LLC, led by Nayan Nagin.

The deal is backed with a $1.98 million loan from Bancorp Bank of Wilmington, Delaware.

The 2.7-acre development previously was tied to an August 2012 mortgage of $1.2 million held by First Security Bank of Searcy.

The location was purchased for $180,000 in September 1998 from FSC Properties LLC, led by Will Pritchard.

Mini Transaction
A 358-unit mini-storage project in Cabot tipped the scales at $1.6 million.

Tabot LLC, led by Terry Bean, acquired the 3210 E. Cleland Road project. The seller is D&S Mini Storage LLC, led by Donald and Sharon Wood.

The deal and expansion of the 4.8-acre development are financed with a five-year loan of $2.3 million from Little Rock’s Bank of the Ozarks.

The land was acquired for $50,000 in April 1998 from W.B. and Freda Westbrook.

Tabot also bought a 1.4-acre parcel across the street for $130,000 from First Community Bank of Batesville.

The bank recovered the property, which was tied to $220,000 of debt, in January 2016 from Kenneth and Cindy Flesher in the aftermath of their bankruptcy.

Acupoint Purchase
An 11,524-SF office building in midtown Little Rock sold for $575,000.

Acupoint Enterprises LLC, led by Martin Eisele, bought the Evergreen Professional Building at 2 Van Circle. The seller is R.T.R.A. LLC, led by Ron Lazenby.

The 0.79-acre development previously was tied to a May 2011 mortgage of $700,000 held by BancorpSouth Bank of Tupelo, Mississippi.

The project was purchased for $850,000 in May 2008 from William and Deborah Goolsby.

Industrial Deal
A 22,910-SF warehouse facility in downtown Little Rock rang up a $513,000 transaction.

Haybar Properties LLC, led by Bryan Hosto, acquired the Joint Clutch & Gear project at 813 Spring St. from the James H. Stevens Trust and the Ellen S. Baldwin Trust.

The 0.73-acre property was assembled in three deals totaling $89,000. The sellers were Emmet Morris, $9,000 in July 1945; Sophia Lewandoski, $25,000 in April 1957; and James and Mary Jane Madigan, $55,000 in December 1959.

Historic Acquisition
A 4,296-SF historic building in downtown North Little Rock is under new ownership after a $430,000 sale.

Regal Beagle Holdings LLC, led by Allen Engstrom, purchased the 216 W. Fourth St. project to support the expansion of the CFO Network. The seller is the city of North Little Rock.

The 0.51-acre development is helping secure a 25-year loan of $1.7 million from Regions Bank of Birmingham, Alabama.

The city acquired the property for $12,650 in August 1943 from Alma Manees.

Collegiate Acreage
A 140-acre tract in southwest Little Rock drew a $250,000 transaction.

Ridgewood Timber Corp., led by Derrick Spinks, bought the land at the southwest corner of Geyer Springs and Mabelvale Cut Off roads from Hendrix College in Conway.

The deal is funded with a one-year loan of $250,000 from First Community Bank.

H.F. Buhler donated the property to Hendrix in November 1961.

Union Hall Buy
A 2,880-SF union hall in downtown Little Rock changed hands in a $112,000 deal.

Haybar Properties LLC acquired the 0.16-acre development at 415 W. 12th St. from Sheet Metal Workers Local 36 Building Co. of St. Louis.

The property was bought for $30,000 in July 1970 from the Geyer Springs Congregation of Jehovah’s Witnesses.

Fontenay Manor
A 5,591-SF home in the Fontenay Circle neighborhood of west Little Rock’s Chenal Valley development sold for $900,000.

Steven and Melinda Spaulding purchased the house from the Brian Douglas Noland & Ann McKenzie Noland Revocable Trust.

The deal is backed with a 30-year loan of $417,000 from Simmons Bank of Pine Bluff. The residence previously was linked with a July 2012 mortgage of $340,000 held by First Security Bank.

The Nolands acquired the property for $730,000 more than four years ago from Stephen and Ashley Peeples.

Overlook Transaction
A 5,397-SF home in Little Rock’s Overlook Park neighborhood rang up an $843,400 transaction.

Randall and Leisa Pulliam bought the house and an adjoining lot from L.A. Kinnaman Jr. and his wife, Margaret.

The deal is financed with a 15-year loan of $417,000 from One Bank & Trust of Little Rock.

The homesite was acquired for $120,000 in April 1996 from Peggy Messer. The neighboring lot was purchased for $100,000 in June 1998 from Edgar Hoffman Jr. and his wife, Barbara.

Heights House
A 3,085-SF home in the Heights area of Little Rock is under new ownership after a $660,000 sale.

Vanessa Weiss and Paul Donagher acquired the house from Andrew Mentzer Sr. and his wife, Katherine.

The deal is funded with a 30-year loan of $528,000 from Capital One of McLean, Virginia.

The property was bought for $250,000 in September 2006 from John and Sara Brennan.

Deauville Abode
A 5,078-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development drew a $590,000 transaction.

The David Matthew West Revocable Trust and the Ashley Fuller West Revocable Trust purchased the house from Srinivasan Ramaswamy and Roopa Ram.

The deal is backed a one-year loan of $623,417 from Simmons Bank.

The residence previously was tied to September 2012 mortgages of $417,000 and $89,100 held by Metropolitan National Bank of Little Rock.

The property was acquired for $633,000 more than four years ago from Chad and Lacy Matone.

Witry Residence
A 4,795-SF home in the Witry Court neighborhood of west Little Rock’s Chenal Valley development changed hands in a $535,000 sale.

Adam and Courtney Head bought the house from the Angela R. Aduddell Living Trust.

The deal is financed with a 30-year loan of $417,000 from First Arkansas Financial Inc. of Sheridan. The residence previously was linked to August 2012 mortgages of $417,000 and $100,500 held by Metropolitan National Bank.

The property was purchased for $575,000 more than four years ago from Mark and Susan Freeman.

Seven-Digit Construction

Mixed-Use Redevelopment    $7,000,000
1300 E. Sixth St., Little Rock
Central Construction Group, Little Rock
 
Fletcher Library Renovation & Addition    $2,700,000
823 N. Buchanan St., Little Rock
Baldwin & Shell Construction Co., Little Rock

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