A 109-unit apartment complex in southwest Little Rock weighed in at $5.9 million.
Spanish Viento Apartments LLC, an affiliate of Cope Equities of Allen, Texas, sold its namesake project at 5701 Dreher Lane.
The buyers in an 88.7%-11.3% ownership split are Shakti Capital Dreher Holdings LLC and Coots Viento LLC, affiliates of Think Multifamily of Frisco, Texas.
The deal is backed with a $5.5 million loan from Bancorp Bank of Wilmington, Delaware.
Spanish Viento purchased the 4.48-acre development for $4.3 million in July 2019 from BBR Oil LLC of Iowa City.
Circle K Sale
A 3,600-SF convenience store in North Little Rock sold for $3.2 million.
Southernwood Condominium LLC, an affiliate of Triple S Properties of Spring-field, Missouri, bought the Circle K at 4300 E. Broadway.
The seller is Blue CK 4300 East Broadway LLC, led by Mike Kelly, Tom Jones, Tyler Pierce and Jared Coleman.
The deal is financed with a 25-year loan of $1.9 million from Hawthorn Bank of Jefferson City, Missouri.
The 0.83-acre site was assembled in two January 2021 deals with Shaky Investments LLC, led by Jason Hum, $110,000; and Conway’s Centennial Bank, $71,287.
A 413,321-SF warehouse in North Little Rock tipped the scales at $3 million.
OE Holding Co. LLC, led by Greg, Michael and Russell Oaks and Jonathan Engelkes, acquired the former Chicopee plant at 1301 E. Eighth St. The seller is Clifton Warehouse Leasing LLC, led by Norman Clifton.
The deal is supported by a four-year funding agreement of $6.4 million from First Service Bank of Greenbrier. Clifton Warehouse bought the 20.6-acre property in March 2012 as part of a $1.2 million deal with Chicopee Inc. of North Charleston, South Carolina.
A 2,400-SF piece of a Maumelle property changed hands in a $642,000 deal.
MFD Wallace Holdings LLC, led by Dustin Wallace, purchased The Medicine Shoppe space in the Maumelle Professional Building at 1701 Club Manor Drive.
The seller is Lyon Drug Co. Maumelle Inc., led by Brent Bradley. The deal is backed with a five-year loan of $545,700 from First Security Bank of Searcy.
The space was acquired for $370,500 in October 2001 from the Maumelle Professional Property Owners Association, led by Alan Winkler.
Circle K Build
Development of a Circle K is trailing the purchase of a 17.18-acre commercial tract in east Little Rock for $550,000.
Blue CK Lindsey Road LLC, led by Jared Coleman, bought the land at the southwest corner of Lindsey Road and Interstate 440. The seller is Clifton Family LLLP, led by Norman Clifton.
The deal is funded with a one-year loan of $3.8 million from ARTES Capital REIT I LLC, an affiliate of Artes Capital of Westlake Village, California.
Clifton Family purchased the land in November 2020 as part of a $280,500 deal with PPP Group A LLC.
The PPP Group investors have included Legacy Properties, led by Lynda Colvert; the Curtis H. Stout Revocable Trust, Edwin B. Cromwell, the Gertrude C. Levy Trust, the Mildred C. Cooper Trust, Patri-cia E. Cromwell Trust, T. Ray Cannon, trustee; and Jean Remmel Little, the Mary Remmel Wohlleb Trust, the Jared Jennings Lowry Trust, the Joshua Neal Lowry Trust, the Justin Cates Lowry Trust and the Raymond R. & Margarita G. Remmel Revocable Trust.
A 1,750-SF office building in west Little Rock rang up a $479,000 transaction.
Kanis Investment LLC, led by Hitesh and Narendra Patel, acquired the 12807 Kanis Road project. The seller is Ray-Meagan Properties Inc., led by Vanessa Crossfield.
The 2.85-acre property was bought for $250,000 in November 1997 from Guido and Diane Marongui.
