West Little Rock E-Z Mart Rings Up $1.4 Million Sale (Real Deals)

West Little Rock E-Z Mart Rings Up $1.4 Million Sale (Real Deals)
E-Z Mart at 11911 Mara Lynn Drive in west Little Rock. (Google Maps)

A 3,200-SF convenience store in west Little Rock weighed in at nearly $1.44 million.

GTY-GPM/EZ Leasing LLC, an affiliate of New York’s Getty Realty Corp. real estate investment trust, bought the 11911 Mara Lynn Drive project.

The seller is E-Z Mart Stores Inc., led by Sonja Hubbard.

The deal is secured as part of a $54 million funding agreement with Arko Holdings Ltd. of Tel Aviv, Israel.

The 1-acre development previously helped secure an August 2014 mortgage of $60 million held by Wells Fargo Capital Finance LLC of New York.

E-Z Mart purchased the project for $740,000 in March 2005 from the ConocoPhillips Co. of Houston, Texas.

Donut Deal
A Dunkin’ Donuts in west Little Rock tipped the scales at $1.27 million.

AKSHAR 5 LLC, led by Shailesh Vora, acquired the vacant 10721 Kanis Road project.

The seller is Kanis Estates LLC, led by Len Falcone.

The 0.51-acre development previously was tied to an April 2016 mortgage of $1.2 million held by Regions Bank of Birmingham, Alabama.

Kanis Estates bought the project for $1.3 million 26 months ago from Kanis & Shackleford Investments LLC, led by Stephen Whitwell.

Bank Land
Land for a future bank branch and more changed hands in a $900,000 transaction.

First Security Bank of Searcy purchased 12.5 acres at the southeast corner of Brockington Road and Indian Bay Drive from HDJ Realty LLC, led by Hal, David and Jed Matthews.

The Matthews family entered the ownership picture through its Metropolitan Trust Co. in April 1937, acquiring the land for delinquent property taxes as part of a $214 deal.

Office Buy
A 2,919-SF office building in the Heights area of Little Rock rang up a $515,000 sale.

Catta LLC, led by Chip Murphy, bought the 5615 Kavanaugh Blvd. project from William and Emily Robertson.

The Robertsons financed the sale with a 10-year loan of $500,000.

The couple purchased the 0.16-acre development after striking a $135,000 deal in January 1998 with Jane Jones.

Rural Spread
A 5,351-SF home in west Pulaski County weighed in at $1.2 million.

Randall and Cynthia Green acquired the 27.7-acre residential spread near Ferndale from the Martha Anne Ulmer Trust.

The deal is funded with a 30-year loan of $840,000 from IberiaBank of Lafayette, Louisiana.

The land was bought for $235,000 in September 1994 from James and Mary Sawyer.

Woodlands Purchase
A 5,089-SF home in west Little Rock’s Woodlands Edge neighborhood sold for $885,000.

Sarah and Peter Lindley purchased the house from Chenal Valley Construction Inc., led by James Miles.

The deal is backed with a 15-year loan of $795,615 from IberiaBank.

The residence previously was linked with a June 2017 mortgage of $640,000 held by BancorpSouth Bank of Tupelo, Mississippi.

The location was acquired for $165,000 in September 2016 from Rocket Properties LLC, led by Lisenne Rockefeller.

St. John’s Home
A 2,599-SF home in Little Rock’s St. John’s Place neighborhood drew a $750,000 transaction.

Jane Gillespie bought the house from Daisy Lamb.

The location was purchased for $155,000 in October 1999 from St. John’s Place, led by the Roman Catholic Diocese of Little Rock and Dickson Flake.

Belle River House
A 4,420-SF home in Maumelle’s Belle River neighborhood rang up a $687,500 sale.

Janet and Alan Nye acquired the house from the Kenneth Edward Bown & Mary Joan Bown Joint Revocable Trust.

The Bowns bought the property for $145,000 in July 2001 from Dennis and Nola Ford.

Greathouse Abode
A 3,393-SF home in Pulaski County’s Greathouse Bend neighborhood drew a $635,000 transaction.

William and Emeteria Oates purchased the house from the namesake trust of William Meek and Gail Eisenhauer.

The property was acquired for $565,000 in August 2010 from Ernie and Karen Cline.

Riverview I
A 5,402-SF home in Little Rock’s Riverview Manor neighborhood is under new ownership after a $579,000 sale.

Eric Scaife bought the house from Perry and Laura Smith.

The deal is financed with a 15-year loan of $485,000 from Toyota Financial Savings Bank of Henderson, Nevada.

The Smiths purchased the property for $304,000 in December 1992 from Charles Smith Jr. and his wife, Constance.

Ridge Residence
A 3,379-SF home in Little Rock’s River Ridge neighborhood changed hands in a $532,480 deal.

Keith and Karyn Wortsmith acquired the house from Lee and Pam Jackson. The deal is funded with a one-year loan of $532,480 from Relyance Bank of Pine Bluff.

The residence previously was tied to a May 2015 mortgage of $400,000 held by Little Rock’s Bank of the Ozarks.

The property was bought for $499,500 in May 2014 from William and Catherine Henry.

Riverview II
A 4,175-SF home in Little Rock’s Riverview Manor neighborhood sold for $513,000.

Jason and Melanie Smith purchased the house from Ricardo and Jessica Caceda.

The deal is backed with a 25-year loan of $513,000 from Regions Bank.

The residence previously was linked with a December 2013 mortgage of $522,500 held by SunTrust Mortgage Co. of Richmond, Virginia.

The Cacedas acquired the property for $550,000 in December 2013 from Stanley and Susan Berry.