Copper Run Acreage Assembled for $2.6M (Real Deals)


Copper Run Acreage Assembled for $2.6M (Real Deals)

More than 85 acres in west Pulaski County tipped the scales at $2.2 million.

Layman Lane LLC, led by Graham Smith and Russell James, bought the land at 10601 Layman Road from Glenda C. Pehrson Family Ltd.

Construction of the Copper Run residential development is backed with a four-year loan of $5.7 million from Arvest Bank of Fayetteville.

The Pehrson family has owned the property since February 1969 after striking a deal of unrecorded value with Minnie Perryman.

In a related transaction, Layman Lane purchased an adjoining 5.98-acre parcel on Pride Valley Road for $423,500 from VAPS Investment Group LLC, led by Satpal Kamboj.

The property previously was linked with a November 2012 mortgage of $309,102 held by Portland’s HomeBank of Arkansas.

VAPS acquired the property for $299,000 in November 2012 from Tisdale Properties & Development LLC, led by Tracy Tisdale.

Northshore Sale
A 13,590-SF office-warehouse in North Little Rock weighed in at $1.57 million.

Green Bunn Herrington LLC, led by Curtis Green Jr., purchased the Advanced Pathology Solutions project at 4851 Northshore Lane.

The seller is Eckerd & Shea Commercial LLC, led by Rich Eckerd and Darin Shea. The deal is funded with a 10-year loan of $1.2 million from Relyance Bank of Pine Bluff.

The 1.24-acre development previous-y was tied to a February 2015 mortgage of $1.1 million held by First Security Bank of Searcy.

The site was bought for $344,000 in August 2007 from Pfeifer Family Ltd. I, led by Gene Pfeifer.

Tire Redevelopment
Redevelopment of a North Little Rock restaurant property is in motion after a $1.3 million deal.

Halle Properties LLC, an affiliate of Discount Tire of Scottsdale, Arizona, acquired the 1.4-acre El Porton development at 5021 Warden Road.

The seller is Cuatro Hermanos Inc., led by Jose Perez.

The property previously was linked with a June 2004 mortgage of $722,500 and an April 2005 mortgage of $367,500 held by Delta Trust & Bank of Little Rock.

The former Steak ‘n Shake location was purchased for $850,000 in May 2004.

The seller was Capitol Land Co. and Caplaco Five Inc., both led by George Capps.

Sky Holdings Buy
A 15,400-SF adult day care in Sherwood drew a $695,000 transaction.

Sky Holdings LLC, led by Muhammad Shajatt, Khalid Rayaz, Mohammad Siddiqui and Muhammad Arshad, bought the Huckeby House project at 100 Shadow Oaks Drive.

The seller is the Clifton Family LLLP, led by Norman Clifton.

The deal is financed with a five-year loan of $556,000 from Arvest Bank.

The 1.65-acre development was acquired for $370,000 in November 2014 from Centennial Bank of Conway.

Office Transaction
A 4,040-SF office building in mid-town Little Rock changed hands in a $465,000 deal.

Nova Scotia Properties LLC, led by Quratulain and Ali Raji, purchased the 5918 Lee Ave. project.

The seller is ATG Properties LLC, led by Artie Gregory III.

The deal is backed with a five-year loan of $395,250 from Arvest Bank.

The 0.47-acre development was bought for $411,000 in May 2005 from Depoyster Family Ltd., led by David and Virmarie Depoyster.

Argenta Land
A nearly one-acre parcel in downtown North Little Rock was assembled in transactions totaling $448,000.

The North Little Rock Downtown Development Board acquired land on the north side of Fourth Street at Poplar Street from The Mill LLC, led by Jack Grundfest.

The property previously helped secure a February 2010 mortgage of $3.4 million held by IberiaBank of Lafayette, Louisiana.

The land was purchased in March 2008 as part of a $1.8 million deal with Mountaire Feeds Inc., led by Ron Cameron.

Multifamily Purchase
A small apartment building in Little Rock sold for $385,000.

Irwin Cantrell Properties LLC, led by Warren Stephens, bought the 1423 Cantrell Road project from Sandra Magness.

Magness acquired the 0.26-acre development for $85,000 in April 1986 from HCH Inc., led by David “Bo” Herrin.

Dollar Property
A Dollar General project in southwest Little Rock is trailing a $299,000 land transaction.

Argen Investment LLC, led by Leonard Boen, purchased the 1.24-acre site at the northeast corner of Mabelvale West Road and Interstate 30 from Cheryl Snyder.

Construction is funded with a 10-year loan of $990,000 from Bear State Bank of Little Rock.

Snyder bought the property for $160,000 in February 2002 from Otter Creek Development Co., led by Robert McGinnis and Byron Eiseman Jr.

Convenient Acquisition
A convenience store in southwest Little Rock rang up a $245,000 sale.

Budhwani Investments Group LLC, led by Maheboob Ali Budhwani, acquired the 13622 Sardis Road project. The seller is IHL Inc., led by In Ho Lee.

The 0.66-acre development previously was tied to an October 2008 mortgage of $248,000 held by Arvest Bank.

IHL purchased the project for $310,000 more than nine years ago from Khadijah Awwad.

Chenal Downs Manor
A 6,662-SF home in west Little Rock’s Chenal Downs neighborhood tipped the scales at $1.26 million.

Joey and Leslie Wiggins bought the five-acre spread from William and Tracie Pugh. The deal is financed with a 30-year loan of $1 million from Arkansas Federal Credit Union of Jacksonville.

The residence previously was linked with an October 2014 mortgage of $1 million held by One Bank & Trust of Little Rock.

The site was acquired for $159,000 in April 2013 from Brian Owens.

River Oaks Abode
A 6,814-SF home in Little Rock’s River Oaks neighborhood is under new ownership after a $945,000 deal.

Diane Wilder and Porter Briggs purchased the house from Bo Ventures LLP, led by Richard O’Brien.

Bo Ventures bought the residence in August 2016 at a $905,500 foreclosure sale. The previous owners were Lewis and Debra May.

Shadowlawn Home
A 3,707-SF home in Little Rock’s Shadowlawn neighborhood drew a $787,550 transaction.

JCJ Holdings LLC, led by Jon James, acquired the house from Lynn and Julie Marshall.

The Marshalls purchased the residence for $233,000 in March 1985 from J.A. McEntire III and his wife, Margaret.

Osage Falls Residence
A 3,646-SF home in Maumelle’s Osage Falls neighborhood changed hands in a $540,000 deal.

Blake and Allyson Hendrix bought the house from Christopher and Robin Ray. The deal is financed with a 15-year loan of $373,000 from First Security Bank.

The residence previously was tied to an October 2017 mortgage of $392,000 from Quicken Loans Inc. of Detroit.

The Rays acquired the property for $540,000 in February 2009 from Gregory Reed and Paul Shaw.

Heights House
A 2,258-SF home in the Heights area of Little Rock sold for $500,000.

Stacie Wickliffe purchased the house from Eric and Leslie Britton. The deal is funded with a 30-year loan of $350,000 from Eagle Bank & Trust of Little Rock.

The Brittons bought the residence for $235,000 in December 2006 from the William D. Jones Jr. Revocable Trust.