Acxiom Building Hosts $25 Million Transaction (Real Deals)

Acxiom Building Hosts $25 Million Transaction (Real Deals)
Acxiom Building at 601 E. Third St. in downtown Little Rock. (Wil Chandler)

A 188,460-SF office building in downtown Little Rock weighed in at $25 million.

Acxiom Corp. sold its 12-story headquarters and supporting five-story parking deck at 601 E. Third St. to Simmons Bank of Pine Bluff.

The transaction involved the city transferring ownership of the 4.5-acre development to Acxiom.

The property was held nominally by the city to facilitate a $17 million bond issue in July 2003 to finance construction of the project.

The site was purchased for $1.44 million in January 2000 from Stephens Group Inc.

Terraforma Transaction
Undeveloped land near the Arkansas River in downtown North Little Rock sold for $2.53 million as part of a tax-deferred exchange transaction.

Smarthouse Way LLC, an intermediary for Terraforma LLC, acquired the 5.8-acre tract south of Riverfront Drive between the Broadway Bridge and Smarthouse Drive from the Public Building Authority of the city of North Little Rock.

The deal, which sets the stage for a mixed-use development, is backed with a two-year loan of $2.2 million from First Security Bank of Searcy.

The property previously was tied to a May 2008 mortgage of $785,000 held by the Pulaski County Brownfields Revolving Loan Fund.

Two Sherwood properties and a sliver of land in North Little Rock completed the exchange transaction.

Terraforma and 5620 Warden Road LLC, both led by Doug Meyer and David Bruning, sold the 2.9-acre 4Wheel Parts development at 5620 Warden Road and the 2.34-acre Carhop development at 5600 Warden Road for $2.4 million.

The buyer is Bayird Properties LLC, led by Keith and Amy Bayird. The deal is funded with a five-year loan of $2.4 million from Focus Bank of Charleston, Missouri.

Terraforma purchased the Sherwood land in January 1996 as part of a $324,000 deal with the J.A. Faulkner estate.

The 0.27-acre strip in North Lit-tle Rock was acquired for $20,000 in June 2001 from the Woodcrest Co. LLP, led by James P. Matthews.

The riverfront property was assembled by the Urban Renewal Agency of the city of North Little Rock as part of transactions during the early 1970s totaling more than $663,000.

The sellers were Irma Culbert Lincoln et al, E.M. Pfeifer, Missouri Pacific Railroad Co., Herman Loket, A.P.T. Construction Co., Jeffrey Sand Co., General Wood Products Co., Fell Vaughan and Gray Supply Co.

Innwood Acquisition
An 18,400-SF office building in west Little Rock tipped the scales at $1.55 million.

Innwood Building LLC, led by Dennis Baas, sold its namesake project at 3 Innwood Circle.

The buyer is Three Innwood LLC, led by Dennis Ford.

Innwood Building carried the entire purchase price in the form of a 10-year loan.

The 1.29-acre development was acquired for $693,000 in May 1995 from Resource Capital Development Corp., led by C.D. Williams.

Car Wash Purchase
A Jacksonville car wash changed hands in a $270,000 transaction.

Titan Car Wash LLC, led by Bryan Clayton, bought the 701 N. J.P. Wright Loop Road property. The seller is A&H Car Wash Inc., led by Joe Douglas.

The deal is financed with a three-year loan of $190,000 from First Arkansas Bank & Trust of Jacksonville and a $60,000 loan from Ronald and Suzanne Clayton of Mesquite, Nevada.

The 0.44-acre development previously was linked with an October 2016 mortgage of $150,000 held by First Arkansas Bank & Trust.

A&H purchased the property for $42,000 in July 1994 from Harco Inc., led by John Hardin.

Downtown Deal
A 6,948-SF building in downtown Little Rock is under new ownership after a $235,000 deal.

Ally Jade Investments Inc., led by Sam Carrasquillo, acquired the Bensky Furs project at 811 Main St.

The seller is Fletcher Realty LLC, led by Frank Fletcher.

The deal is backed with a five-year loan of $551,376 from Arvest Bank of Fayetteville

Fletcher Realty bought the 0.16-acre development for $265,000 in December 1999.

The seller was Riley Co., led by Pat Riley.

Package Store Buy
A 1,500-SF liquor store in east Little Rock rang up a $200,000 sale.

2017 AAP DA Bopp LLC, led by Baljinder Singh, purchased the Bopp Liquor project at 1021 E. Ninth St. from Bill Robinson.

The 0.74-acre development was acquired for $110,000 in August 1983 from Roy and Evelyn Foster.

Palisade Manor
A 4,996-SF home in the Palisades Estates neighborhood of Cammack Village weighed in at $1.92 million.

Palisades Park LLC, led by Lambert Marshall Jr., bought the house from Craig and Elizabeth Campbell.

The residence was purchased for $425,000 in February 1986 from Reita Miller.

Chimney Rock House
A 7,316-SF home in North Little Rock’s Chimney Rock neighborhood drew an $845,000 transaction.

CRM Revocable Trust, led by Amelia Muse, acquired the house from William and Sheila Hogan.

The Hogans bought the location for $118,000 in December 1999.

The seller was Matthews Properties, led by Hal Matthews.

High-Rise Home
A 1,842-SF condominium in downtown Little Rock’s River Market Tower sold for $565,000.

The Aaron Peeples Family 2011 Gift Trust purchased the 15th-floor unit at 315 Rock St. from Steven and Alicia Rucker.

The residence previously was tied to a September 2015 mortgage of $375,000 held by Regions Bank of Birmingham, Alabama.

The Ruckers acquired the property for $555,000 more than 18 months ago from RMT II LLC, led by Jimmy Moses and Rett Tucker.