School Transaction Adds Up to $4.5M (Real Deals)

A 41,400-SF school in downtown Little Rock tipped the scales at $4.5 million.

E-Stem Public Charter Schools Inc. purchased its junior high building at 123 W. Third St. from Southern Landlord LLC, an affiliate of Arkadelphia’s Southern Bancorp.

The project is helping secure a 10-year loan of $10.1 million from Bank OZK of Little Rock.

The 0.32-acre development, the former home of the Little Rock branch of the Federal Reserve Bank, was bought for $1.3 million in February 2009 from 123 West Third Associates Ltd., led by Kenneth McRae.

Industrial Buy

An 83,125-SF industrial building in Little Rock weighed in at $3.51 million.

Tillar Little Rock Hamilton Partners Ltd., an affiliate of Vaquero Ventures of Fort Worth, Texas, acquired the 6200 Scott Hamilton Drive project. The seller is OB CRE I LLC, led by Rick O’Brien Sr.

The deal is funded with a $3.4 million loan from CommerceOne Bank of Birmingham, Alabama.

OB CRE I purchased the 3.81-acre development for $1.5 million in September 2020 from Capital Properties LLC, led by Gus Blass III.

Eatery Property

A 2.55-acre commercial site in west Little Rock changed hands in a $2.28 million deal.

K-Mac Enterprises Inc., led by Sam Fiori, bought the future home of a Taco Bell and Whataburger at 17100 and 17116 Chenal Parkway from trusts led by Leah Shell and Selma Metzger.

The land was acquired in March 1976 as part of a $90,000 deal with Edward and Charlene Mattingly.

Clinical Acquisition

A 7,040-SF former clinic in west Little Rock rang up an $800,000 sale.

DD23 Rodney Parham LLC, an affiliate of Dyne Hospitality Group, purchased the 10000 N. Rodney Parham Road project. The seller is Little Rock 10000 Medical Properties LLC, an affiliate of Remedy Medical Properties of Chicago.

Redevelopment of the property is backed with a five-year loan of $1.4 million from Simmons Bank of Pine Bluff. 

The 1.41-acre development was bought for $714,000 in June 2005 from St. Vincent Infirmary Medical Center, led by Stephen Mansfield.

Office Transaction I

A 3,200-SF office building in west Little Rock drew a $700,000 transaction.

BDP Holdings LLC, led by Brent Medders, acquired the 5300 Highland Drive project from Riverside Bank of Sparkman.

The deal is financed with a 10-year loan of $500,000 from Simmons Bank.

Riverside purchased the 0.37-acre site for $490,000 in December 2006 from Pfeifer Family Ltd. No. 2, led by Eugene Pfeifer III and James E. Hathaway Jr.

Convenient Purchase

A convenience store-car wash project in west Little Rock sold for $540,000.

DB Markham & Shackleford LLC, led by Stephen Lightle, bought the Doublebees at 10724 W. Markham St. from Blakely-Brewer Inc., led by Ann Blakely.

The deal is funded with a three-year loan of $432,000 from First Security Bank of Searcy. The 0.66-acre development was acquired for $859,000 in November 1990 from Chevron U.S.A. Inc. of San Ramon, California.

Clinical Property

A 1,912-SF animal clinic in North Little Rock is under new ownership after a $450,000 transaction.

JBB Cypress LLC, led by Andy Collins, purchased the Allen Veterinary Clinic at 4100 E. 43rd St. from the Richard E. Allen & Doretta Allen Joint Revocable Trust.

The 0.75-acre site was bought for $10,000 in October 1966 from Reed and Katherine McConnell.

Industrial Deal

A 28.14-acre industrial property in Jacksonville changed hands in a $443,000 deal. Vandenburg Investing Group LLC of Birmingham, Alabama, acquired the 4411 John Harden Drive project from Harris & Harris Concrete Pumping LLC, led by Randy and Tina Harris.

The property, which includes an 8,000-SF storage building, was assembled in two deals with JMS Development LLC, led by Marc Sicard and Joseph Moore Jr., $140,000 in August 2010; and Duchess Properties LLC, led by Deanna Sicard, $75,000 in December 2017.

Office Transaction II

A 7,341-SF office building in downtown Little Rock rang up a $305,000 sale.

Moving Up Properties LLC, led by Robert and Tamara Perry, bought the 915 North St. project from the Board of Trustees of the Arkansas Conference of the United Methodist Church, led by Ruben Griffin.

The deal is backed with a five-year loan of $733,750 from First Community Bank of Batesville.

The 0.3-acre development was acquired for $335,000 in November 2015 from BDC General Partnership, led by Thomas Babb.

Office Transaction III

A 1,797-SF office building in midtown Little Rock drew a $290,000 transaction.

Excellent Properties LLC, led by Jennifer Anderson, purchased the Peters Professional Building at 216 N. McKinley St. The seller is Michael & Rayanne Building LLC, led by Michael Thomason.

The deal is financed with a five-year loan of $235,000 from Citizens Bank of Batesville. The 0.3-acre development was bought for $279,000 eight months ago from the Peters Family LLC, led by Charles and Lujean Peters.

Storage Land

Two acres in west Pulaski County earmarked for a mini-storage development sold for $250,000.

Hwy 10 Storage LLC, led by Graham Smith, acquired the land near the southwest corner of Ferndale Cutoff Road and Highway 10. The seller is Rainwater Properties LLC, led by Brian Hosto. 

Rainwater Properties purchased the property for $276,000 in March 2004 from Bobby and Geneva Woodall.

Sologne Circle

An 8,767-SF home in west Little Rock’s Sologne Circle neighborhood tipped the scales at $2 million.

