Pair of SWLR Apartment Properties Sell for $11.5M


Pair of SWLR Apartment Properties Sell for $11.5M
(Google Earth)

Apartments in southwest Little Rock lead off this week’s installment of million-dollar real estate transactions.

► LR Midtown Apartments LLC, an affiliate of AMG Realty Group of Skokie, Illinois, purchased the 372-unit Colonial Parc Apartments at 5813 Baseline Road and the 124-unit Meadowcrest Apartments at 5315 Stanley Drive for $11.5 million.

Seller? Colonial Park RBG LLC of West Plains, Missouri.

► GCI Development LLC, led by Marty Gunaca, sold a 5,248-SF IHOP at 306 Commerce Drive in Bryant for $1.7 million.

Buyer: PBC Properties LLC, led by Pierre Curran.

► Graygirl Family Trust, led by William and Tammy Lee, bought a 7,937-SF home in west Little Rock’s Sologne Circle neighborhood for more than $1.6 million.

Seller: Demiro Family Revocable Trust, led by Mike and Deborah Roberts.

► North Little Rock Hospitality LLC of Los Angeles sold the Red Roof Inn at 120 W. Pershing Blvd. for nearly $1.6 million.

Buyer? CI NLR Hotels LLC of Missouri City, Texas.

► 1201 Baucum LLC, a Colliers-led investment group, acquired the 22,500-SF Truck Pro facility at 1201 Baucum Industrial Drive in North Little Rock for more than $1.5 million from Stephen and Sara Daugherty.

► Polly Glotzbach sold a 4,565-SF home in Little Rock’s Edgehill neighborhood to Joseph and Olivia Ramsey for $1.5 million.

► 470 Fatima Property LLC, led by Jahangir Yousaf, bought a 5,323-SF convenience store at 646 S. Harkrider St. in Conway for $1.3 million.

Seller? F&M Properties LLC, led by Sadiq Ali.