Bowman Curve Draws $7.1M Transaction (Real Deals)

Bowman Curve Draws $7.1M Transaction (Real Deals)

A 60,779-SF retail center in west Little Rock tipped the scales at $7.13 million. Bowman Curve I & II LLC, an affiliate of Cooper Realty Investments Inc. of Rogers, sold its namesake projects at 200-400 Bowman Road.

The buyer is Ziff Bowman Curve LLC, an affiliate of Ziff Properties Inc. of Mount Pleasant, South Carolina.

The 7.54-acre Bowman Curve development previously was tied to a November 2007 mortgage of $7.5 million held by Lincoln National Life Insurance Co. of Fort Wayne, Indiana.

The project was purchased for $9.4 million in November 1998 from Bowman Curve LLC, led by John Bailey.

Windamere Sale
A 109-unit multifamily project in southwest Little Rock weighed in at $2.35 million.

Windamere Redevelopment LLC, an affiliate of Cross Equities of Addison, Texas, bought Windamere Townhouses & Apartments at 5701 Dreher Lane.

The seller is Marsilmore Properties LLC, led by Helen Marshall. The 4.48-acre development previously was linked with a June 2013 mortgage of $2 million and a February 2016 mortgage of $38,400 held by One Bank & Trust of Little Rock.

The project was acquired for $2.5 million in March 2003 from the Donald K. Kirk Revocable Trust.

Hardee’s Purchase
A fast-food project in southwest Little Rock was the focal point of a $1.4 million sale-leaseback transaction. CJK Apartments LLC and HEK Investments LLC, both of La Palma, California, purchased the Hardee’s at 8703 Geyer Springs Road.

The seller is Big Rock LLC of Malibu, California.

The 1.02-acre development previously helped secure a seven-year loan of $7.2 million held by City National Bank of Los Angeles.

Big Rock bought the property for $350,000 in August 2016 from ARC CAFEHLD001 LLC, an affiliate of Cole Capital of Phoenix.

Branch Acquisition
A 2,164-SF bank branch in the Hillcrest area of Little Rock rang up a $540,000 sale.

Hodge Property Holdings LLC, led by Robert Hodge III, acquired the 2924 Kavanaugh Blvd. project from Simmons Bank of Pine Bluff.

The deal is financed with a 20-year loan of $270,000 from First National Bank of Paragould.

Simmons inherited the branch as part of its 2014 acquisition of Delta Trust & Bank.

Delta Trust purchased the property for $330,000 in October 2003 from The Coulson Oil Co. Profit Sharing Plan & Trust of North Little Rock.

Office-Warehouse Buy
A 7,800-SF office-warehouse in Maumelle drew a $500,000 transaction.

Louie and Linda Sheppard bought the 12006 Louis Nelson Drive project from JF Leasing LLC, led by Jeremy Fields.

The 1.55-acre development previously was tied to a $440,440 mortgage held by Bank of America in Charlotte, North Carolina.

JF Leasing of Poteau, Oklahoma, acquired the site for $93,000 in August 2013 from Maumelle Land Development LLC, led by Marc Yelenich, Anthony Wray, David Haas, Justin Carmody and Steven Molpus.

Greenbrier Manor
A 5,140-SF home in Little Rock’s Greenbrier neighborhood changed hands in a $1.68 million deal.

YanJun LLC, led by Mark McLarty, purchased the 3-acre spread from McGill Terrace LLC, led by Mack and Donna McLarty.

The McLarty family assembled the property in two transactions totaling $450,000.

The sellers were J.W. and Dena Benafield, $375,000 in October 1978; and Doug Brandon Jr. and his wife, Elizabeth, $75,000 in January 1985.

Candlewood Abode
A 6,557-SF home in west Little Rock’s Candlewood neighborhood sold for $810,000.

Jennifer Hunt acquired the house from the TJRB Join Revocable Trust, led by Dennis and Debra Grandle.

The deal is backed with a 30-year loan of $648,000 from U.S. Bank of Cincinnati.

The 8.2-acre spread previously was linked with a July 2016 mortgage of $499,000 held by IberiaBank of Lafayette, Louisiana.

The property was purchased for $600,000 in October 1996 from Jane and Jerome Grismer.

Accadia Court House
A 4,704-SF home in the Accadia Court neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $633,400 transaction.

Brian Hohertz bought the house from Mike Kuhn Construction Inc. The deal is funded with a 15-year loan of $424,100 from Regions Bank of Birmingham, Alabama.

The residence previously was tied to July 2015 mortgages totaling $423,566 held by Centennial Bank of Conway.

The site was acquired for $87,000 in June 2015 from Deltic Timber.

High-Rise Home
A 2,078-SF condo in downtown Little Rock’s 300 Third Tower rang up a $585,000 sale. Alligator Investments LLC, led by Rush Harding III, purchased the 15th-floor unit from Clinton McGue.

The deal is financed with an 18-month loan of $585,000 from BancorpSouth Bank of Tupelo, Mississippi.

The condominium previously was linked with a March 2011 mortgage of $330,000 held by Centennial Bank.

McGue bought the space from the bank for $300,000 in November 2009.

Woodlands Residence
A 3,883-SF home in west Little Rock’s Woodlands Edge neighborhood drew a $549,000 transaction.

Sarah Greenberger acquired the house from Billy Hartness Construction Co.

The deal is backed with a 30-year loan of $549,000 from Suntrust Mortgage Inc. of Richmond, Virginia.

The residence previously was tied to a June 2016 mortgage of $446,400 held by First Security Bank of Searcy.

The site was purchased for $75,000 in September 2015 from Rocket Properties LLC, led by Ron Tyne and Lisenne Rockefeller.

Seven-Digit Construction

Mechanicals Update    $8,561,402
Blue Cross & Blue Shield
601 Gaines St., Little Rock
Baldwin & Shell Construction Co., Little Rock