Afco Metals, Red Lobster Highlight Recent Real Estate Deals

Ryerson metal facility at 7701 Lindsey Road in Little Rock.
Ryerson metal facility at 7701 Lindsey Road in Little Rock. (Google Maps)

Industrial property in east Little Rock leads off this week’s short parade of million-dollar transactions.

► Afco Metals Inc., owned by Ryerson Holding Corp. of Chicago, sold its 291,924-SF complex at 7701 Lindsey Road in a $14.1 million sale-leaseback deal with an affiliate of Spirit Realty Capital of Dallas.

► Pran McCain LLC of Alpharetta, Georgia, bought the 8,045-SF Red Lobster at 3707 W. McCain Blvd. in North Little Rock for $7.3 million.

Seller? ARCP RL Portfolio V LLC, an affiliate of American Realty Capital Properties of Phoenix.

This Red Lobster restaurant at 3707 McCain Blvd. was ranked  No. 3 in 2013 gross receipts in North Little Rock. The Little Rock location was No. 11 on the same list for Little Rock restaurants.

► Red Sash LLC, led by Ray and Cheryl Jones, purchased the 56-unit Rock Creek Apartments project at 375 Monroe St. in Conway at a $1.5 million foreclosure sale.

Former owner: FFH of Conway Ltd., led by Jake Files.

► A North Little Rock mansion built on fraud has a new owner.

The 12,449-SF residence that sports memorabilia fraudster John Rogers once called home changed hands in a transaction pegged at $1.3 million.

Joseph Folen IV bought the gated 5.54-acre spread off Snake Hill from Richard and Patricia Elimon.

► Arkansas Composites Inc., led by Alan McEntire and John Earles, sold 36 lots in the Homestead at the Gap neighborhood northeast of Conway for $1 million.

Buyer? Rausch Coleman Mid-Ark LLC, an affiliate of Fayetteville’s Rausch Coleman Homes.

Big Construction

Esplanade Apartments    $15,795,000
92 Units
1-17 Esplanade Circle, North Little Rock
PDC Construction Inc., Little Rock

New Home    $1,200,000
1916 N. Jackson St., Little Rock
Parkinson Building Group Inc., Little Rock