Westpark Meadows Hosts $10.4M Sale (Real Deals)


Westpark Meadows at 1701 Westpark Drive in Little Rock.
Westpark Meadows at 1701 Westpark Drive in Little Rock. (Jason Burt)

A 250-unit apartment complex in Little Rock tipped the scales at $10.4 million.

Westpark Meadows Ltd., led by Geoffrey Thompson, sold its namesake apartment project at 1701 Westpark Drive to Interurban Westpark LLC, an affiliate of Interurban Cos. of Centennial, Colorado.

The deal is financed with a 12-year loan of $6.8 million from Orix Real Estate Capital LLC of New York. The 12.62-acre location was acquired for $32,500 in June 1964 from J.F. and Lila Spiegel. In a related transaction, Westpark sold an adjoining 0.51-acre parcel for $50,000 to Peakview Partners LLP, another Interurban affiliate.

Protho Manor Sale

Protho Manor at 1909 Hwy. 161 in North Little Rock. (Parcel lines are approximate and shown for illustration only.)
Protho Manor at 1909 Hwy. 161 in North Little Rock. (Parcel lines are approximate and shown for illustration only.) (PAgis / Mapbox)

A 104-unit apartment project in North Little Rock weighed in at $8.25 million.

Protho Manor Housing Partners Ltd., an affiliate of Seattle’s Vitus Group, bought its namesake complex at 1909 Hwy. 161. The seller is Intrepid Investments Inc., led by Carl Schultz.

The deal is funded with a five-year loan of $8.3 million from NEF Preservation Mortgage Fund Loan I LLC of Chicago.

Intrepid Investments acquired the 6.46-acre development for $2.5 million in February 2003 from Myrtle Henry.

Raising Cane's

A 3,162-SF restaurant in midtown Little Rock tipped the scales at $3.5 million.

Sentinel Peak Real Estate LLC of Englewood, Colorado, purchased the Raising Cane's at 620 S. University Ave. from Little Rock Midtown Ltd., an affiliate of Provident Realty Advisors of Dallas.

The 0.91-acre site was bought in October 2016 as part of Little Rock Midtown’s $44 million acquisition of the former Sears project and adjoining property from a pair of New York investment groups, Little Rock Medical Associates Ltd. and Little Rock Medical Associates IV LLC.

Rainwater Flats

A 12-unit apartment building in downtown Little Rock sold for $1.5 million.

Rainwater Flats LLC, led by Jill Judy and Mark Brown, acquired its namesake project at 519 E. Capitol Ave. The seller is Rainwater Apartments LLC, led by Jimmy Moses and Rett Tucker.

The deal is backed with a five-year loan of $1.2 million from Armor Bank of Forrest City.

The 0.26-acre development was purchased for $305,000 in January 2012 from Rainwater Holdings LLC, led by Frida Tirado.

Sand Transaction

More than 571 acres on the eastern edge of North Little Rock changed hands in a $1.15 million deal.

Jeffrey Sand Co., led by Clay McGeorge, bought the SWN Sand Co. property at 220 Sand River Road from A.W. Realty Co. LLC of Springs, Texas.

The land near the northeast corner of Faulkner Lake and Brett roads was assembled in two $3 million deals.

The sellers were FLRMC LLC, an affiliate of Little Rock’s Metropolitan National Bank in August 2008; and Isabelle Cooper Family Ltd., led by Monta Cooper Walker, Edward P. Cooper and Mary Cooper Moore and her husband, James, in September 2009.

Downtown Duo

Tandem transactions of an 18,950-SF office building and a nearby parking lot in downtown Little Rock added up to $800,000.

Haybar Properties LLC, led by Bryan Hosto, and Ferndale Cutoff LLC, led by Hank Kelley, purchased the 720 W. Third St. project for $600,000.

The two limited liability companies also purchased a 0.54-acre parking lot at the northwest corner of Third and State streets for $200,000. The seller in both deals is Shollmier LLC, led by Ken Shollmier.

The deal is financed with a pair of five-year mortgages totaling $400,000 held by Shollmier.

Shollmier acquired the 0.48-acre office development for $850,000 in July 2014 from the Arkansas Teacher Retirement System.

The parking land was bought for $262,000 in June 2014 from Rainwater Properties LLC, led by Hosto.

Advanced Redux

A former restaurant project in south Little Rock is undergoing redevelopment into an Advance Auto Parts in the wake of a $581,500 deal.

AAP-Little Rock 20 Ltd. of Fort Worth, Texas, acquired the former Denny’s at 4300 S. University Ave. from MLR Properties LLC, led by Yanir Zikri.

