Barrington Hills Apartments Sold for $11M

Barrington Hills Apartments Sold for $11M
Barrington Hills Apartments sits on about 12 acres of land at 1221 Reservoir Road in Little Rock. (Parcel lines are approximate and shown for illustration purposes only.) (Google Earth)

Apartments, hunting ground, office buildings, mobile home parks and big houses dot the landscape in this week’s installment of million-dollar real estate transactions.

► PR Barrington Hills LLC, an affiliate of Property Resource Associates of Wellington, Florida, sold its namesake 232-unit apartment project at 1221 Reservoir Road in west Little Rock for $11 million.

Buyer: OBH Barrington LLC, an affiliate of Omni + Brooks Holdings of Lakewood, New Jersey.

► Apex Towne Country LLC of Lakewood, New Jersey, bought the 112-unit Old Oaks Apartments project at 7700 Chicot Road in southwest Little Rock for nearly $7.3 million.

Seller: The Oaks Apartments Ltd., an affiliate of the Zieben Group in Houston, Texas.

► Goosehead Farm LLC, led by Chris Robertson Sr., sold a 485-acre hunting-farming spread in Lonoke County for $4.9 million.

The buyer is WPR Irrevocable Trust, led by John Wade. The deal was divided into two transactions: 350 acres for more than $3.5 million and a mostly wooded 135-acre tract east of Highway 31 about 5 miles north of Blakemore for more than $1.3 million.

The larger deal includes two tracts: 263 acres near Bayou Meto about 9 miles north of Blakemore and 87 acres with a hunting lodge about 12 miles north of Blakemore.

► 1920 N. Main Street NLR LLC, led by Jeffrey Smith, purchased its namesake address in downtown North Little Rock for $1.7 million.

Who sold the 17,934-SF office building? American Home Life Insurance Co., led by Ann Powell-Black.

► Russell and Sarah Brantley sold a 3,848-SF house in Little Rock’s Forest Heights neighborhood to James and Jill Gibson for $1.1 million.

► Pete and Nancy Price acquired a 4,901-SF home in west Little Rock’s Germay Court neighborhood from Samuel and Cheryl Freeze for $1.1 million.

► Joseph Curreri sold mobile home parks at 8305-07 Stanton Road and 8501 Community Road in southwest Little Rock for more than $1 million to MHCI Fund I LLC, an affiliate of MHCI Group in New Smyrna Beach, Florida.

► Delta Development Fund LLC, led by Bob East, bought a 13,160-SF office building at 2725 Cantrell Road in the Riverdale area of Little Rock for $1 million.

Seller: Triangle Insurance Co. of Enid, Oklahoma.