The Yogesh Asudani & Gitanjali Bajaj Trust bought the house from the David Michael Mego & Patricia Louise (Pat) Mego Living Revocable Trust.

The deal is funded with a 30-year loan of $1.9 million from Arvest Bank of Fayetteville. The 0.8-acre site was acquired for $265,000 in June 2003 from Rick Ferguson Construction Inc.

Waterview Estates

A 6,586-SF home in west Pulaski County’s Waterview Estates neighborhood weighed in at $1.75 million.

Brittany and Chadwick Sanders purchased the property from Lorene Henderson. The deal is backed with a 30-year loan of $1.5 million from Simmons Bank of Pine Bluff.

Henderson bought the 4.6-acre site for $350,000 from SWI LLC, led by Rick Ferguson. 

Wild Transaction

The 31.68-acre former Wild River Country site in North Little Rock is under new ownership after a $2 million sale.

Maly Group LLC, led by Drs. Smitha and James Thomas, bought the future home of the T-Time-anchored Malys Entertainment Center at 6820 Crystal Hill Road.

The seller is JTS Capital Realty 3 LLC, an affiliate of JTS Capital Group of Waco, Texas. The deal is financed with a three-year loan of $1 million from First Security Bank.

JTS recovered the property at a $1.5 million foreclosure sale in December 2020. The previous owner was Aquapark Holdings LLC of West Palm Beach, Florida, led by Paul Millar and Michael Slattery of Toronto.

Premier Place

A 7,373-SF office building in west Little Rock changed hands in a $1.8 million deal.

Friends Tours & Travels Inc., led by Luay Dajani, bought the Premier Place project at 10901 Financial Centre Parkway. The seller is Segraves-Lewis Financial Centre LLC, led by Donald Segraves and D.M. Lewis.

The deal is funded with a $1.2 million loan from Centennial Bank of Conway.

Segraves-Lewis acquired the 0.7-acre development for $1 million in July 2004 from FC 2.5 Inc., led by Alan Fureigh.

Chenal Site

A 1.67-acre commercial parcel in west Little Rock rang up a $1.63 million sale.

Chenal Property Investors VI LLC, led by Leonard Boen, purchased the land near the northeast corner of Chenal Parkway and Rahling Road from PotlatchDeltic Real Estate LLC.

The deal is backed with a three-year loan of $1.2 million from Simmons Bank.

The land was bought as part of the $1.2 billion merger of Potlatch Corp. of Spokane, Washington, and El Dorado’s Deltic Timber Corp. in December 2018.

Downtown Deal

A 5,920-SF commercial building in downtown Little Rock drew a $755,900 transaction.

Murrliu Business Solutions LLC, led by Adam Murray, acquired the 801 W. Markham St. project from Jaybird Investments Inc., led by Stuart Yancey.

The 0.09-acre development was purchased for $35,000 in 1992 from Virginia Coleman.

Assembly Required

More than 21 acres in North Little Rock was assembled in two deals totaling $750,000.

Clifton Warehouse Leasing LLC, led by Norman Clifton, bought 12.21 acres at 2401-2403 Hwy. 161 from the Culver Family Trust Number One, led by William Culver, for $350,000; and 9.41 acres at 5001 W. Bethany Road from Jerry O’Bannon for $300,000.

The Culver family assembled its land in two deals with Johnnie Irma Thompson, $700 in April 1940 and $800 in April 1942.

O’Bannon acquired his property in January 1990 as part of a $57,000 deal with Michey’s Inc., led by S.M. Dixon.

Stroman’s Sale

A 2,264-SF furniture store in Little Rock is under new ownership after a $450,000 deal.

Stroman’s Inc., led by Megan Stroman, sold its 901 John Barrow Road store to Peter Sidarous and Sara Hanna.

The deal is financed with a five-year loan of $382,500 from First Horizon Bank of Memphis.

Stroman’s bought the 0.51-acre property for $175,000 in January 1993 from Hampton and Michelle Roy.

Red Bridge Buy

The 6,440-SF office-warehouse project in Little Rock sold for $400,000. 

Red Bridge Development Ltd., led by Robert Schmitt, acquired the former home of Daniel Utility Construction Inc. at 9715 Col. Glenn Road from Bank of Little Rock.

The bank recovered the 8.43-acre development from Daniel Utility, led by Daniel Blair, at an $819,000 foreclosure sale in September 2018.

Attachment Acquisition

A 3,383-SF office building in downtown Little Rock changed hands in a $315,000 deal.

Attachment Services of Arkansas PLLC, led by Cindy Brown, bought the Robertson Law Firm at 1302 Cumberland St. from Brian and Bonnie Robertson.

The deal is funded with a five-year loan of $350,000 from Arvest Bank of Fayetteville.

The Robertsons acquired the 0.24-acre development for $213,000 in November 2011 from IberiaBank of Lafayette, Louisiana.

Orle Abode

A 7,078-SF house in west Little Rock’s Orle neighborhood weighed in at $1.21 million.

Inderjit Singh, Balwinder Kaur and Herman Singh purchased the house from the Mark & Kim Leverett Revocable Trust.

The deal is backed with a five-year loan of $900,000 from Farmers & Merchants Bank of Stuttgart.

The Leveretts bought the half-acre site for $142,000 in February 2007 from Deltic Timber.

Chenal Circle

Rick and Brooklyn Snowden paid $1.34 million to acquire a 5,548-SF home in west Little Rock’s Chenal Circle neighborhood from the Shirley J. Davis Revocable Trust. 

The residence was purchased for $697,000 in July 1994 from Phase III Inc., led by David Pickering Sr.