A 262-unit apartment complex in the Riverdale area of Little Rock weighed in at $54.45 million.
Passco Riverhouse DST, an affiliate of Passco Cos. of Irvine, California, purchased Riverhouse Apartments at 1200 Brookwood Drive.
The seller is Riverhouse/ML-BWP LLC and Riverhouse/1031 LLC, affiliates of Carter-Haston Holdings of Nashville, Tennessee.
The deal is financed with a 10-year loan of $31.6 million from KeyBank of Cleveland.
The 7.82-acre development was acquired for $39.6 million in December 2015 from Riverdale Residences LLC, an affiliate of LIV Development of Birmingham, Alabama.
Circle K Sale
A 4,800-SF convenience store in west Little Rock rang up a $5.28 million sale.
WNR10-Shelbyville LLC and Champion Gas LLC, both of Mount Juliet, Tennessee, bought the Circle K at 10200 N. Rodney Parham Road from FRG Little Rock LLC, an affiliate of Fulton Realty Group of New York.
The deal is backed by a five-year loan of $3.4 million from First Citizens Bank of Mason City, Iowa.
FRG purchased the 0.65-acre development for $4.4 million in December 2020 from Rodney Parham CK LLC, led by Chris Moses.
Office Transaction I
An 8,798-SF office building in west Little Rock tipped the scales at $3.75 million.
Foxden Capital LLC, led by Todd and Amanda Denton, acquired the 40 Rahling Circle from Valen Harris Inc., led by Greg Cunningham.
The deal is funded with a five-year loan of $3.3 million from First Security Bank of Searcy.
Van Harris bought the 1.45-acre site for $697,000 in December 2018 from PotlatchDeltic Real Estate LLC.
Stoic Acquisition
A 98-unit mini-storage project in west Little Rock drew a $2.22 million transaction.
SEP Colonel Glenn LLC, an affiliate of Stoic Equity Partners in Fairhope, Alabama, purchased the 10315 Col. Glenn Road project. The seller is Colonel Glenn Storage Center LLC, led by Russell Hall.
The deal is financed with a five-year loan of $4 million from First Commercial Bank of Jackson, Mississippi.
Colonel Glenn Storage acquired the 3.58-acre site in June 2017 from C-K Shack Properties LLC, led by Stephen LaFrance Jr.
Dollar Development
A 9,040-SF Dollar General in Alexander sold for $1.39 million.
Keltner Properties Corp., led by Ron Keltner, bought the 15616 Alexander Road project from ZTB Development LLC of Saint Clairsville, Ohio.
The deal is backed with a five-year loan of $400,000 from Arvest Bank of Fayetteville.
ZTB Development purchased the 0.98-acre development for $1.4 million in March 2021 from PB General Holdings (Alexander II) LLC, led by Scott Proctor and Leonard Boen.
Clean Purchase
A Suds Car Wash in North Little Rock changed hands in a $985,000 deal.
7B Partners LLC, led by Brandon Sebald and Eric Boen, acquired the 11921 Maumelle Blvd. project from Maumelle Autowash LLC, led by Larry Middleton.
The deal is funded with a five-year loan of $1.1 million from First State Bank of Russellville.
Maumelle Autowash bought the 0.92-acre development for $475,000 in March 2011 from Centennial Bank of Conway.
The bank recovered the property in March 2011 as part of a $1.18 million foreclosure sale. The former owner was McDaniel & Co. LLC, led by T.J. McDaniel.
Convenient Buy I
A 2,126-SF convenience store in Sherwood is under new ownership after a $750,000 transaction. Nura LLC, led by Nooruddin Pabni, Nadiya Mandani and Kamaluddin Charaniya, purchased the 4600 E. Kiehl Ave. project from Bok Soon Kim.
The deal is financed with a five-year loan of $637,500 from First Security Bank.
Kim acquired the 1.17-acre development for $678,000 in April 2006 from Caladon Inc., led by Gary Freeman.