A 9,408-SF office-warehouse in North Little Rock is under new ownership after a $460,000 sale.
Al-Joy Properties LLC III, led by Sam Emmerling, purchased the 5200 Crystal Hill Road project from Jimmy and Vanessa Crossfield and Ron and Virginia Keltner.
The deal is financed with a five-year loan of $425,000 from Little Rock’s Bank OZK.
The 2.28-acre location was acquired for $75,000 in November 2004 from Namiah Alley and Georgette Farhat.
A 2,998-SF Burger King in North Little Rock drew a $400,000 transaction.
John Borrow LLC, led by Faysal Ahmed and Mohammed Rahman, bought the 2505 Hwy. 161 project and an adjoining 11.27 acres from Ampler Development LLC of Austin, Texas.
The deal is backed with a five-year loan of $320,000 from Arvest Bank of Fayetteville.
The property was purchased in December 2020 as part of a $1 million deal with Allied Food Industries Inc. of Huntington, West Virginia.
A 1.5-acre commercial site in west Little Rock sold for $393,594.
KMorris LLC, led by Keith Morris, acquired the land at the northeast corner of Kanis and Atkins roads.
The seller is Kanis Road LLC, led by Leslye Flake Shellam. The property was bought for $98,000 in June 1999 from Edward Lile.
A 71,509-SF former elementary school in Little Rock changed hands in a $385,000 deal.
I-40 RV Land LLC, led by Paul Minton, purchased the one-time home of Franklin Elementary School at 1701 S. Harrison St. The seller is Community Health Centers of Arkansas Inc., led by Lanita White.
Community Health acquired the 9.07-acre property for $895,000 in August 2017 from the Little Rock School District.
North Street Land
A 0.44-acre parcel near Little Rock’s Episcopal Collegiate campus rang up a $300,000 sale.
Irwin Cantrell Properties LLC, led by Warren Stephens, bought the land at 1306 North St. The sellers are the McElderry Living Trust, led by Daniel McElderry II and Natasha McElderry; and Jonathan Lodge.
The property was purchased for $5,000 in August 2002 from Elizabeth Blass.
A six-unit apartment building in North Little Rock is under new ownership after a $280,000 deal.
LDG Holdings LLC of Pilot Hill, California, acquired the 4924 Francis St. project. The seller is Guzman Brothers LLC, led by Henry and Gerardo Guzman.
The 0.58-acre development was bought for $117,000 in December 2007 from Hulon and Cynthia Barker.
A 3,000-SF service garage in Jacksonville drew a $150,000 transaction.
Xpress Media Blasting LLC, led by John Barber, purchased the 1101 S. Redmond Road project. The seller is ACJ Rental Co. LLC, led by the Jerry A. Smith Sr. Family Trust.
The deal is funded with a five-year loan of $127,500 from Arkansas Bank & Trust of Jacksonville. The 0.61-acre location was acquired for $15,000 in September 1999 from Linda Ferstl.
A 6,134-SF home in west Pulaski County’s Waterview Estates neighborhood weighed in at $1.96 million.
Shay Zohar bought the house from William and Jessica Parkinson. The deal is financed with a 30-year loan of $1.4 million from Wells Fargo Bank of Sioux Falls, South Dakota.
The Parkinsons purchased the 2.2-acre site in a deal valued at $300,000 in November 2015. The seller was Waterview Estates Phase III LLC, led by Rick Ferguson.
Financial Park Place
A 32,767-SF office building in west Little Rock tipped the scales at $3.25 million.
Haybar Properties LLC, led by Bryan Hosto, acquired Financial Park Place at 11219 Financial Centre Parkway.
The seller is Acadia Properties LLC, led by Ali and Quratulain Raja. The deal is financed with a 30-year loan of $2.3 million from First State Bank of Lonoke.
The office space was assembled in deals with Hermitage Development Corp., led by Robert Vogel, $2.1 million in August 2021; LW Associates LLC, led by Drs. Robert Lehmberg and Raymond Wende, $365,000 in October 2015; and the estate of Glenn Lowitz and Larry Clarke, $98,000 in July 2015.
