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Acreage Adjoining Alotian Club Purchased in $19.8M Sale (Real Deals)Lock Icon

5 min read

A 1,787-acre tract in west Pulaski County tipped the scales at $19.83 million. An investor group, through Legacy Land & Timber LLC, purchased the woodlands property that wraps around the western and southern perimeter of the Alotian Golf Club.

The sellers are PotlatchDeltic Timber LLC and PotlatchDeltic Real Estate LLC, affiliates of Potlatch Corp. of Spokane, Washington.

Potlatch acquired El Dorado’s Deltic Timber Corp. last year in a $1.2 billion merger.

NLR Warehouse

A 225,650-SF warehouse project in North Little Rock weighed in at $1.62 million.

Anchor Realty Investments LLC and 1600 Gregory Holdings, both led by David Bubbus, bought the 1600 Gregory St. project.

The seller is 1601 Gregory Holdings LLC, an investment group that included Rick Ferguson and was originally led by Kevin Huchingson.

The deal is financed with a 3-year loan of $1 million from Simmons Bank of Pine Bluff. The 12.36-acre development previously was tied to a November 2009 mortgage of $1.5 million held by Centennial Bank of Conway.

1601 Gregory purchased the property for $1.8 million in November 2009 from Gregory Street Properties Inc., an affiliate of Park National Bank of Oak Park, Illinois.

Midtown Apartments

An 18-unit apartment complex in west Little Rock rang up a $1.05 million sale.

Midtown Townhomes LLC, led by Benjamin Saxon, acquired the 8120 W. Markham St. project. The seller is Mid-Town Condominiums LLC, led by Robert Weyrens.

The deal is backed with a 12-year loan of $879,000 from Arbor Commercial Funding I LLC of Depew, New York. The 1-acre development previously was linked with an October 2012 mortgage of $870,000 held by First Security of Searcy.

The project was bought for $850,000 in August 2007 from Markham Manor Apartments LLC, led by Balaji Narayanaswamy.

Home Sites

Twenty-nine lots in the Trammel Estates neighborhood of Sherwood drew a $930,900 transaction

Rausch Coleman Mid-Ark LLC, an affiliate of Rausch Coleman Homes of Fayetteville, purchased the residential property.

The seller is Trammel Phase II LLC, led by Rick Ferguson. The deal is funded with a 2-year loan of $1 million from First National Bank of Fort Smith.

The land was acquired in September 2005 as part of a reported $7.8 million deal with The Woodcrest Co. LLP, led by James P. Matthews.

Neighboring Multifamily

Adjoining apartment buildings in downtown Little Rock sold for $755,000.

Gas Pipe Row LLC, led by Adam Smith, bought the 916 and 920 Scott St. projects. The seller is Little Rock Historic Properties, led by Jill Judy and Mark Brown.

The deal is financed with a 19-year loan of $641,750 from First National Bank of Paragould. The properties previously were tied to March 2016 mortgages of $167,000 and $162,000 held by Little Rock’s One Bank & Trust.

The 920 Scott property was acquired for $66,000 in November 2010 from Aurora Loan Services LLC, a subsidiary of Lehman Brothers Holdings Inc. The 916 Scott property was purchased for $70,000 in September 2011 from Jordan Inc., led by Jordan Haas.

Trucking Expansion

A 3.58-acre commercial site in east Little Rock changed hands in a $696,263 deal.

M-H Real Estate LLC, an affiliate of Murphy-Hoffman Co. of Leawood, Kansas, acquired the land at the northeast corner of Fourche Dam Pike and Interstate 440. The seller is Walthour-Flake Co., led by Dickson Flake.

The property was bought in April 1960 as part of a $69,630 deal with Mary Raines.

Eatery Land

A 0.9-acre parcel in North Little Rock is under new ownership after a $90,000 transaction.

JTJ Restaurants LLC, led by Jim Keet and his two sons, Tommy and Jake, purchased the land adjoining the north side of the former Cock of the Walk property.

The seller is Tri-Star Corp., led by Rebecca Hogg and Alpha Burkhalter.

The property was purchased in August 1983 as part of a $280,000 deal with Emmett and Mary Oliver.

St. John’s Abode

A 3,735-SF home in Little Rock’s St. John’s neighborhood weighed in at $1.04 million.

The Carolyn W. Hughes Trust bought the house from the estate of Janet Bolton. The deal is backed with a 15-year loan of $750,000 from Arvest Bank of Fayetteville.

The residence was purchased for $855,000 in September 2004 from John and Amber Meadors.

Hallen Court

A 4,875-SF home in the Hallen Court neighborhood of west Little Rock’s Chenal Valley development rang up a $995,000 sale.

Daniel and Aubrie Ashton acquired the house from Jeff Fuller Homes LLC of Little Rock. The deal is funded with a 30-year loan of $894,500 from IberiaBank of Lafayette, Louisiana.

The residence previously was linked with a July 2018 mortgage of $764,000 held by Little Rock’s Bank OZK.

The property was bought for $215,000 a year ago from Dillon Homes & Real Estate Inc., led by Janet Dillon.

Sologne Court

A 6,318-SF home in the Sologne Court neighborhood of west Little Rock’s Chenal Valley development drew a $900,000 transaction.

Laxmi Thummalakunta and Lakshmi Beeravolu purchased the house from Todd and Paula Gammill.

The deal is financed with a 15-year loan of $720,000 from Bank of America in Charlotte, North Carolina.

The residence previously was tied to a January 2006 mortgage of $948,750 held by American Home Mortgage of Melville, New York.

The property was acquired from Timothy and Carla Spainhour in February 2005 for $165,000.

Chenal Circle

A 4,876-SF home in west Little Rock’s Chenal Circle neighborhood sold for $824,200. Vicki Hall bought the house from the namesake trust of Duane and Lisa Highley.

The residence previously was linked with a November 2011 mortgage of $607,200 held by Fifth Third Mortgage Co. of Cincinnati.

The Highleys purchased the property for $759,000 more than seven years ago from MDP Properties LLC, led by Mary and David Pickering.

Deauville Place

A 4,550-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development changed hands in a $780,000 deal.

Kevin and Marissa Keith acquired the house from Shane and Kim Sweetin. The deal is backed with a 30-year loan of $484,350 from IberiaBank.

The residence previously was tied to a September 2014 mortgage of $640,000 held by AgHeritage Farm Credit Services of Little Rock.

The Sweetins bought the property for $817,475 more than four years ago from Randy James Construction Co.

Woodlands Edge

A 3,465-SF home in the Woodlands Edge neighborhood of west Little Rock is under new ownership after a $536,000 sale.

Mahesh Bavineni and Srilakshmi Ravula purchased the house from HA Custom Homes LLC, led by Subrahman-yam Narravula. The deal is funded with a 30-year loan of $482,400 from Bank of Little Rock Mortgage Corp.

The residence previously was linked with an October 2018 mortgage of $420,000 held by BancorpSouth Bank of Tupelo, Mississippi.

The site was acquired for $77,000 in July 2015 from Rocket Properties LLC, led by Lisenne Rockefeller and Ron Tyne.

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