Rahling Circle Offices Sell for $3.7 Million

Rahling Circle Offices Sell for $3.7 Million
The building at 40 Rahling Circle in Little Rock (Moses Tucker Partners)

This week’s strand of million-dollar real estate transactions starts off with a west Little Rock project.

► Valen Harris Inc., led by Greg Cunningham, sold an 8,798-SF office building at 40 Rahling Circle for more than $3.7 million.

Buyer: Foxden Capital LLC, led by Todd and Amanda Denton.

► Karen Flake and her FW Holdings Research Properties LLC bought a combined 33.5% stake in the 43,172-SF Simmons Plaza at 4220 N. Rodney Paruham Road in west Little Rock for more than $3.3 million.

Seller: The Doyle W. Rogers Sr. & Josephine Raye Rogers Joint Revocable Trust.

WOMOB Fresenius Little Rock LLC, an affiliate of White Oak Healthcare MOB REIT in New York, sold a 7,125-SF clinic at 5320 W. 12th St. in Little Rock to SMBC Leasing & Finance Inc. of New York for more than $3 million.

► Rogers River Holdings LLC, led by Jonathan Rogers, acquired a 42,128-SF office-warehouse at 16 Maumelle Curve Court in North Little Rock from Eagle Bank & Trust in Little Rock for more than $2.3 million.

► Colonel Glenn Storage Center LLC, led by Russell Hall, sold its namesake 98-unit mini-storage project at 10315 Col. Glenn Road in west Little Rock for more than $2.2 million.

Buyer? SEP Colonel Glenn LLC, an affiliate of Stoic Equity Partners of Daphne, Alabama.

► Keltner Properties Corp., led by Ron Keltner, purchased the 9,040-SF Dollar General at 15616 Alexander Road in Alexander for nearly $1.4 million.

Seller? ZTB Development LLC of Saint Clairsville, Ohio.

► Michael and Shelli Stine sold their 5,795-SF home in west Little Rock’s Hallen Court neighborhood to Robert and Caroline Fow for more than $1.3 million.

► The Rod & Shirley Romilly Family Trust and Iva McKinnie bought a 6,355-SF home in west Little Rock’s Carmel neighborhood from John and Elizabeth Downes for more than $1.2 million.

► Willow Management LLC, an affiliate of the Wilcox Family Trust, led by Shirley Wilcox, sold 361 acres in east Pulaski County for more than $1.2 million.

Who bought the land south of Faulkner Road on the east side of the Faulkner Crossing subdivision? Middleton Brothers Trucking Inc., led by Richard Middleton.

► James and Leslie Cain acquired a 3,960-SF home in the Heights area of Little Rock from Riverside Bank of Sparkman for $1.2 million.

► Ridgewood Timber Corp., led by Derrick Spinks, sold 310 acres in south Pulaski County, 1.3 miles west of the Hensley community, for $1 million.

Buyer: Clear Creek Woodlands LLC, an affiliate of Timberland Investment Resources in Atlanta.

Kum & Go Sold Again

The proposed Kum & Go convenience store on Martin Luther King Jr. Boulevard in Fayetteville has changed hands again in a sale-leaseback.

The parent company of the Des Moines, Iowa, chain bought the property for more than $1.6 million just a couple of months ago after a legal challenge to the land was resolved.

Kum & Go sold it to a Fayetteville real estate developer for $6.9 million, and then the two sides agreed to a 20-year lease that begins the day the store opens for business.

Leonard Boen of Fayetteville, through his KG Fayetteville 425 LLC, bought the property. Simmons Bank of Pine Bluff provided a loan of $4.7 million.

The site was the longtime home of a Blockbuster Video store — how’s that for history — before a moving company moved in. Two years ago, Kum & Go attempted to buy the property from restaurateurs William Rodney Coats and Brian Smith.

The sale was held up when a neighboring hotel owner, Janak Patel, filed for an injunction in a property dispute, he said. The issue was resolved earlier this year.

A previous version of this story used an incorrect photo of the office building at 40 Rahling Circle in Little Rock.