The deal is funded with a two-year loan of $2.3 million from Frost Bank of San Antonio, Texas.

The 1.46-acre development was purchased for $211,000 in April 2015 from National Retail Properties Ltd. of Orlando, Florida.

Warehouse Purchase

A 10,000-SF warehouse in North Little Rock rang up a $300,000 sale.

2340 Hudson Road LLC of Springfield, Missouri, bought the Golf Carts of Arkansas project at 6122 Carnegie Drive from S&R Family Realty LLC, led by Sharon and Ronald Fair.

The Fairs provided a seven-year loan of $1.7 million to back the deal.

The 0.75-acre development was acquired for $250,000 in June 2010 from Jim & Betty Rodgers LLC.

Ferndale Abode

A 6,941-SF home near Ferndale in west Pulaski County weighed in at $1.61 million.

Brent Medders purchased the nearly 13.3-acre spread from Kristen Fredrich. The deal is financed with a 30-year loan of $1.6 million from Bank of America in Charlotte, North Carolina.

The land was bought for $459,000 in June 2007 from Tolson Investments Inc., led by T.J. Tolson.

Deauville Place

A 7,378-SF home in west Little Rock’s Deauville Place drew an $819,000 transaction.

Exclusive Properties & Venues LLC, led by Amanda and Michael Johnson, acquired the residence from the bankruptcy estate of Shahlla Lone.

The deal is funded with a one-year loan of $830,200 from Park Place Finance LLC of Austin, Texas.

The location was purchased for $121,000 in August 2007 from El Dorado’s Deltic Timber Corp.

Englewood Home

A 6,199-SF home on the edge of the Prospect Terrace neighborhood is under new ownership after a $799,000 deal.

Jeff and Melanie Fox bought the house from Chris Maris Custom Homes & Remodeling LLC. The deal is backed with a 30-year loan of $192,000 from Eagle Bank & Trust of Little Rock.

The location was acquired in April 2020 for $260,000 from Pardo Properties LLC, led by Val Hansen.

Overlook Park

A 5,479-SF home in Little Rock’s Overlook Park neighborhood sold for $700,000. The Carol L. Foster Trust purchased the house from Donald Jack Jr.

The deal is financed with a 30-year loan of $548,250 from Regions Bank of Birmingham, Alabama.

Jack bought the residence for $579,000 in July 2001 from Stuart Harris.

Historic House

A 2,939-SF home in the Governor’s Mansion Historic District in Little Rock changed hands in a $650,000 deal.

Tara Tinnin acquired the house from the R.C. Smith Living Trust.

The residence was purchased for $374,000 in April 2016 from the Hartstein Living Trust, led by Carolyn and Peter Hartstein.

The Maisons

A 4,835-SF home in The Maisons neighborhood of west Little Rock rang up a $600,000 sale. Brian and Elizabeth Stiefvater bought the house from Paul and Heather Edwards.

The deal is funded with a 30-year loan of $405,000 from Bank of Little Rock Mortgage Corp.

The Edwardses acquired the residence for $615,000 in July 2014 from Eric and Kori Gordon.

PV Residence

A 3,881-SF home in west Little Rock’s Pleasant Valley neighborhood drew a $520,500 transaction. Brian and Augusta Andrews purchased the house from Bill and Velda Hudgens.

The deal is backed with a 30-year loan of $494,475 from Regions Bank.

The residence was bought in November 1994 for $228,000 from Anthony and Helene Riney.

Osage Falls

A 3,864-SF home in Maumelle’s Osage Falls neighborhood is under new ownership after a $500,000 deal.

Zachary and Annabeth Johnson purchased the house from the Andre C. Hutson Revocable Trust.

The deal is financed with a 30-year loan of $300,000 from Arkansas Federal Credit Union of Jacksonville. The loca-tion was bought for $62,000 in July 2001 from John and Jeanne Archer.

Home Sites Sold I

Thirty-eight residential lots in southwest Little Rock weighed in at $1.25 million.

Rausch Coleman Homes Little Rock LLC of Fayetteville bought the home sites in The Parks at Mann Road subdivision from Town Creek LLC, led by Rick Ferguson.

The deal is backed by an $80 million funding agreement with Texas Capital Bank of Richardson.

The land was purchased in June 2017 as part of a $415,193 deal with Mann Road Joint Venture, led by James Kincannon and Rick Ashley.

Home Sites Sold II

Thirty residential lots in North Little Rock changed hands in a $1.19 million deal.

Rausch Coleman Homes Little Rock acquired the home sites in the Woods at White Oak subdivision from Cypress Bay Development LLC, led by John Wright.

The land was bought in March 2009 as part of a $550,000 deal with Yong Ki and Ki Suk Kim.

