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$2.1M Sale Visits M.M. Cohn Building (Real Deals)Lock Icon

5 min read

Ownership of a 62,688-SF building in downtown Little Rock shifted in a transaction valued at $2.13 million.

Deep Creek LR LLC, led by Victor Pereboom of Prescott, Arizona, bought the M.M. Cohn Building at 510 Main St. The seller is Main Street Lofts LLC, led by Bryan Pereboom and Jacob Spellmeyer.

The 0.29-acre property is now tied to an $824,784 mortgage held by AMR Construction LLC of Little Rock and helps secure an October 2012 mortgage of $916,000 held by the Pulaski County Brownfields Revolving Loan Fund.

The building previously was linked with a December 2016 judgment of $896,756 held by AMR and a July 2015 mortgage of $2 million held by Riverside Bank of Sparkman.

Main Street Lofts, originally led by Scott Reed of Portland, Oregon, purchased the property in August 2012 as part of a $1.5 million deal. The seller was Lafayette Plaza LLC, led by Stephen Marks Sr.

Dollar Deal

A 12,380-SF store in Little Rock weighed in at $1.55 million.

SS Realty Ltd. of North York, Ontario, acquired the Dollar General at 7710 Col. Glenn Road from PB General Holdings (Asher) LLC, led by Leonard Boen.

The 1.56-acre development previously was linked with an April 2015 mortgage of $943,288 held by Simmons Bank of Pine Bluff. The site was bought for $258,000 in June 2010 from the Carolyn Ann Hougland Revocable Trust.

Industrial Sale I

A 56,540-SF facility in the Little Rock Port Industrial Park sold for $700,000.

Amrap Holdings LLC, led by Scott Senyard and Justin Marshall, purchased the 8423 Frazier Pike project from L&D Rentals LLC of Fort Smith. The deal is backed with a $625,000 loan from First State Bank of Lonoke and a $700,000 mortgage carried by L&D Rentals.

The 6.07-acre development was ac-quired for $269,000 in April 2013 from Leggett & Platt Inc. of Carthage, Missouri.

Industrial Sale II

A 42,260-SF industrial complex in Little Rock drew a $595,000 transaction.

Little Rock LLC of Topeka, Kansas, bought the Goldman Recycling project at 1701 E. 14th St. from Goldman & Co., led by Randy Pierce. The deal is funded with a $550,750 loan from Intrust Bank of Wichita, Kansas.

The 2.32-acre development previously was tied to May 2007 mortgages of $500,000 and $300,000 held by Bank of Little Rock. Goldman & Co. purchased the property through Paul Fenley for $432,500 in December 1978 as part of its Chapter 11 bankruptcy reorganization.

Barwood Buy

A mobile home park in southwest Little Rock changed hands in a $307,000 deal. Barwood Trust, led by Tony Anthony, acquired its namesake project at 9500 Reck Road from Finest Place Inc. of Guyton, Georgia.

The deal is financed with a 15-year loan of $232,000 from Clifton and Jan-ice Williams and a 30-year mortgage of $75,000 carried by Finest Place.

The 6.93-acre property was bought for $550,000 in December 2010 from the Williams family.

Office Transaction

A 4,076-SF office building in Jacksonville rang up a $275,000 sale.

BRT Enterprises LLC, led by Mary Alice Hughes and Lisa Jo Bamburg, purchased the Access Rehab project at 1200 W. Main St. from John Zumwalt.

The deal is backed with a $275,000 mortgage carried by Zumwalt.

The 0.55-acre development was ac-quired for $217,000 in June 2010 from Thomas Bond. 

Rental Purchase

A small multifamily property in Little Rock is under new ownership after a $185,000 transaction.

Windy Point LLC, led by Mark Babbitt, bought the 101-105 Battery St. project from Little Rock Community Mental Health Center Inc.

The 0.3-acre development was purchased for $87,000 in August 1992 from the estate of Wayne Wilkins. 

Sologne Manor

A 7,086-SF home in west Little Rock’s Sologne Circle neighborhood of west Little Rock’s Chenal Valley development tipped the scales at $1.2 million.

Alfred and Brenda Herget acquired the house from Craig and Gretchen Farrell.

The deal is funded with a seven-year loan of $1 million from IberiaBank of Lafayette, Louisiana.

The residence previously was linked with a January 2015 mortgage of $765,000 held by Bank of Little Rock Mortgage Corp.

The location was bought for $280,000 in September 2009 from Stanley Spangler.

Cliffewood Abode

A 3,048-SF home in Little Rock’s Cliffewood neighborhood sold for $825,000.

Daniel and Emily Heard purchased the house from James and Allison Dowden. The deal is financed with a 30-year loan of $550,000 from Wells Fargo Bank of Sioux Falls, South Dakota.

The residence previously was tied to a February 2017 mortgage of $581,000 held by BancorpSouth Bank of Tupelo, Mississippi. The Dowdens acquired the property for $255,000 in July 1990 from Ellis Fagan III and his wife, Frances.

River Heights Home

A 3,722-SF home in Little Rock’s River Heights neighborhood drew a $780,000 transaction. The Mehaffey Family Revocable Trust, led by Thomas and Sheila Mehaffey, bought the house from the Jennifer T. Barrett Revocable Trust.

The residence previously was linked with a March 2011 mortgage of $410,000 held by Merrill Lynch Credit Corp. of Jacksonville, Florida. The property was purchased for $570,000 in August 1999 from Saad and Naomi Taha.

PV Residence

A 4,173-SF home in west Little Rock’s Pleasant Valley neighborhood changed hands in a $695,000 deal. Craig and Gretchen Farrell acquired the property from Daniel Heard.

The deal is backed with a 30-year loan of $424,000 from Bank of Little Rock Mortgage. The residence previously was tied to a June 2012 mortgage of $417,000 held by the mortgage company.

Heard bought the house for $645,000 five years ago from FTH Revocable Trust, led by Todd Hickingbotham.

Prospect House

A 2,627-SF home in Little Rock’s Prospect Terrace neighborhood rang up a $639,550 sale.

Joshua and Audra Pettus purchased the house from JVRC LLC, led by Jett Ricks. The deal is funded with a 30-year loan of $375,000 from Little Rock’s Bank of the Ozarks.

The residence previously was linked with an August 2016 mortgage of $380,000 and a January 2017 mortgage of $83,200 held by BancorpSouth Bank.

JVRC acquired the property for $300,000 10 months ago from the estate of Charles Wooten.

Deauville Place

A 4,183-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley neighborhood is under new ownership after a $540,000 transaction.

Pamela Mobley bought the house from Manish Raj. The deal is financed with a 30-year loan of $424,100 from Caliber Home Loans Inc. of Irving, Texas.

The residence previously was tied to a July 2012 mortgage of $408,000 held by One Bank & Trust of Little Rock.

Raj purchased the property for $510,000 nearly five years ago from Amy and Brian Eble.

Oaks Abode

A 3,278-SF home in The Oaks neighborhood of west Little Rock’s Chenal Valley development sold for $500,000.

Allen Bradley and Judith Garrett ac-quired the house from Tanya Toney.
The deal is backed with a 30-year loan of $400,000 from Regions Bank of Birmingham, Alabama.

The residence was bought for $529,000 in March 2006 from Jimmy and June Wilson.

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