Best Western Hosts $3.2M Transaction (Real Deals)

Best Western at 1600 John Harden Drive in Jacksonville. (Google Maps)

A 65-room hotel in Jacksonville weighed in at $3.2 million.

Shree Ganesh Arsh LLC, led by Nevil and Monika Patel, purchased the Best Western at 1600 John Harden Drive. The seller is Shree Jai Jalaram Associates Inc., led by Animesh Patel.

The deal is backed with a 25-year loan of $2.8 million from First Chatham Bank of Savannah, Georgia.

The 2.17-acre development was acquired for $1.9 million in September 2004 from ABC Partnership, led by Alberta Shinn and James Wilson.

United Acquisition

A 19,488-SF nightclub in North Little Rock was bought and sold in successive $1 million transactions.

United Engines LLC of Houston, Texas, acquired the Jimmy Doyle Country Club at 11800 Maybelline Road from Ron Davis Property Management LLC. United Engines then struck a $1 million sale-leaseback deal with Maybelline 40 Little Rock LLC of Houston, Texas.

Redevelopment of the 6.68-acre site is financed with a two-year loan of $9.2 million from Cadence Bank of Tupelo, Mississippi.

Ron Davis Property Management purchased the property in November 2021 as part of a $1.5 million deal with the Brewer Family Revocable Trust, led by Jimmy Doyle Brewer and Patsy Brewer.

United Sale

A 16,460-SF automotive facility in south Little Rock changed hands in an $860,105 deal.

United Engines sold its 9401 Interstate 30 project to Ron Davis Property Management. United acquired the 4.02-acre property in deals with the Jerry W. (Jay) Morton Revocable Trust, $743,000 in April 2005; and His Co. Inc., led by Bob Dill, $320,000 in January 2007.

Office Property

A 4,354-SF office building in downtown Little Rock sold for $760,000.

Second State of Mind LLC, led by Natalie Ghidotti, bought the 801-805 W. Second St. project.

The seller is BD Hangar LLC, led by Dan Kirkpatrick.

The deal is funded with a 10-year loan of $586,984 from First Security Bank of Searcy.

BD Hangar purchased the 0.19-acre development for $215,000 in July 2014 from Arkansas MMM LLC, led by Michelle Esentan.

Mini Purchase

A 79-unit mini-storage project in northwest Pulaski County is under new ownership after a $500,000 deal.

Genesis 5 N Properties LLC, led by Neil Ferguson, acquired Lackey’s Storage at 12221 MacArthur Drive from David and Velma Lackey.

The deal is backed with a 26-year loan of $660,000 from Live Oak Banking Co. of Wilmington, North Carolina.

The Lackeys bought the 2.94-acre site for $50,000 in May 2009 from Robert Spangler Jr. and Gladys Wood.

Casillas Buy

A 2,400-SF service repair-garage in Jacksonville rang up a $175,000 sale.

Casillas Properties LLC, led by Miriam and Ramon Casillas, bought the 705 N. J.P. Wright Loop Road project.

The seller is the Pulliam Family Living Trust, led by Randall Pulliam. The deal is financed with a 10-year loan of $131,250 from First Service Bank of Greenbrier.

The trust acquired the 0.47-acre site for $35,000 in April 2006 from Robert Hardin.

Accadia Court

A 4,181-SF home in west Little Rock’s Accadia Court neighborhood drew a $965,000 transaction.

Daniel Lemoine and Blythe Bowman purchased the house from Robert Woller. The deal is funded with a 30-year loan of $665,000 from Eagle Bank & Trust of Little Rock.

Woller bought the residence for $710,000 in November 2020 from the Margrave Family Living Revocable Trust, led by Andrea and William Margrave.

Pulaski Heights

A 2,889-SF home in Little Rock’s Pulaski Heights neighborhood changed hands in a $739,500 deal.

Richard Betzold and Lexie Vaughn acquired the house from Larry and Priscilla Harvey. The deal is backed with a 30-year loan of $591,600 from Riverside Mortgage Co. in Little Rock.

The Harveys purchased the residence for $463,500 in December 2014 from Nicole Capri.

Miramar Place

A 3,478-SF home in west Little Rock’s Miramar Place neighborhood sold for $675,000.

John and April Wingfield bought the house from Thomas and Denise Chiarelli.

The deal is financed with a 30-year loan of $641,250 from Arvest Bank of Fayetteville.

The Chiarellis acquired the residence for $619,900 in December 2021 from Matthew and Lana Summitt.

Farmland Buy

The Stracener Family Revocable Trust, led by David and Benita Stracener, paid Laurie Morris $1.33 million for her stake in nearly 729 acres in east Pulaski County.

The farmland was assembled in deals with Pauline Adams Cornell and Juanita Adams Vammen, $293,000 in July 1975; and the heirs of Rosa Ashcraft, $30,000 in March 1972.