NLR Hilton Garden Inn Draws $13.1 Million Sale (Real Deals)

by George Waldon  on Monday, Dec. 16, 2013 12:00 am  

Hilton Garden Inn at 4100 Glover Lane in North Little Rock. (Jason Burt)

Paradise Stores LLC, led by Asif Habib Ghulam Hussain, purchased the 9128 Highway 161 project from Esmaeil and Janet Adineh-Kharat.

The sellers funded the deal with a $650,000 mortgage. The 1-acre development previously was used to help secure a May 2012 mortgage of $990,000 held by First Arkansas Bank & Trust of Jacksonville.

The Adineh-Kharats acquired the site for $17,000 in June 1992 from Valentine Corp., led by William G. Thompson.

Keener Group Buy

A 10,520-SF commercial building in southeast Pulaski County rang up a $380,000 sale. Keener Group LLC, led by Jennifer Pierce, bought the 10.4-acre property at 1725 Russenberger Road.

The seller is Ellis LLC, led by Michael and Angela Cornell.

The land was purchased for $30,000 in May 1999 from Alfred and Norma Geaslin.

Northshore Land

A 1.2-acre commercial site in North Little Rock flip-flopped ownership in a transaction valued at $284,000.

Taipanic Investment Group LLC, led by Brock Johnson, reacquired the land near the southwest corner of Cooks Landing Road and Northshore Drive. The seller is Thousand Peaks Ventures LLC, led by Joe Carter Jr.

The property previously was linked with an August 2009 mortgage of $251,448 held by BancorpSouth Bank of Tupelo, Miss.

Thousand Peaks bought the property from Taipanic Investment for $315,000 more than four years ago.



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