Breckenridge Village: New Faces Pay $11.3M (Real Deals)

Breckenridge Village: New Faces Pay $11.3M (Real Deals)
A group led by the Keet family bought a controlling interest in Breckenridge Village, a west Little Rock shopping center at 10301 N. Rodney Parham Road.
(Google Maps)

The sale of a 125,505-SF retail center in west Little Rock weighed in at $11.32 million.

KBK-Breck LLC, led by James Keet III, purchased a controlling interest in Breckenridge Village at 10301 N. Rodney Parham Road from a local investment group.

The sellers were Karen and John Flake, 38.6% for $5.23 million; D. Briggs & Associates LLC, led by Bo Briggs, 18.6% for $2.53 million; George and Rebecca Wells, 14.5% for $1.96 million; Hank Kelley Jr. and his wife, Stephanie, 3.6% for $495,000; the estate of Rogers Cockrill and Central Properties Inc., led by Karen Flake, each with 3% for $402,614; and the Donald T. Jack Revocable Jr. IRA, 2.3% for $297,785.

Staying aboard in the ownership mix are D. Briggs & Associates and the Kelleys. The deal is financed with a five-year loan of $11.9 million from Relyance Bank of White Hall.

The 11.71-acre Breckenridge Village development was acquired for $4.2 million in October 1986 from Harn Corp. of Monroe, Louisiana.

Space Center

A 310,000-SF warehouse project in south Little Rock tipped the scales at $8.5 million.

BH Property West 65th LLC of Bergenfield, New Jersey, bought the Space Center at 1900 W. 65th St. from Cameron Commercial Properties LLC, led by Robert Cameron.

The deal is funded with a $6.5 million loan from Cadence Bank of Tupelo, Mississippi.

Cameron Commercial purchased the 13.21-acre development for $2 million in April 2014 from Capital Properties LLC, led by Gus Blass III.

Breckenridge Square

An 88-unit apartment complex in west Little Rock rang up a $4.3 million sale.

OBH Breckenridge LLC of Lakewood, New Jersey, acquired Breckenridge Square Apartments at 1001 Breckenridge Drive from Stash Properties LLC, led by Ricky Starks and Jennifer Cash.

The deal is backed with a two-year loan of $5.1 million from LendingOne LLC of Boca Raton, Florida.

Stash Properties bought the 4.83-acre development for $2.7 million in March 2011 from Breckenridge Associates II Ltd., an affiliate of The Omnicorp Group in Atlanta.

Jacksonville Retail

A 108,065-SF retail center in Jacksonville drew a $3.3 million transaction.

Arkansas Commercial LLC, an affiliate of Real Estate National in Riviera Beach, Florida, purchased the Jacksonville Center at 638 W. Main St. The seller is Sen-tech Holdings LLC, led by Michael Sentell.

The deal is financed with a 20-year loan of $2.6 million from Cadence Bank.

The 8.09-acre development was acquired for $2.2 million in April 2008 from MJMJ LLC, led by James Peacock.

Quality Transaction

A 118-room hotel in North Little Rock sold for $2.37 million.

Sadguru Krupa LLC, led by Jaiminbhai Patel and Yatin Patel, bought the Quality Inn & Suites at 500 W. 29th St., funded with a $2.2 million loan from Bodcaw Bank of Stamps. 

The seller is Little Ark Hospitality Inc., led by Amrut Patel. The corporation purchased the 1.99-acre development for $1.3 million in July 2012 from Zions First National Bank of Salt Lake City.

Office Purchase

A 5,400-SF office building in Sherwood changed hands in a $530,000 deal.

Adam B. Coleman Family Farms LLC acquired the Shields Professional Building at 7600 Hwy. 107 from Keltner Oil Co., led by Ronald Keltner.

The deal is backed with a 15-year loan of $450,500 from First National Bank of Paragould. The 0.37-acre development was bought for $525,000 in December 2005 from Shields Management LLC, led by W.M. and Toni Shields.

Port Project

A 6,300-SF service garage in the Little Rock Port Industrial Park is under new ownership after a $475,000 transaction.

TForce Properties Inc., an affiliate of TFI International in Montreal, purchased the 7414 Sloan Drive project.

The seller is Arkansas Investments LLC, led by Robert Schilli of St. Louis.

Arkansas Investments acquired the 2-acre development for $200,000 in February 2001 from Fine Properties Trust, led by J.O. and H.F. Fine.

Commercial Land

A 1.61-acre parcel in North Little Rock rang up a $398,000 sale.

Creekwood Crossing LLC, led by Mark Albright and Lee Tuxhorn, bought the land near the southwest corner of White Oak Crossing and White Oak Lake Drive. 

The seller is Northwood Creek LLC, led by Davis Haas.

The deal is financed with a one-year loan of $338,300 from First Community Bank of Batesville.

Northwood purchased the land in September 2008 as part of a $565,000 deal with Jimmy Greenfield Sr. and his wife, Karen.

Car Wash

A 2,642-SF car wash in west Little Rock drew a $325,000 transaction.

JLB Car Wash LLC, led by John and Lisa Burns, acquired the Mr. Tidy Express Carwash at 8100 W. Markham St. from William Barbee.

The deal is funded with a five-year loan of $350,000 from Armor Bank of Forrest City.

Barbee bought the 0.53-acre development for $435,000 in September 2016 from the Debora K. Cook Trust.

Warehouse Buy

A 10,780-SF warehouse in southwest Little Rock sold for $185,000.

Nablus Center LLC, led by Amjad Kattom, purchased the 6015 Mitchell Drive project.

The seller is Frazier Properties LLC, led by Alice Pisano.

The 0.74-acre development was acquired for $125,000 in June 1978 from Dan and Jeri Fowler.

Valley Falls Estates

A 5,826-SF home in west Little Rock’s Valley Falls Estates neighborhood weighed in at $1.5 million.

William Roehrenbeck and Elizabeth Sullivan bought the house from CBM Appraisals Inc., led by Chris Maris.

The deal is backed with a 25-year loan of $1.2 million from Regions Bank of Birmingham, Alabama.

The location was purchased for $345,000 in August 2019 from Rick and Deanna Ferguson.