Arrow’s Edge Sale Tops $6.8 Million (Real Deals)

A 118-unit apartment complex in Sherwood weighed in at $6.85 million.

TMF Sherwood Holdings LLC, an affiliate of Think Multi-Family in Frisco, Texas, purchased Arrow’s Edge Apartments at 300 Indianhead Cove. The seller is AE Sherwood LLC, an affiliate of Altus Equity of Santa Rosa, California.

The deal is financed with a 25-year loan of $5.1 million from UBank of Huntington, Texas.

AE Sherwood acquired the 4.3-acre development for $4.1 million in February 2019 from Arrow’s Edge LLC, led by Anthony Brooks.

Lab Acquisition

An 18,028-SF  laboratory facility in west Little Rock tipped the scales at $2.7 million.

Little Rock Kanis Road Real Estate Inc., an affiliate of Eurofins Lancaster Laboratories in Lancaster, Pennsylvania, bought the American Interplex Labs project at 8600 Kanis Road from the Asa L. Morton Revocable Trust and Richard Plant.

Morton and Plant purchased the 1.78-acre site for $83,000 in July 1984 from Marie Geyer.

Enterprising Deal

A 6,960-SF home for Gamestop and Great Nails in North Little Rock rang up a $1.7 million deal.

Osceola Enterprises of Kissimmee Inc. of Windermere, Florida, acquired the 4530 E. McCain Blvd. project from Lyndle and Heather McCurley.

The McCurleys bought the 0.76-acre development for $1.5 million in June 2019 from Regal Properties LLC, led by Muhammad Almahayni.

Rock Solid Sale

A 14,080-SF office-warehouse near the western edge of North Little Rock drew a $1.2 million transaction.

KCLA Holdings North Little Rock LLC, led by Charles McAslan, purchased the 8504 MacArthur Drive project. The seller is Rock Solid Restoration & Construction LLC, led by Lary Zeno III.

The deal is funded with an $840,000 loan from Centennial Bank of Conway.

Rock Solid acquired the 5.16-acre site for $117,000 in January 2019 from Jason International Inc., led by Paulo Jacuzzi.

Office Purchase

Sixth-floor office space in downtown Little Rock sold for $770,000.

Medical Investments LLC, led by Rodney Thomason, bought 3,273 SF in the Arkansas Capital Commerce Center at 200 River Market Ave. 

The seller is Central Properties Inc., led by Karen Flake. The deal is backed with an 11-year loan of $788,500 from First Horizon Bank of Memphis.

Central Properties purchased the space for $660,000 in March 2020 from WECC Investments LLC, led by Nate Coulter.

Jacksonville Buy

A 5,300-SF tire center in Jacksonville is under new ownership after a $570,000 transaction. TFI LLC, led by Chris Fowler, acquired the Sherwood Tire Pros at 1106 W. Main St. from Rodolfo Garza.

Garza bought the 1.06-acre development in October 2019 from B&C Rental Properties Inc., led by Robert Dougherty.

Warehouse Property

A 69,460-SF warehouse on the eastern edge of Sherwood changed hands in a $495,000 deal. Amber Properties LLC, led by John Cook and Nichole Henson, purchased the 6300 Hwy. 161 project from Skeeter Hole LLC, led by Mike Berg.

The deal is financed with a five-year loan of $420,750 from Partners Bank of Helena-West Helena.

Skeeter Hole acquired the 7.22-acre development in November 1996 as part of a $326,000 deal with the estate of Winston Simpson.

Commercial Site

A 1.92-acre parcel in west Little Rock rang up a $420,000 sale.

Amit Budhwani bought the land on the east side of the Chenal Storage Center at 15601 Kanis Road from Kanis Pride LLC, led by Graham Smith.

Kanis Pride purchased the land in March 2015 as part of an $850,000 deal with the Paul A. Pride Revocable Trust.

Sologne Circle

A 5,726-SF home in west Little Rock’s Sologne Circle neighborhood weighed in at $1.3 million.

The Edwards Family Trust, led by Frazier and Deborah Edwards, acquired the house from Michele and Fred Stearns.

The deal is funded with a 25-year loan of $950,000 from Regions Bank of Birmingham, Alabama.

The Stearns family bought the residence in March 2019 for $875,000 from Holly Sessions.

Hallen Court

A 4,715-SF home in west Little Rock’s Hallen Court neighborhood tipped the scales at $1.28 million.

Darryl Lorenzo Webb Sr. and his wife, Kim, bought the residence from Graham Smith Construction LLC.

The deal is backed with a 30-year loan of $1.1 million from Centennial Bank.

The location was acquired for $132,000 in November 2020 from PotlatchDeltic Real Estate LLC.

Somersett Estates

A 3,870-SF home in the Somersett Estates neighborhood of west Pulaski County drew a $1.15 million transaction.

Chandler and Kelli Rackley purchased the 5-acre spread from Richard and Katrina Jackson.

The deal is financed with a five-year loan of $700,000 from Encore Bank of Little Rock.

The Jacksons bought the residence for $573,000 in February 2000 from Wayne Moore Construction Co.