Pulaski County Apartments Combine for $94.2M Sale


Pulaski County Apartments Combine for $94.2M Sale
The 260-unit Metropolitan at 75 Riverfront Drive in North Little Rock. (Google Maps)

► Affiliates of Hudson Advisors in Dallas bought three apartments from affiliates of American Realty Investors in Dallas for a total of $94.2 million.

The projects are: the 260-unit Metropolitan at 75 Riverfront Drive in North Little Rock, $44.3 million; the 240-unit Parc at Maumelle at 100 Park Drive in Maumelle, $32.1 million; and the 156-unit Capitol Hill at 15501 Capitol Hill Blvd. in Little Rock, $17.8 million.

►  E-Stem Public Charter Schools Inc. bought its 41,400-SF junior high building at 123 W. Third St. in downtown Little Rock for $4.5 million from Southern Landlord LLC, an affiliate of Arkadelphia’s Southern Bancorp.

► PotlatchDeltic Real Estate LLC, successor to El Dorado’s Deltic Timber Corp., sold a nearly 14.6-acre parcel at the northwest corner of Rahling Road and Chenal Drive in west Little Rock for more than $4.4 million.

Buyer: Chenal Property Investors V LLC, led by Leonard Boen.

► Christ Community Church of Little Rock purchased a nearly 21-acre tract at the northeast corner of Chenal Parkway and Chenal Valley Drive for $2 million from PotlatchDeltic Real Estate.