Maumelle Hampton Inn Hosts $6.3 Million Sale (Real Deals)

by George Waldon  on Monday, Mar. 3, 2014 12:00 am  

New ownership visited the 70-room Hampton Inn at 11920 Maumelle Blvd. (Photo by Jason Burt)

Wood Stone Little Rock LLC of Mount Kisco, N.Y., recovered the 6100 Leon Circle project from U-Store It Storage Solutions LLC of Tarzana, Calif.

The 3.3-acre development previously was tied to a December 2006 mortgage of $1.92 million originated by Column Financial Inc. of New York.

U-Store It Storage Solutions purchased the property for $2.4 million more than seven years ago from U-Storit Inc., led by Bill Humble.

Office Transaction I

A 7,605-SF medical office building in west Little Rock tipped the scales at $1.2 million.

South Central Management Services LLC, led by Jett Harris, acquired the 600 Autumn Road project from Drs. Rob L. & Angela H. Barrow LLC.

The deal is financed with a 20-year loan of $960,000 and a one-year loan of $300,000 from First Western Bank of Booneville.

The 1.07-acre development previously was linked with a June 2011 mortgage of $850,000 and a June 2012 mortgage of $40,000 held by IberiaBank of Lafayette, La.

The Barrows bought the site for $306,000 ($7 per SF) in May 2002 from Commercial Net Realty Inc., a real estate investment trust based in Orlando, Fla.

Million-Dollar Construction

White Oak Apartments $10,825,000
10701 Burkhalter Haas Drive, North Little Rock  
White Oak Apartments LLC, North Little Rock  
   
Forest Place Apartments Renovation $6,000,000
1421 N. University Ave., Little Rock  
Bear Claw Construction Management LLC, Kansas City, Mo.  
   
Pleasant Ridge North $1,300,000
11400 Cantrell Road, Little Rock  
Bailey Construction & Consulting LLC, Little Rock  
   
Parking Deck $1,215,000
215 E. Markham St., Little Rock,  
Clark Contractors LLC, Little Rock  
   
Office Remodeling $1,000,000
11025 Anderson Drive, Little Rock  
VCC LLC, Little Rock

 

Office Transaction II

A 5,944-SF office building in west Little Rock is under new ownership after an $835,000 transaction.

 

 

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