Pair of Southridge Villages Sold for Combined $19.1M


Retirement centers in Conway and Cabot, an apartment complex and car wash in Little Rock and a North Little Rock hotel have come together for a five-piece of multimillion-dollar transactions.

♦ Lierman Family Co. XV LLC of St. Charles, Missouri, bought the 52,900-SF Southridge Village-Conway at 1306 S. Donaghey Ave. for $13.1 million.

Seller: Blankenship Development LLC, led by Elizabeth Blankenship.

♦ Lierman Family Co. XVII LLC purchased the 41,800-SF Southridge Village-Cabot at 601 E. Mountain Springs Road for nearly $6 million.

Seller? Southridge Village-Cabot Development Co. LLC, led by Elizabeth Blankenship.

♦ Beacon Hill Inc., led by James Barre Jr., sold its namesake 168-unit apartment project at 1801 Reservoir Road in Little Rock for $9.2 million.

Buyer: Beacon Hill Little Rock LLC, an affiliate of RREAF Holdings of Dallas.

♦ Splash Express 10 LLC, led by Mark Middleton, sold its namesake car wash at 14103 Cantrell Road in west Little Rock for more than $4.3 million.

Buyer? Store Master Funding VII LLC, an affiliate of the Store Capital real estate investment trust in Scottsdale, Arizona.

♦ SAI Lodging Inc., led by Rajendrakumar Patel, acquired the 52-room Red Roof Inn at 5711 Pritchard Drive in North Little Rock for nearly $2.2 million. Seller: RRI Lodging LLC, led by Kanti Sharolla.