The 19,501-SF restaurant-anchored project in west Little Rock sold for $2.94 million.
Jalal J. Barakat Family Real Estate LLC, led by Jerry Barakat, purchased the home of Arthur’s Prime Steakhouse and Oceans at Arthurs at 16100 Chenal Parkway. The seller is Riverside Properties LLC, led by Lisenne Rockefeller.
The deal is backed with a five-year loan of $2.3 million from Arvest Bank.
Riverside acquired the 5.2-acre site in August 1999 as part of a $2.7 million deal with Shackleford Family Ltd., led by Scott and Johnnie Shackleford.
Tract Transaction I
A 79.23-acre tract on the edge of west Little Rock changed hands in a $2.65 million deal.
G&L Holdings LLC, led by Glenn and Lori Millner, bought the land on the north side of Denny Road near Chenal Elementary School. The seller is Timber Tract 10 LLC, led by George Gleason.
The property was purchased in May 2012 as part of a $2.6 million deal with Gold Family Properties LLC, led by Allan and Laura Gold.
Tract Transaction II
A 40-acre tract on the western edge of Little Rock rang up a $1.25 million sale.
PotlatchDeltic Real Estate LLC acquired the land adjoining the south side of Chenal Elementary School and the west side of the Wildwood Performing Arts Center from the estate of A.M. Morton.
The Morton family bought the property for an undisclosed sum in April 1912 from E.A. and Jennie Ervin.
A 6,250-SF commercial building in west Little Rock is under new ownership after a $600,000 deal.
H&E Equipment Services Inc. of Baton Rouge purchased the Sunbelt Equipment project at 11618 Otter Creek South Road from Vereit Real Estate Ltd. of Phoenix.
The 1.77-acre development was acquired for $1.2 million in June 2004 from Rogers Warehouse Development LLC of Columbus, Kansas.
A 10.1-acre parcel in west Little Rock drew a $595,000 transaction.
Phillips Development Corp., led by Amanda Raible, bought the land at 4124 S. Shackleford Road from Cadence Bank of Tupelo, Mississippi.
The bank recovered the property at a $520,513 foreclosure sale in October 2021 from City of Grace, led by Steven Arnold.
Five duplexes in North Little Rock sold for $450,000.
Piney Creek Properties LLC, led by Gary Wilbanks, purchased the apartments at 5716, 5800, 5808, 5816 and 5824 Sonora Drive from Keith and Melanie Jackson.
The deal is funded with a five-year loan of $450,000 from First State Bank of Russellville. The Jacksons acquired the duplexes for $205,000 in September 2003 from Jean Jewell.
A 15.09-acre parcel was added to the Little Rock Port Industrial Park in a $375,000 deal.
The city of Little Rock bought the land near the northwest corner of Thibault and Zeuber roads from Steel Properties Land Co. LLC, led by Jeff Weatherly.
The property was purchased for $93,000 in October 2011 from Salmon Holdings LLC, led by Bonnie Harvey.
A 1.18-acre commercial site in North Little Rock changed hands in a $191,500 sale. LHW Properties LLC, led by Howard Wiechern, acquired the land on the north side of Northshore Place.
The seller is Sanders Plumbing Inc., led by John McCormack. The deal is financed with a one-year loan of $175,000 from Encore Bank of Little Rock.
Sanders bought the property for $175,000 in January 2021 from Magna Six Investments LLC, led by Jeff Ward.
A 3,235-SF high-rise home in downtown Little Rock weighed in at $1.4 million. The Judy A. Busbey Revocable Trust purchased the 10th-floor condo in The Residences at Building 5 from The Mounds II LLC, led by Chris Robertson.
The deal is backed with a 30-year loan of $1.4 million from Arvest Bank. The residence was acquired for $1.4 million in August 2013 from Arkansas Riverview Development LLC, led by Brad Canada.