Chapel Ridge of Conway Sells for $6.7M

Chapel Ridge of Conway Sells for $6.7M
Chapel Ridge Apartments, 401 Second St. in Conway

The sale of a 148-unit apartment complex in Conway and a 9-acre commercial site in Bryant topped the $1 million mark.

► AndMark Chapel Ridge of Conway LLC, an affiliate of the AndMark real estate investment firm of Los Angeles, bought its namesake project at 401 Second St. for nearly $6.7 million.

Sellers: ChapelRidge of Conway Ltd. and ChapelRidge of Conway II Ltd., affiliates of ERC Cos. of Rogers.

► Mid Corp Investments LLC, led by Mark Middleton, and M&B Holdings LLC, led by Mark McCaslin, sold land at 1905 N. Reynolds Road for $1 million.

Who bought the property, which also has frontage on Prickett Road? Fan 4 Investments 2 LLC, led by Drew Holbert.

A 3.4-acre portion on Reynolds Road, between O’Reilly Auto Parts and First Security Bank, will become home to a 10 Fitness center.