A 128-unit apartment complex in west Little Rock tipped the scales at $14.9 million. WI Retreat at Chenal LLC, an affiliate of Worcester Investments in Kansas City, Missouri, bought its namesake project at 24800 Chenal Parkway.
The seller is Chapel Ridge Stanev AR LLC, an affiliate of Read Property Group in Brooklyn, New York.
The deal is funded with a 10-year loan of $12.2 million from American National Bank of Omaha, Nebraska.
Chapel Ridge Stanev acquired the 7.11-acre development for $8 million in September 2016 from Little Rock Housing Associates Ltd., an affiliate of Denver’s Alden Torch Financial.
Rental Transaction
A 27,426-SF equipment rental facility in Little Rock weighed in at $3.37 million.
The Family Trust of Robert Eric Jimenez & Rachel Roselyn Jimenez of Riverside, California, purchased Ahern Rentals at 9110 Interstate 30. The seller is TCIH-AH LLC, an affiliate of the Stan Johnson Co. in Tulsa.
The limited liability company bought the 3.44-acre development for $2.7 million in December 2021 from DFA LLC of Henderson, Nevada.
Warehouse Purchase
A 25,570-SF warehouse in the East Village area of Little Rock rang up a $1.8 million sale.
ASBE Real Estate LLC, led by John Conner III, Walter Howard Jr. and Robert Hall Jr., acquired the 1520 E. Fourth St. project from East Coast Metal Distributors LLC of Durham, North Carolina. The deal is financed with a five-year loan of $1.6 million from First Horizon Bank of Memphis.
The 2.09-acre development was purchased for $277,000 in April 1996 from Three States Supply Co. of Memphis.
Girl Scouts Sale
A 12,150-SF office building in west Little Rock drew a $1.5 million transaction.
11311 Arcade Drive LLC, led by Cory Davis, bought its namesake address from Girl Scouts-Diamonds of Arkansas, Oklahoma & Texas, led by Dawn Prasifka.
The Girl Scouts acquired the 0.57-acre development for $945,000 in January 2015 from Arcade Building LLC, led by James Carney Jr. and Hank Bates.
Multifamily Buy
A 14-unit apartment project in downtown Little Rock sold for $800,000.
Roma Investments LLC, led by Stefano Santamaria, purchased Courtyard Apartments at 900 W. Third St., from Ferdowsian Properties LLC, led by Vafa Ferdowsian.
The deal is backed with a one-year loan of $600,000 from Westmount LLC and the Carnahan Trust, led by John Carnahan.
Ferdowsian Properties bought the 0.32-acre development for $780,000 in March 2021 from Fason Properties LLC, led by Brian Fason.
Dining Domain
A 3,400-SF restaurant location in downtown is under new ownership after a $675,000 deal.
Hollyland Group Properties LLC, led by Boaz Tjhin, acquired the former Haybird space in the Pyramid Place Building at 221 W. Second St.
The seller is Chang You Inc., led by Eun You. The deal is funded with a five-year loan of $534,469 from First Community Bank of Batesville.
Chang You purchased the property for $672,000 in October 2017 from TSM Properties LLC, led by Stephen Maxwell.
Foreclosure Deal
A 27,034-SF day care facility in Little Rock changed hands at a $540,336 foreclosure sale.
Nevada Funding LLC of Las Vegas recovered Kingz Kidz Academy at 5705 W. 65th St. from Operation Impact Community Development Center Inc., led by Kevin Allen Sr.
The 3.16-acre development was tied to a May 2021 mortgage of $399,000 held by Nevada Funding.
Operation Impact acquired the property for $450,000 21 months ago from Victory Fellowship Inc., led by Paul Dougherty.
Buffet Building
A 6,930-SF restaurant in North Little Rock rang up a $495,000 sale.
Blue Rich Investment LLC, led by Amandeep Singh and Jagjit Singh, purchased the Royal Buffet at 109 E. Pershing Blvd. The seller is BBG Investment Properties LLC, led by Joe Veiga.
The deal is financed with a three-year loan of $396,000 from First Arkansas Bank & Trust of Jacksonville.
BBG acquired the 0.79-acre development in August 2015 as part of a $650,000 deal with Metropolitan Realty & Development LLC, led by Terry Paff.
Car Lot
A 1,872-SF auto sales office in Little Rock drew a $350,000 transaction.
Ayad Bihnam Auto of Arkansas LLC bought the Car Connection at 5404 S. University Ave. from Thomas and Michele Gibson.
The deal is backed with a 20-year loan of $297,500 from Arvest Bank of Fayetteville.
The Gibsons purchased the half-acre development for $135,000 in May 2003 from Crockett Land Holdings Inc., led by Kevin Crockett.
Chubby Property
A 7,168-SF office building in North Little Rock sold for $319,000.
Chubby Little Groundhogs LLC, led by Steven Miller, acquired the 615 W. 29th St. project from the Public Building Authority of the City of North Little Rock.
The deal is funded with a five-year loan of $592,500 from Telcoe Federal Credit Union in Little Rock.
The building authority bought the 0.96-acre development for $420,000 in February 2015 from Girl Scouts-Diamonds of Arkansas, Oklahoma & Texas, led by Andrea Chewning.
Varennes Court
A 5,425-SF home in the Varennes Court neighborhood of west Little Rock tipped the scales at $1.39 million.
Janell and Christopher Vinson purchased the house from Dillon Homes & Real Estate Inc., led by Janet Dillon.
The deal is financed with a 25-year loan of $750,000 from Regions Bank of Birmingham, Alabama.
Dillon Homes acquired the site for $200,000 in July 2021 from PotlatchDeltic Real Estate LLC.
Heights House
A 4,538-SF home in the Heights area of Little Rock weighed in at $1.24 million.
Gregory and Jennifer Barnes bought the house from Sylvester and Irena Pupkowski.
The deal is backed with a 30-year loan of $996,000 from First National Bank of Paragould.
The Pupkowskis purchased the location in June 1994 as part of a $270,000 deal with the SGH Children’s Trust, led by Phillip Hale.
The Estates
A 6,447-SF home in The Estates neighborhood of west Little Rock is
under new ownership after a $1.15 million deal.
Chenal Eat LLC, led by David Bubbus, acquired the house from Alonzo Williams Sr. and his wife, Susan.
The deal is funded with a two-year loan of $400,000 from Relyance Bank of White Hall.
The residence was bought for $857,000 in April 2000 from James and Kimberly Adametz.
