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Chenal Pointe Draws $29.9M Transaction (Real Deals)Lock Icon

5 min read

A 260-unit apartment project in west Little Rock weighed in at $29.9 million.

Chenal Pointe (Little Rock) Owner LLC, an affiliate of ApexOne Investment Partners in Houston bought the Chenal Pointe at The Divide at 6400 The Divide Parkway.

The seller is 6400 TDP LLC, led by Derek Alley. The deal is financed with a 10-year loan of $20 million from Berkeley Point Capital LLC of Boston.

The 15.22-acre development was linked with a July 2011 mortgage of $21 million held by Wells Fargo Bank of Sioux Falls, South Dakota.

The location was purchased for $1.9 million in June 2011 from PDC LLC, led by Gene Pfeifer.

Burger Building

A 4.21-acre commercial site in southwest Little Rock rang up a $900,000 sale.

Mabelvale Eat LLC, led by David Alan Bubbus, acquired the site at the southeast corner of Interstate 30 and Mabelvale West Road. The seller is Springhill Plaza LLC, led by Larry Middleton.

Construction of a 12,670-SF building to house a David’s Burgers and more is funded with a 10-year loan of $1.7 million from Southern Bank of Poplar Bluff, Missouri. The property was bought for $362,000 in June 2013 from Centennial Bank of Conway and 2610 Acres LLC, led by Rick Ferguson.

Duplex Deal

Three duplexes in the Westover Hills area of Little Rock changed hands in a $615,000 deal.

R&D Holdings LLC, led by Mark Reynolds and Robert Denton, purchased the 110 Pine Valley Road, 2108 N. McKinley St. and 6307 Kavanaugh Blvd. projects. The seller is Strebor LLLP, led by William Roberts.

The deal is backed with a five-year loan of $725,000 from Encore Bank of Little Rock.

The properties were assembled in deals with Goodwin Investments Inc., led by Gary Goodwin, $120,000 in February 1998 and $124,000 in August 1998; and General Enterprises Co., led by Alex Gold-en, $150,000 in January 2001.

Apartment Sale

A six-unit apartment building in the Hillcrest area of Little Rock sold for $334,000. 220 Taylor LLC, led by Carla and Ferris Keller, bought the 220 N. Taylor St. project from Ruggie Enterprises LLC, led by Bruce Saad.

The deal is financed with a five-year loan of $237,415 from Central Bank of Little Rock. Ruggie Enterprises purchased the 0.19-acre development for $200,000 in March 2007 from Carl and Carolyn Finkbeiner.

Safe Acquisition

A 4,520-SF office-warehouse in southwest Little Rock drew a $263,818 transaction. 3-D Acquisitions LLC, led by Shawn Davis, acquired the Ragan Safe & Vault project at 7115 N. Chicot Road.

The sellers are the George Albert Jr. Revocable Trust and Ragan Safe & Vault Inc., led by David Ragan.

The main 2.86-acre property was purchased for $66,000 in February 1976 from James and Ferne Hastings.

An adjoining 0.43-acre parcel was bought for $25,000 in May 2009 from Martin and Lenor Guardado.

Church Buy I

A 4.83-acre church property in Jacksonville is under new ownership after a $190,000 deal.

Central Rock Church of Christ purchased the 15,445-SF Bailey Street Church of Christ at 615 N. Bailey St. and adjoining 2,062-SF parsonage from Harding University Inc. in Searcy.

The property was given to Harding in December 2019.

Church Buy II

A 25.3-acre parcel in north Pulaski County rang up a $115,000 sale.

Jacksonville Bible Missionary Church bought the land adjoining the west side of its property at 3001 Military Road from Ronald and Bonnie Brooks.

The land was purchased for $15,000 in February 1981 from Virgil and Marsell Brooks.

Woodlands Edge

A 4,493-SF home in west Little Rock’s Woodlands Edge neighborhood changed hands in a $749,000 deal. Katie and Carroll Reynolds Jr. acquired the house from Richard and Molly Verbrugge.

The deal is funded with a 30-year loan of $510,000 from Highlands Residential Mortgage Ltd. of Dallas.

The residence was tied to an October 2012 mortgage of $384,000 originated by North American Savings Bank of Kansas City, Missouri.

The Verbrugges bought the location for $81,000 in September 2010 from Rocket Properties LLC, led by Ron Tyne.

Hallen Court

A 3,965-SF home in west Little Rock’s Hallen Court neighborhood sold for $670,000.

The Linda Kay Shaver Revocable Trust purchased the house from Jay and Magen Stewart. The residence was linked with a July 2020 mortgage of $385,000 from First Security Bank of Searcy.

The Stewarts acquired the location for $138,500 in June 2015 from Deltic Timber Corp. of El Dorado.

Falstone Court

A 4,062-SF home in west Little Rock’s Falstone Court neighborhood drew a $644,900 transaction.

Keith and Tracy Billingsley bought the house from J. Martin Homes Inc., led by Greg Cates. The deal is backed with a 30-year loan of $444,900 from Bank of England.

The residence was tied to a July 2019 mortgage of $498,900 held by Arvest Bank of Fayetteville.

The site was purchased for $98,000 17 months ago from PotlatchDeltic Real Estate LLC, an affiliate of PotlatchDeltic of Spokane, Washington.

Broadview Terrace

A 5,472-SF home in Little Rock’s Broadview Terrace neighborhood is under new ownership after a $575,000 deal. John David Morgan and his wife, Caroline, acquired the house from the Ruth R. Remmel Revocable Trust.

The property was bought for $76,000 in December 1985 from Tyndall and Carrie Dickinson.

Villages at Wellington

A 4,533-SF home in west Little Rock’s Villages at Wellington neighborhood rang up a $534,900 sale.

Anthony D’Onofrio purchased the house from Roger and Tina Case. The deal is financed with a 30-year loan of $267,450 from Relyance Bank of Pine Bluff.

The residence was linked with a September 2012 mortgage of $417,000 originated by Bank of Little Rock Mortgage Corp. The Cases acquired the location for $55,000 in March 2005 from Winrock Development Co., led by Russ McDonough Jr.

Bretagne Circle

A 5,231-SF home in west Little Rock’s Bretagne Circle neighborhood changed hands in a $517,000 deal.

Michael and Gwen Scheller bought the house from William Cobb. He purchased the residence for $676,000 in June 2010 from Adrian and Jo Ann Treadway.

Natural Trail Estates

A 3,200-SF home in Maumelle’s Natural Trail Estates neighborhood sold for $512,000.

Tyson and Tia Prichett acquired the house from Daryl Brock Custom Homes Inc. The deal is funded with a 30-year loan of $494,425 from Bank of England.

The residence was tied to a January 2020 mortgage of $392,000 held by First Service Bank of Greenbrier. The location was bought for $85,000 11 months ago from White Oak Equestrian Center LLC, led by David and Daria Haas.

Ridgefield Estates

A 4,363-SF home in the Ridgefield Estates neighborhood of west Pulaski County drew a $505,000 transaction.

Benzick Family Trust, led by Larry and Susan Benzick, purchased the house from Carolyn and Galen Wenger.

The 5-acre location was acquired for $67,000 in July 2000 from Suzanne Webre.

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