NLR Apartments, WLR Freddy's Frozen Custard Highlight Seven-Digit Deals

by Arkansas Business Staff  on Monday, Jul. 9, 2018 12:00 am   1 min read

(Google Earth/Mapbox)

Apartments in North Little Rock, an eatery in west Little Rock, a distribution center in Maumelle, a former restaurant in Little Rock and two homes in Little Rock’s Robinwood neighborhood provide this week’s six-pack of multimillion-dollar real estate transactions.

► F4 Little Rock 1 LLC of Edmond, Oklahoma, purchased the 210-unit New Horizon Apartments at 4907 August Circle and the eight-unit New Haven Apartments at 1815 Broken Arrow Drive for more than $3.8 million.

Sellers: John Brian Toland; the Toland Revocable Trust, led by Jon Toland; and the Gravett Revocable Trust, led by Claudia Gravett.

► PM Little Rock LLC, an affiliate of Tradecor in Phoenix, sold the 2,627-SF Freddy’s Frozen Custard & Steakburgers at 610 Bowman Road for more than $2.4 million.

Buyer? 820 Thompson Development Co. of San Marino, California.

► Murphy Industrial LLC, an affiliate of Interstate Partners of Eden Prairie, Minnesota, acquired the 35,958-SF office-warehouse at 1201 Murphy Drive for more than $2.2 million.

Seller: Becknell Properties, an affiliate of UBS Realty Investors of Hartford, Connecticut.

► RG Joint Ventures LLC, led by Allan Roberts, sold a 7,119-SF former Dixie Cafe at 1215 Rebsamen Park Road for $1.3 million to Centennial Bank of Conway.

► The Palmer K. Hussman Lifetime Trust bought a 6,281-SF home for more than $1.4 million. The 6.6-acre spread was sold by Jennifer Schueck.

► Winston and Kristine Patterson purchased a 8,308-SF home for more than $1.1 million from Terri and Harry Erwin III.

Seven-Digit Construction

Baker Retail Center    $1,088,000
1076 Harkrider St., Conway
Corco Construction LLC, Little Rock

New Home    $1,000,000
101 Hallen Lane, Little Rock
Jadee Construction & Restoration Inc., Hot Springs



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