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Ashburry at Chenal Sells for $25.5MLock Icon

2 min read

Apartments and an auto service project in west Little Rock combined with a convenience store and industrial project in Benton and topped with a Conway car wash form this week’s serving of million-dollar real estate transactions.

► WW Olympus Chenal Ltd., an affiliate of Olympus Property in Fort Worth, Texas, sold the 216-unit Ashburry at Chenal project at 16401 Chenal Valley Drive for $25.5 million.

Buyers in a 58.9%-41.1% split: Chenal Valley-Foxwood LLC and Chenal Valley-Orchard LLC, affiliates of B&M Management Co. of Montgomery, Alabama.

► KNG-Benton LLC of San Diego bought the Kum & Go project at 2202 Lincoln Road in Benton for almost $4 million.

Seller? KG Store 166 LLC, an affiliate of the Des Moines, Iowa, convenience store chain.

► Boomerang Holding LLC, led by James Burks, sold the Boomerang Carwash-Jiffy Lube combo at 620 S. Bowman Road in west Little Rock for nearly $3 million to Getty Leasing Inc. of Jericho, New York.

► Reed’s Metals LLC, an affiliate of Union Corrugated Co. of Fayetteville, North Carolina, sold its 28,542-SF facility at 12655 Interstate 30 in Benton for more than $2.3 million.

Buyer? Store Master Funding III CLLC, an affiliate of Store Capital of Scottsdale, Arizona.

► Spirit Master Funding X LLC, an affiliate of Spirit Realty of Dallas, purchased the Carwash USA Express at 1603 Dave Ward Drive in Conway for $1 million.

Seller: IMO US South LLC, an affiliate of Boing US Holdco Inc. of Centennial, Colorado.

Million-Dollar Construction

Arkansas Department of Community Correction Office Renovation    $12,000,000
1302 Pike Ave., North Little Rock
Baldwin & Shell Construction Co., Little Rock

The Vue New Apartments    $6,000,000
630 Riverfront Drive, North Little Rock
Central Construction Group, Little Rock

Baptist Health Medical Office Building    $1,276,000
3201 Springhill Drive, North Little Rock
CDI Contractors, LLC, Little Rock

Circle K Convenience Store    $1,100,000
4601 Northshore Drive, North Little Rock
Mulhearn Wilson Construction Inc., North Little Rock

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