Playtime Property Draws $5.7M Sale (Real Deals)


Playtime Property Draws $5.7M Sale (Real Deals)
Playtime Pizza at 600 Col. Glenn Plaza Loop in Little Rock (Google Maps)

A 70,000-SF former entertainment project in west Little Rock tipped the scales at $5.7 million.

LL Ark Properties LLC, an affiliate of Luther Automotive Group of St. Louis Park, Minnesota, bought the one-time home of Playtime Pizza at 600 Col. Glenn Plaza Loop. The seller is Playtime Partnership LLC, led by the Steven J. Landers Family LLLP and the Steven C. & Kimberly K. Hockersmith Family Trust.

Playtime Partnership acquired the 8.05-acre location for $2.7 million in March 2007 from Glenn Ridge Crossings LLC, led by Hockersmith, and LLEJ IV LLC, led by Leonard Boen.

Simmons Plaza

Ownership of a 43,172-SF office building in west Little Rock shifted in a $3.69 million transaction.

Karen Flake and her FW Holdings Research Properties LLC purchased a combined 36.8% stake in the Simmons Plaza at 4220 N. Rodney Parham Road.

The sellers are the Doyle W. Rogers Sr. & Josephine Raye Rogers Joint Revocable Trust, a 33.5% stake for $3.35 million; and Hank Kelley, a 3.3% stake for $335,579. The 2.46-acre site was bought for $1.2 million in July 2001 from LRFP Land LLC, led by Dr. R. Stephen Tucker.

Warehouse Purchase

A 72,720-SF warehouse in Little Rock weighed in at $3.5 million.

SH Warehouse LLC, an investment group led by Isaac Smith, acquired the 6801 Scott Hamilton Drive project from Gershman Properties LLC of Los Angeles.

The deal is financed with a five-year loan of $1.6 million from First Security Bank of Searcy.

The 4.88-acre development was purchased for $1.7 million in September 1994 from JSC-Arkansas Inc., led by Lewis Shaw II.

Clinical Transaction

A 7,125-SF clinic in Little Rock rang up a $3.04 million sale.

SMBC Leasing & Finance Inc. of New York bought the 5320 W. 12th St. project from WOMOB Fresenius Little Rock LLC, an affiliate of White Oak Healthcare MOB REIT in New York.

WOMOB acquired the 0.96-acre development for $2.3 million in March 2021 from OREOF19 BR LLC, an affiliate of Orion Investment & Management Ltd. of Miami.

Office-Warehouse Buy I

A 42,128-SF office-warehouse in North Little Rock changed hands in a $2.35 million deal.

Rogers River Holdings LLC, led by Jonathan Rogers, purchased the 16 Maumelle Curve Court project from Little Rock’s Eagle Bank & Trust.

The bank recovered the S&G Distributors project from the William Clark Fitts Jr. & Sharon Inge Fitts Joint Revocable Trust at a $2.1 million foreclosure sale in December 2020.

Rogers River also acquired an adjoining 0.61-acre parcel for $250,000 from NSF LLC, led by Richard Akel. NSF bought the land in May 2015 as part of an $805,000 deal with ISB Properties LLC of Baton Rouge.

Office-Warehouse Buy II

An 11,134-SF office-warehouse in North Little Rock drew a $650,000 transaction.

Clifton Warehouse Leasing LLC, led by Norman Clifton, acquired the Fleetpride project at 7800 Industry Drive. The seller is House Properties Inc., led by Barbara House.

The 1.03-acre site was purchased in August 1996 as part of a $224,000 deal with the Herschel Friday estate, William and Peggy Sutton, William and Elizabeth Terry, William and Kay Patton, William and Mary Lou Cravens and Oaklawn Jockey Club Inc., led by Charles Cella.

Convenient Acquisition

A Sherwood convenience store is under new ownership after a $550,000 deal.

Aziz Lalani, Rahim Matani and Nazim Ali bought the ECS Quick Stop & Shop at 3011 E. Kiehl Ave. and an adjoining 1,500-SF office building from JWJ Investments LLC, led by Steven Jenkins.

JWJ acquired the 1.02-acre development for $150,000 in February 2020 from Arafat Filat.

Orle Residence

A 5,786-SF home in west Little Rock’s Orle neighborhood tipped the scales at $1.37 million.

The Paladino Family Trust, led by Timothy and Alicen Paladino, purchased the house from the Roberson Revocable Trust, led by Ronald and Patricia Roberson.

The deal is funded with a 30-year loan of $1.1 million from Riverside Mortgage Co. of Little Rock.

The site was bought for $167,000 in May 2007 from Deltic Timber Corp. of El Dorado.

Heights Home

A 3,960-SF home in the Heights area of Little Rock rang up a $1.2 million sale.

James and Leslie Cain acquired the house from Riverside Bank of Sparkman.

The deal is backed with a one-year loan of $960,000 from Riverside Mortgage Co.

Riverside Bank recovered the residence at a $624,265 foreclosure sale in July 2021. The previous owner was Healthy Investments LLC, led by Pittman Moore.

Ferndale Suburbs

A 4,040-SF residence in west Pulaski County near Ferndale weighed in at $1.04 million.

Kent and Michelle Krause bought the 26.49-acre spread from Ray Bradshaw. The deal is financed with a 15-year loan of $340,000 from Simmons Bank of Pine Bluff.

Bradshaw acquired the land for $230,000 in June 1998 from Harold Grimmett Jr. and Francine Sandusky.

Carmel Purchase

A 6,355-SF home in west Little Rock’s Carmel neighborhood was purchased for $1.22M.

The Rod & Shirley Romilly Family Trust and Iva McKinnie bought the home from John and Elizabeth Downes.

The Downes family acquired the residence for $925,000 in August 2003 from Debra and D.C. Morrison.