A 202-unit apartment complex in west Little Rock weighed in at $21.5 million.
IRT Carrington Apartments Owner LLC of Philadelphia bought its namesake property at 1801 Champlin Drive from USA Carrington Park of Napa, California.
The deal is backed by a $16.2 million loan from IRT UPREIT Lender Ltd. of Philadelphia.
The 13.4-acre development previously was tied to a February 2006 mortgage of $15.9 million held by PNC Bank of Overland Park, Kansas.
The property was purchased for $19.9 million more than eight years ago from Chenal Development LLC of Stockbridge, Georgia.
Branch Buy
A 1,209-SF bank branch in west Little Rock is under new ownership after a $1.22 million sale.
Jefferson Bancshares Inc., parent of Relyance Bank of Pine Bluff, acquired the 11000 Financial Centre Parkway project from Simmons First National Bank of Pine Bluff.
Simmons bought the branch for $1.08 million in January 1996 from First Commercial Bank of Little Rock.
Office Acquisition
A 16,968-SF office building in midtown Little Rock tipped the scales at $925,000.
APIG LLC, led by Rebecca Stewart and Donald Carlton, purchased the University Professional Building at 1000 N. University Ave. from Physician Reliance Network LLC of The Woodlands, Texas.
The deal is funded with a 10-year loan of $786,000 from Little Rock’s Bank of the Ozarks.
PRN acquired the 1.02-acre development for $984,000 in March 1996 from University Professional Building, led by Dr. Jack Sternberg.
Express Transaction
A North Little Rock HealthCARE Express project is in motion after a $430,000 land deal.
Enchanted Development LLC of Tex-arkana, Texas, bought the 1.07-acre site at 11819 Maumelle Blvd. from S.M.C. Property Development LLC, led by William Sutton, Bryan Martin and Thomas Crow.
Construction is financed with a 20-year loan of $1.02 million from BancorpSouth Bank of Tupelo, Mississippi.
The land previously helped secure a January 2009 mortgage of $1.8 million held by the bank.
The property was purchased in May 2008 as part of a $1.15 million deal with Richard and Tina Chwalinkski.
Warehouse Purchase
A former Sears warehouse in south Little Rock sold for $425,000.
6800 Geyer Springs Road LLC, led by Justin Muller, acquired its 74,880-SF namesake project from an investment group led by Joe Selz.
The deal is backed with a five-year loan of $725,000 from Southern Bank of Poplar Bluff, Missouri.
The 5.24-acre property was bought for $525,000 in November 1977 from Sam and Robbie Vogel.
Office Deal
A 2,649-SF office building in west Little Rock rang up a $280,000 transaction.
10016 West Markham LLC, led by John Larrison and John Bice, purchased the 10016 W. Markham St. project.
The seller is Alden Properties LLC, led by William and Tamara Almand.
The deal is funded with a $221,000 loan from One Bank & Trust of Little Rock.
The 0.31-acre development previously was linked with a $220,000 mortgage held by the bank.
Alden Properties acquired the project for $260,000 more than four years ago from Seaborn J. Bell Jr. and his wife, Patricia.
High-Rise Home
A 4,286-SF condo in downtown Little Rock changed hands in a $980,000 sale.
Hardy Winburn bought the unit on the 14th and 15th floors at 300 E. Third St. from Joe Johnson.
The residence previously was tied to a May 2008 mortgage of $1.12 million held by CitiMortgage Inc. of O’Fallon, Missouri.
Johnson purchased the property for $1.1 million in December 2006 from 300 Third LLC, led by Jimmy Moses and Rett Tucker.
Condo Property
A 2,500-SF condo in Little Rock’s River Bend project drew an $840,000 transaction.
The Sherry L. Worthen Revocable Trust acquired the property from the Betty M. Brown Revocable Trust.
The residence previously was linked with a December 2006 mortgage of $1 million held by Bank of America in Charlotte, N.C.
Brown bought the condominium for $870,000 in August 2005 from the Raymond Raunch Living Trust.
Rural Residence
A 4,390-SF home in west Pulaski County is under new ownership after a $640,000 sale.
Andrew Bowman purchased the 4.81-acre spread from Mark and Linda Worley.
The deal is financed with a 15-year loan of $512,000 from Regions Bank of Birmingham, Alabama.
The residence previously was tied to a January 2012 mortgage of $306,000 held by Metropolitan National Bank of Little Rock.
The Worleys acquired the property from the Charles & Anne Allen Family Revocable Trust.
Estates House
A 5,000-SF home in The Estates neighborhood of west Little Rock’s Chenal Valley development sold for $570,000.
John and Mary Gramlich bought the house from John and Jamie Modrail.
The deal is backed with a 15-year loan of $350,000 from Bank of Little Rock Mortgage Corp.
The residence previously was linked with a June 2011 mortgage of $417,000 from Moore Mortgage Inc. of Little Rock.
The Modrails purchased the property for $683,000 more than three years ago from Thomas and Lee Carlisle.
Hickory Grove Abode
A 2,995-SF home in west Little Rock’s Hickory Grove neighborhood rang up a $520,000 deal.
Joe and Suzanne Simpson acquired the house from Markus-Evans LLC, led by James and Melinda Markus.
The deal is funded with a 30-year loan of $416,000 and five-year loan of $30,000 from One Bank & Trust.
The residence previously was tied to an October 2006 mortgage of $536,000 held by Metropolitan National Bank.
The land was bought in July 2003 as part of a $725,000 deal with First Baptist Church of Little Rock.
Promenade Mortgage
A 31-acre piece of The Promenade at Chenal in west Little Rock was used to secure a $51 million funding agreement.
Little Rock Development Co. LLC obtained the loan from PFP Holding Co. III LLC of Chicago.
Two New York firms, O’Connor Capital Partners and Wafra Investment Advisory Group Inc., own 90 percent of the 216,368-SF lifestyle center and 32,992-SF Dickinson Theatre through O’Connor/Wafra Retail Partners.
The project previously was linked with a September 2006 mortgage of $64.5 million held by Bank of America.
The original 37.8-acre Promenade site was purchased in September 2006 as part of a $10.25 million deal with Deltic Timber Corp. of El Dorado.
Woodlands Funding
More than 263 acres of residential land and an 11-acre commercial parcel in west Little Rock are securing a $3.95 million mortgage.
Rocket Properties LLC, led by Ron Tyne and Lisenne Rockefeller, received the two-year loan from BancorpSouth Bank.
The property around the Woodlands Edge development previously helped secure a July 2009 mortgage of $5.5 million held by the bank.
Rocket’s two most recent acquisitions were 101.2 acres for $1.71 million in June 2004 and about 332.9 acres for $2.63 million in April 2005.
The seller in both deals was Elgor Inc., led by Robert Wilson Sr.
Million-Dollar Construction
High School Campus Second Phase $57,000,000
101 W. 22nd St., North Little Rock
Baldwin & Shell Construction Co., Little Rock
Sewage Pumping Upgrade $10,520,000
1901 Cantrell Road, Little Rock
BRB Contractors Inc., Topeka, Kansas
Indian Hills Elementary Addition $8,000,000
6800 Indian Hills Drive, North Little Rock
Nabholz Construction Corp., Conway
New 5,900-SF Home $1,440,000
16 Johnson Ranch Road, Little Rock
Parkinson Building Group Inc., Little Rock
Vermeer Midsouth Equipment $1,250,000
4715 S. Shackleford Road, Little Rock
Hart Construction LLC, Searcy
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