Warehouse Property
A 10,000-SF warehouse in North Little Rock rang up a $540,000 sale.
Whitman LLC, led by Ryan Meyer, bought the Golf Carts of Arkansas project at 6122 Carnegie Drive. The seller is 6122 Carnegie Properties LLC, led by Chris Moses and Todd Stewart.
The deal is backed with a 20-year loan of $430,000 from Cadence Bank of Tupelo, Mississippi.
The 0.75-acre development was purchased for $450,000 eight months ago from 2340 Hudson Road LLC, led by Jerry Marti.
Convenient Buy II
A 1,728-SF convenience store in North Little Rock drew a $390,000 transaction.
2511 Highway 161 LLC, led by Amanullah Devji, acquired its namesake address from Param Lubana.
The deal is funded with a five-year loan of $552,000 from Little Rock’s Bank OZK.
Lubana bought the 0.42-acre development for $290,000 in July 2013 from Justin Kim.
Field Shop Redo
A 3,900-SF commercial building in southwest Little Rock sold for $175,000.
Mr. Clean Services Inc. and Oasis Cantina & Bar Inc., both led by Atilio Garcia, purchased the 5507 Geyer Springs Road project from The Field Shop Inc., led by Kris Reed.
The deal is financed with a one-year loan of $140,000 from Bank OZK.
The Field Shop acquired the 0.83-acre development for $60,000 in February 1999 from the estate of Maggie Lorene Wilson.
Valley Falls Estates
A 10,849-SF home in the Valley Falls Estates neighborhood of west Little Rock weighed in at $1.85 million.
AA Properties LLC, led by Syed Samad, bought the residence from Westwood Real Estate Development Co. LLC, led by Steve Wortman.
The deal is backed with a five-year loan of $1.5 million from Bank of Little Rock.
The 1.67-acre location was purchased for $1.2 million in October 2005 from VFE Inc., led by Rick Ferguson.
Shadowlawn Abode
A 4,881-SF home in Little Rock’s Shadowlawn neighborhood tipped the scales at $1.39 million.
Melissa and Matthew Katz acquired the house from Jeff Fuller Homes LLC. The deal is funded with a 30-year loan of $1.3 million from First Horizon Bank of Memphis.
The location was bought for $435,000 in September 2020 from Gary and Allison Nash.
Hallen Court
A 5,795-SF home in west Little Rock’s Hallen Court neighborhood changed hands in a $1.34 million deal.
Robert and Caroline Fow purchased the house from Michael and Shelli Stine.
The deal is financed with a 30-year loan of $1 million from FirstTrust Home Loans Inc. of Sheridan.
The Stines acquired the location for $120,000 in July 2019 from Rebecca Rice.
Commercial Site
A nearly 14.6-acre parcel in west Little Rock is under new ownership after a $4.41 million transaction.
Chenal Property Investors V LLC, led by Leonard Boen, acquired the land at the northwest corner of Rahling Road and Chenal Drive. The seller is PotlatchDeltic Real Estate LLC, successor to El Dorado’s Deltic Timber Corp.
The deal is backed with a three-year loan of $1.9 million from Simmons Bank of Pine Bluff. The land was bought as part of the $1.2 billion merger of Potlatch Corp. of Spokane, Washington, and Deltic Timber in December 2018.
Government Investment
A 31,772-SF medical office building in Little Rock rang up a $3.7 million sale.
GIP Little Rock LLC, an affiliate of Government Investment Partners of Deer Park, Illinois, purchased the Dennis Developmental Center at 1301 Wolfe St. from WSCamp LLC, led by Carl Schultz.
The deal is funded with a five-year loan of $2.7 million from Town & Country Bank of Springfield, Illinois. WSCamp acquired the 0.37-acre development for $3.2 million in October 2015 from The Arc Arkansas, led by R.H. Blair.
