The sale of a 180-unit apartment project in Little Rock weighed in at $9.1 million.
OBH Westbridge LLC, an affiliate of Omni + Brooks Holdings of Lakewood, New Jersey, acquired Westbridge Apartments at 2123-24 Labette Manor Drive. The seller is Republic Westbridge Ltd., an affiliate of Republic Funds of Toronto.
OBH Westbridge assumed a May 2020 mortgage of $6 million originated by Arbor Commercial Funding I LLC of Uniondale, New York.
Republic bought the 13.33-acre development for $5 million in September 2017 from Westbridge Apartments II Ltd. and West Bridge Apartments Ltd., both led by James Kincannon.
Church Business
A Little Rock congregation downsized after selling its property for $3.55 million.
First Church of the Nazarene sold its 1200 N. Mississippi St. facility to Fellowship Bible Church.
The 5.07-acre location was assembled in two buys totaling $65,000. The sellers were St. Mark Episcopal Church, $22,500 in January 1964; and Biscayne Corp., led by Leland Jones, $42,500 in February 1964.
On the backside of the sale to Fellowship Bible, First Church of the Nazarene purchased the 14,248-SF Heritage College project at 1309 Old Forge Drive for $1.83 million.
The seller is Doda Construction LC, led by Doug Meyer and Dave Bruning. Doda acquired the 2.75-acre development for $2.7 million in January 2014 from Family Center Properties LLC, led by Paschal Gagliardo.
Poultry Purchase
A 97,039-SF food processing plant in Little Rock tipped the scales at $2 million.
4701 Asher Avenue LLC, led by Mark Cusumano, CEO of FW Logistics of Centreville, Illinois, sold its namesake address, the former home of Odom’s Sausage.
The buyer is Custom Craft Poultry LLC, led by Randell Smith, Mitchell Massey and Michael Jones.
The deal is backed with a five-year funding agreement of $6.8 million from First National Bank of Paragould.
The 23.44-acre development was bought for $450,000 in July 2019 from Camino Real Foods Inc. of Vernon, California.
Arcade Square Sale
A 24,510-SF commercial project in west Little Rock changed hands in a $1.7 million deal.
Dukan Holdings LLC, led by Sadiq Ali and Murad Mandani, acquired the Arcade Square project at 11324 Arcade Drive from The Wilson Co., led by Janet Dillon.
The deal is financed with a five-year loan of $1.3 million from Farmers & Merchants Bank of Stuttgart.
The Wilson Co. purchased the 1.99-acre development for $2.2 million in October 2008 from Roach Ltd. No. 1, led by Gary Roach Sr.
Bear Den Estates
An 80-acre residential development in west Little Rock is in motion after a $1.19 million transaction.
Bear Den Development Co. LLC, led by Drew Holbert and Bradford Gaines, bought the land on the north side of Chenal Valley Drive at Gordon Road. The seller is Shinall Mountain Real Estate Trust, led by Jane Pouzar Terrell.
The deal is backed with a two-year funding agreement of $5.2 million from First National Bank. Emil and Elsie Pouzar assembled the land more than 65 years ago.
Industrial Space
Adjoining 10,400-SF industrial buildings in Sherwood rang up a $600,000 sale.
Allen Investment Group LLC, led by John Allen, purchased the projects at 5800 and 5850 Commerce Court from Rablaco & Carthage LLC, led by Mark Ramm.
The deal is financed with a five-year loan of $510,000 from Encore Bank of Little Rock.
The combined 2.19-acre site was bought for $152,000 in April 2000 from Sherwood Commercial Park Inc., led by Herbert Jones Sr.
Rural Land
A 120-acre agri tract in east Pulaski County is under new ownership after a $385,000 deal.
DWF Scott Property LLC, led by David Foster, acquired the mix of cropland and timber near the southeast corner of Wayne Road and Highway 161. The seller is Wildlife Ponds LLC, led by Thomas Darragh.
The deal is backed with a 10-year loan of $275,000 from AgHeritage Farm Credit Services of Little Rock.
The land was assembled in two deals with Gregory and Carolyn Tabor, $172,000 in August 2017; and Carl Campbell and Faye O’Kelley, $100,000 in October 2017.
Happy Transaction
A 12,000-SF retail center in the Oak Grove community west of North Little Rock sold for $370,000.
JH Mart Inc., led by Jongho Kim, bought the 11108 MacArthur Drive project from Happy Mart Inc., led by Eun Hee Park Yi. The seller provided a $300,000 mortgage to fund the deal.
Happy Mart acquired the 0.93-acre development for $450,000 in July 2010 from Hyung and Laurie Chung.
Robinwood Residence I
A 4,663-SF home in Little Rock’s Robinwood neighborhood drew an $875,000 transaction.
Scott and Emily Ryan purchased the house from Thomas and Anna Dickinson.
The deal is funded with a 30-year loan of $804,765 from BancorpSouth Bank of Tupelo, Mississippi.
The Dickinsons bought the residence for $810,000 in May 2017 from Elizabeth Gill.
Hillcrest Abode
A 3,594-SF home in the Hillcrest area of Little Rock changed hands in a $660,000 deal.
Katy Marino and Chris Liberto acquired the house from Martha and Tim Heiple. The deal is financed with a 30-year loan of $510,400 from Arvest Bank of Fayetteville.
The residence was purchased for $605,000 in June 2014 from Ebissa Williams II.
Bella View
A 4,811-SF home in the Bella View neighborhood of west Little Rock is under new ownership after a $645,000 deal.
Nasir Khan and Fareeha Nasir bought the house from the Raja Family Revocable Trust, led by Ali and Quratulain Raja. The deal is backed with a 30-year loan of $652,745 from Arvest Bank.
The residence was acquired for $553,000 in March 2011 from the Federal Home Loan Mortgage Corp.
Robinwood Residence II
A 2,947-SF home in Little Rock’s Robinwood neighborhood sold for $625,000.
Stuart and Elizabeth Rhodes purchased the house from Frank and Jill Lawrence. The deal is funded with a 30-year loan of $425,000 from Simmons Bank of Pine Bluff.
The Lawrences bought the residence for $417,000 in January 2003 from the Maxine B. Hamilton Trust.
The Maisons
A 4,342-SF home in The Maisons neighborhood of west Little Rock drew a $553,300 transaction.
Duane and Angela Birky acquired the house from Julius Petty III. The deal is financed with a 15-year loan of $442,640 from BancorpSouth Bank.
Petty purchased the residence for $551,000 in April 2016 from Kami and Michael Perkins.
Robinwood Residence III
A 3,633-SF home in Little Rock’s Robinwood neighborhood rang up a $539,900 sale
Melinda and Otis Marston Jr. bought the house from Stephen and Teresa Maxwell. The deal is backed with a 30-year loan of $431,920 from First Community Bank of Batesville.
The Maxwells acquired the residence for $499,000 in February 2006 from the Daniel Harold Daugherty Jr. Revocable Trust.
