Sherwood's Chapel Ridge Apartments Sell for $11.4M

by Arkansas Business Staff  on Monday, Nov. 5, 2018 12:00 am   1 min read

Chapel Ridge Apartments at 10401 Brockington Road in Sherwood (Google Earth/Mapbox)

This week, we bring a six-pack of million-dollar real estate transactions to the party, consisting of an apartment complex in Sherwood, two agri spreads in Lonoke County, a Little Rock home, a Conway restaurant and a day care center in west Little Rock.

►  Robertson Building LLC and Branch at Carson Springs II LLC, affiliates of Zimmerman Properties of Springfield, Missouri, purchased the 160-unit Chapel Ridge project at 10401 Brockington Road for nearly $11.4 million.

Seller: Sherwood Housing Associates Ltd., an affiliate of Denver’s Alden Torch Financial.

►  Grand Prairie Land Co. LLC of Shreveport sold 507 acres for $5.5 million to West-Earn LLC of Lebanon, Tennessee. The mix of woodlands and farmland is about 5 miles northeast of Humnoke on the east side of Geridge Road, south of Bayou Meto.

►  Orange Farms LLC, an affiliate of Hancock Natural Resource Group of Boston, acquired 1,136 acres about 15 miles southeast of Lonoke for $4.2 million.

The sellers? Fred and Shirley Staton and their Fred Staton Farm Inc. and Mallard Duck Farmland LLC, led by Robert and Janice Staton.

►  Diane Davenport Wilder and Barnett Porter Briggs Jr. sold their 4,039-SF home in Little Rock’s Edgehill neighborhood to Michael Bauer III for $2.1 million.

►  Brian Barr Inc. of Mountain Center, California, bought the 2,312-SF Chipotle at 915 E. Oak St. in Conway for more than $1.6 million from Frost Commercial LLC, led by Garrett Frost.

►  Bilmor Inc. of Memphis sold the 8,714-SF Childcare Network project at 800 Kirk Road for $1 million to Robert Zeiler.

 

 

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