Land Purchase I

A 5.39-acre property in west Little Rock sold for $700,000.

Tisdale Properties & Development LLC, led by Tracy Tisdale, purchased 17301 Kanis Road from the Grable Living Trust, led by Leslie Taylor.

The deal is funded with a one-year loan of $420,000 from Armor Bank.

The land was acquired for $5,500 in January 1966 from Ray and Gwen Fulmer.

Longboat Buy

A 11,144-SF office-warehouse property in downtown Little Rock drew a $503,927 transaction.

Longboat Properties LLC, led by Edward Walker and Murray Wells, bought the Dreamweavers project at 1200 Spring St. The seller is Haybar Properties.

The deal is financed with a four-year loan of $428,338 from Today’s Bank of Huntsville.

The 0.32-acre development was purchased for $425,000 in November 2016 from Walker-Wisdom LLC, led by Warren Walker and Bobby Wisdom.

Land Purchase II

A 6.98-acre parcel in west Little Rock rang up a $365,000 sale. LOML LLC, led by Matthew and Kelly White, acquired the land near the northwest corner of Cantrell Road and Tulley Cove. The seller is the Elsken Revocable Trust, led by Gretchen Gowan, Brigid Galloway, Katrina Muros and Mary Williams.

The land was assembled in two buys from H.S. Bierman, an undisclosed sum in November 1953; and Superior Federal Bank of Fort Smith, $9,000 in September 2000.

Big Rock Transaction

A 2,690-SF office building and 7,200-SF warehouse in Sherwood are under new ownership after a $229,000 deal.

Adam Coleman purchased the Big Rock Auto project at 10000 and 10006 Warden Road from Lantrip Business Park LLC, led by Todd and Joan Luth.

The deal is backed with a 16-year loan of $488,000 from First National Bank of Paragould.

The property was acquired in March 2016 for $245,000 from the Harvey & Vivian Fritts Family Trust.

Hostess Sale

A 14,240-SF bakery project in Little Rock changed hands in a $215,000 deal.

Creek View LLC, led by German Jimenez, bought the former Hostess Bakery at 6313 Geyer Springs Road.

The seller is Wonder Investments, a partnership led by Porter Brownlee and Richard Flowers.

The 0.89-acre development was resold for $215,000 to Madigo LLC, led by Bertha Guerra. The deal is funded with a five-year loan of $170,000 from Bank of Little Rock.

Wonder Investments purchased the property for $180,000 in June 1994 from Star Realty Fund 1972 Ltd. of Oklahoma City.

River Oaks

A 4,697-SF home in Little Rock’s River Oaks neighborhood tipped the scales at $1 million.

Gerald and Judith Jones acquired the house from Jeffrey Barber.

The residence was bought in June 1993 for $485,000 from Robert and Janice Laman.

Accadia Court

A 5,197-SF home in west Little Rock’s Accadia Court neighborhood sold for $750,000.

Rochelle and Michael Johnson purchased the house from Yongchang Wang and Si Chen. The deal is financed with a 30-year loan of $548,250 from Encore Bank of Little Rock.

The location was acquired in November 2015 for $103,5000 from Deltic Timber Corp. of El Dorado.

The Courts

A 5,726-SF house in The Courts neighborhood of west Little Rock drew a $649,900 transaction.

Ronnie and Carolyn Foreman bought the house from Jeff and Aliza Brown. The deal is backed with a 30-year loan of $548,250 from Primary Residential Mortgage Inc. of Salt Lake City.

The Browns purchased the residence for $493,000 in December 2010 from Jeffrey and Melida Formica.

Hickory Creek

A 4,079-SF home in west Little Rock’s Hickory Creek neighborhood rang up a $620,000 sale.

Dream Big Investments LLC, led by Marsha Martin, acquired the house from Diana Rothwell.

The location was bought for $90,000 in June 1992 from Gary France Inc.

Club House

A 2,928-SF home near the Country Club of Little Rock is under new ownership after a $550,000 deal.

Ramond Peeples III and his wife, Amy, purchased the house from Sandra Yeary.

The deal is funded with a 30-year loan of $548,000 from Regions Bank.

Yeary bought the residence in Feb-ruary 2015 for $550,000 from Stacy Sells.

Woodlands Edge

A 4,241-SF home in the Woodlands Edge neighborhood of west Little Rock change hands in a $520,000 deal.

Scott and Ann Wehrle acquired the house from James and Laura Graham. The deal is financed with a 30-year loan of $494,000 from Arvest Bank of Fayetteville.

The Grahams purchased the residence for $472,000 in November 2015 from Bret Franks Construction Inc.