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Cabot’s Steeplechase Apartments Sold for $6.1MLock Icon

2 min read

Apartments in Cabot, retail space in west Little Rock, farmland near Carlisle, residential lots near Conway, a residential swap in Pulaski County and undeveloped acreage in Saline County provide a six-pack of multimillion-dollar transactions.

• Steeplechase AR LLC of Memphis bought its namesake 128-unit complex at 2965 S. Second St. in Cabot for $6.1 million.

Seller? Emerald Properties I Ltd., led by John Stanley Jr. and Chris Tritt.

• Westchase Investors LLC, led by John Flake, sold its namesake 55,766-SF retail center and Slim Chickens restaurant at 301 N. Shackleford Road in west Little Rock for nearly $4.3 million.

Minority sellers included the Kelley Family Annual Gift Trust, led by Hank Kelley; and Central Properties Inc., led by Flake.

Who was the buyer in this shift of ownership? Markham & Shackleford LLC, led by Leonard Hasson and Kelley.

• Leopold and Johanna Bachmann sold about 760 acres of farmland on the south side of Interstate 40 on the western outskirts of Carlisle for $2.8 million. Buyer: Randall J. Snider Farm LLLP.

• Rausch Coleman Conway LLC of Sherwood purchased 72 lots in the Woodlands Edge neighborhood on the eastern outskirts of Conway for $2.1 million. Seller: Watson & Watson Construction Inc. of Conway.

• The Oscar & Doris Washington Family Trust traded an 8,832-SF home in the Orle neighborhood of west Little Rock for eight residential lots in Pulaski County.

ODS Enterprises LLC received seven lots in Waterview Estates and one in Valley Falls Estates from Rick and Deanna Ferguson and three limited liability companies associated with his real estate developments.

The swap was valued at $1.4 million.

• Glenn Crossing LLC, led by Amanda Raible, sold 184 acres in Saline County west of Congo Ferndale Road and north of Rushing Road for $1.1 million. Buyer? Congo Real Estate Holdings LLC, led by Robert Mullenax.

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