Future KATV Studio Buy Tunes In at $4.3M (Real Deals)


Future KATV Studio Buy Tunes In at $4.3M (Real Deals)

A 25,248-SF office building in Little Rock’s Riverdale area tipped the scales at $4.36 million.

KATV LLC, an affiliate of Sinclair Broadcast Group Inc. of Cockeysville, Maryland, purchased the 2-acre 10 Turtle Creek Lane development and an adjoining undeveloped 1.81-acre parcel.

The seller is the Student Loan Guarantee Foundation of Arkansas Inc., led by Sue Balest. The land previously was tied to a November 2004 mortgage of $1.2 million held by Little Rock’s Pulaski Bank & Trust.

The foundation bought the site for $895,333 in November 2004 from Pleasant Valley Inc., led by Marion Burton.

Mini Purchase

A 262-unit mini-storage project in south Little Rock changed hands in a $1.25 million deal.

Red Dot Storage 157 LLC of Louisville, Colorado, acquired The Storage Place at 4600 and 4607 Hoffman Road from Bison Asset Management LLC of Frisco, Texas.

Bison Asset bought the 6.66-acre de-velopment for $775,000 in January 2017 from the namesake trusts of Lawerance and Beverly Doyle.

The trusts purchased the project for $1.23 million in December 2004 from Pantanal LLC, led by Arlanders Etheley.

Professional Purchase

A 9,909-SF office building in North Little Rock weighed in at $1.2 million.

JMJ Family Properties LLC, led by John Mark Johnson, bought the Lakewood Professional Building at 4701 Fairway Ave. from Keith and Melanie Grayson.

The deal is financed with a 10-year loan of $967,500 from Little Rock’s Bank OZK. The 0.79-acre development previously was linked with an April 2017 mortgage of $681,864 held by Centennial Bank of Conway.

The Graysons purchased sole ownership from Sharon Davis for $525,000 in March 2017.

The site was acquired for $233,000 in July 2001 from Land Associates of Arkansas Inc., led by William Alfonso.

Elementary Transaction

The former Park Hill Elementary in North Little Rock sold for $900,000.

The Ridge Assembly, led by Kenneth Meckfessel, purchased the 33,342-SF site at 3801 JFK Blvd.

The seller is I-40 Kerr LLC, led by Byron McKimmey and Billy Morden.

The deal is backed with a 3-year loan of $720,000 from First Arkansas Bank & Trust of Jacksonville and a $200,000 mortgage carried by I-40 Kerr. The 4.92-acre development was bought for $530,000 in March 2017.

Dollar Site

A 1.34-acre commercial site in North Little Rock drew a $250,000 transaction.

PB General Holdings (Protho Junction) LLC, led by Leonard Boen, acquired the land near the northeast corner of Highway 161 and Bethany Road.

The seller is Crew Real Estate Investments LLC, led by Norman Clifton.

Construction of a Dollar General store is funded with a $1 million loan from Relyance Bank of Pine Bluff.

Crew purchased the land in August 2017 as part of a $95,000 deal with James and Jenny Neal.

Valley Falls Manor

A 5,933-SF home in the Valley Falls Estates neighborhood of west Little Rock tipped the scales at $1.52 million.

Barton and Marion Hankins bought the house from No. 2 Spring Valley Lane LLC, led by Ayasha and Rodney Thomason.

The residence previously was tied to a March 2015 mortgage of $1.4 million held by Simmons Bank of Pine Bluff.

The property was acquired for $1.6 million more than four years ago from Michael and Jerene Montgomery.

Woodlands Edge

A 5,053-SF home in west Little Rock’s Woodlands Edge neighborhood weighed in at $1.12 million. Severin and Ana Clara Pouly purchased the house from Randy Wright Builders LLC.

The deal is financed with a 30-year loan of $990,000 from U.S. Bank of Cincinnati. The residence previously was linked with an August 2018 mortgage of $850,000 held by First Security Bank of Searcy.

The site was bought for $172,000 in January 2018 from Rocket Properties LLC, led by Lisenne Rockefeller.

Greathouse Bend

A 4,556-SF home in Little Rock’s Greathouse Bend neighborhood rang up an $859,500 sale. Justin Harris and

Mandy Marshall acquired the 1-acre residential spread on the Arkansas River from Worth and Stacy Gibson.

The deal is backed with a 30-year loan of $687,600 from IberiaBank of Lafayette, Louisiana. The property previously was tied to a November 2014 mortgage of $843,200 held by Bank of Little Rock Mortgage Corp.

The Gibsons purchased the house for $950,000 in April 2010 from Miles Goggans and an adjoining 0.6-acre par-cel for $160,000 in March 2014 from Stephen and Betty Bilheimer.

Deauville Place

A 4,103-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $710,000 deal.

Tanmay Bhamare bought the house from the WK-LSM Family Trust, led by Wade and Kimberly McGill.

The deal is funded with a 30-year loan of $718,783 from Arvest Bank of Fayetteville.

The McGills acquired the location for $115,000 in September 2014 from Gary Loyd Jr. and his wife, Yojaina.

Adkins Estates

A 4,498-SF home in west Little Rock’s Adkins Estates neighborhood sold for $705,000.

Robert Hall purchased the house from Robert and Laura Vogel.

The Vogels bought the location for $159,000 in February 2008 from Jennifer Day.

Normandy Abode

A 3,440-SF home in the Normandy neighborhood of Little Rock changed hands in a $588,000 sale.

Tara Tinnin acquired the house from Steve and Robin Mangan.

The deal is financed with a 25-year loan of $388,000 from Regions Bank of Birmingham, Alabama.

The residence previously was linked with a February 2013 mortgage of $290,000 held by Little Rock’s Metropolitan National Bank.

The Mangans purchased the property for $129,000 in April 1992 from Robert Searcy.