Starbucks Sale
A Starbucks in southwest Little Rock drew a $2.04 million transaction.
SB Little Rock 2022 LLC of Little Silver, New Jersey, bought the 8001 Geyer Springs Road project from East End Wash Group LLC, led by Edward Bailey.
The deal is financed with a 10-year loan of $1.2 million from TruStone Financial Credit Union of Plymouth, Minnesota.
East End purchased the 0.51-acre location for $525,000 in October 2019 from Sudsy Car Wash LLC, led by Tracy Tisdale.
Office Transaction II
A 10,637-SF office building in Little Rock sold for $1.55 million. ARM Claims Inc., led by Kenneth Hansen, acquired the home of Affirmative Risk Management at 4016 Stannus St.
The seller is Pollack Realty LLC, led by Mark Pollack. The 1.3-acre property was assembled in three deals with Westwood Lodge No. 353, led by Pat Carpenter and Billy Ellis, $140,000 in April 2006; Centennial Bank of Conway, $20,000 in September 2017; and Dorothy Jackson, $17,000 in September 2017.
Ministry Development
A church-office-daycare complex in southwest Little Rock changed hands in a $1.15 million deal. FCC Ministry & Community Development Inc., led by Kevin Kelly, purchased the four buildings totaling 32,180 SF at 8923 Sunset Lane.
The seller is Kidz Palace Therapy LLC, led by Gregory and Gwenevere Plunkett.
The deal is backed with a three-year loan of $1.1 million from Simmons Bank.
Kidz Palace acquired the property for $407,247 in November 2018 from Exalters of Christ Ministries International, led by Roderick McFadden.
Holody Building
An 8,532-SF mixed-use building in midtown Little Rock is under new ownership after a $950,000 transaction.
6301 C St. Little Rock LLC, led by Anthony Merrill, bought its namesake address, home to the Holody Building.
The seller is Charter Oak LLC, led by Donald Mannix Jr. and Melissa Mannix.
The deal is financed with a three-year loan of $991,000 from Arkansas Federal Credit Union of Little Rock. The 0.31-acre site was purchased for $6,000 in January 1968 from Lora Marling.
Estates Transaction
Land for the 16-lot Carter Lane Estates development rang up a $750,000 sale.
The Struggle Is Real LLC, led by Lee Maris and Adam Ingram, acquired the 4109 and 4123 Carter Lane property from Westrock Co., led by Jon Teague; and Robert Teague.
The project is funded with a one-year loan of $1.5 million from Southern Bancorp Bank of Arkadelphia.
The Teague family bought the 4.83-acre property for $8,350 in September 1969 from Wallace and Lou Dellinger.
Convenient Buy
A 1,000-SF convenience store in southwest Little Rock drew a $330,000 transaction.
Sharmin and Aziz Farishta purchased the Geyer Springs Foodmart at 7520 Geyer Springs Road from ABDTD Investments LLC, led by Satbal Kamboj.
The deal is funded with a five-year loan of $264,000 from Malvern National Bank. ABDTD acquired the 1.03-acre development for $110,000 in February 2013 from CDW Investments LLC, led by Mary Ann Dawkins.
Gospel Acquisition
A 2.01-acre property in the Morgan community of north Pulaski County sold for $175,000.
The Rev. Rocky Hickman and Full Gospel Church at Morgan bought the land at the southeast corner of MacArthur Drive and Marche Road from Jerry Ford and Lamonda Corder.
Ford and Corder purchased the property for $250,000 in July 2017 from Kenneth and Jarla Collier.
Chenal Purchase
A 2.24-acre future branch site at the southwest corner of Chenal Parkway and St. Vincent Way in west Little Rock was purchased for $2.94 million by Arvest Bank from Bella Casa LLC, led by Terry Fleming.
The land was purchased in September 2019 as part of a $3.7 million deal with PotlatchDeltic Real Estate LLC.
