Jacksonville Apartments Add Up to $4.7M Sale (Real Deals)

by George Waldon  on Monday, Dec. 17, 2012 12:00 am  

Royal Chalet Apartments, Jacksonville.  (Photo by Jason Burt)

The 5.5-acre Chenal Commons development at 12801 Chenal Parkway previously was tied to February 2005 loans totaling $9.1 million from Bear Stearns Commercial Mortgage Inc. of New York.

The project was bought for $12.25 million in November 2004 from Chenal Retail Inc., owned by the Arkansas Public Employees Retirement System.

Ownership was redistributed among a group of investors spread across the nation in deals totaling more than $13 million. APERS purchased Chenal Commons for $10.6 million in October 2000 from Chenal Commons Ltd. of Houston.

Multimillion-Dollar Construction

Fountaine Bleau Phase 3    $10,250,000
10621 Paul Eells Drive, North Little Rock
Burkhalter Technologies
North Little Rock

Placid Hills Retirement Village    $5,000,000
1001 Donovan Briley Blvd., North Little Rock
FFH Construction LLC
Fort Smith

Little Rock Christian Academy Warrior Hall    $3,000,000
19010 Cantrell RoadJames H. Cone Inc.
Little Rock

Eighth Street Baptist Church    $2,056,034
821 W. Hickory St., North Little Rock
Massey Construction Co.
Little Rock

Westside Dialysis Clinic    $1,200,000
1515 Kanis Park Drive, Little Rock
Harco Constructors LLC
North Little Rock



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