Rausch Coleman Picks Up 77 Lots in North Little Rock


Rausch Coleman plans to develop 77 residential lots 1.5 miles west of the new White Oak Crossing interchange at Interstate 40.
Rausch Coleman plans to develop 77 residential lots 1.5 miles west of the new White Oak Crossing interchange at Interstate 40. (PAgis)

This week, we set the table of million-dollar real estate transactions with a six-piece arrangement.

► Rausch Coleman Homes Little Rock LLC of Fayetteville bought 77 lots in North Little Rock’s White Oak Crossing subdivision for more than $3.4 million from Northwood Creek LLC, led by David Haas, Steve Pascoe, Steve Molpus and Ray Clark.

► Woodridge Crossing Apartments LLC, led by Jeff and Ryan Aclin, sold its namesake 54-unit complex in southwest Little Rock for $2.8 million. Buyer: 9700 Baseline Road LLC, an affiliate of the Allen Harrison Co. of Houston.

► Remember back in late March and early April when we told you about a new Little Rock apartment project on the way south of the Tru Hilton at 11320 Bass Pro Parkway?

Sure you do.

The sale of that nearly 8.7-acre site closed recently at more than $1.6 million.

Gateway Woods LLC, an affiliate of Salter Properties in Conway, bought the location to develop its namesake 249-unit complex.

Seller: Gateway Creek LLC, led by Isaac Smith. Construction is backed with a 42-year loan of almost $33.3 million from Mason Joseph Co. of San Antonio.

► Rose One Food LLC, led by Gurpreet Singh, purchased the 4,752-SF Cana 3 Superstop at 3100 W. Roosevelt Road in Little Rock for $1.6 million. Seller? Han & Son Inc., led by Keong Son.

► Ran Hospitality Inc., led by Mukesh Patel, sold the 33-room Econo Lodge Inn & Suites at 9101 Mabelvale Pike in south Little Rock for more than $1.4 million.

Buyer? Shantikrupa LLC, led by Sajan, Ketankumar and Dipikaben Patel.

► Making Advances LLC, led by Wes Martin and John Hathaway, acquired the 11,037-SF Flowers Bakery project at 5750 Commerce Court in Sherwood for nearly $1.3 million.

Seller: 5750 Commerce Sherwood LLC, led by Adam Hart, Wes Martin and Aaron Nicholson.