Icon (Close Menu)


Clearbrook Project Draws $1.4 Million Transaction (Real Deals)

5 min read

A 52-unit apartment complex in Little Rock weighed in at $1.4 million.

Parker Investments Group LLC, an affiliate of Trinity Multifamily of Fort Smith, purchased the Clearbrook Village Apartments at 619 and 719 Brookside Drive.

The seller is Serene Rock Ventures LLC, led by Michael Vick Jr. and Jason Mathis.

The 1.46-acre development previously was tied to an October 2005 mortgage of $1 million held by One Bank & Trust of Little Rock.

Serene Rock acquired the project for $1.28 million more than 11 years ago from Presbyterian Village Inc. of Little Rock.

Liquid Assets
A water company in southeast Pulaski County tipped the scales at $1.3 million.

Liberty Utilities (Woodson-Hensley Water) Corp. of Oakville, Ontario, bought the water treatment plant at 24920 Hwy. 365 in Woodson and a water tower in Hensley.

The seller is Woodson-Hensley Water Co., led by James Walden.

The 0.89-acre water treatment plant site was purchased as part of two transactions with Dr. John Busby and his wife, Thelma, $500 in May 1965; and Irene Woodell, $8,000 in February 1992.

The 0.23-acre water tower site was acquired for $300 in May 1964 from Pauline Meade.

Bike Building
A 10,520-SF commercial building in Little Rock’s Riverdale area changed hands in an $835,000 transaction.

Off the Front LLC, an affiliate of Little Rock’s HIA Velo high-end biking venture, purchased the 1509 Rebsamen Park Road project from James Clements and Reggie Marshall.

The deal is financed with a 10-year loan of $688,000 from Arvest Bank of Fayetteville.

The 0.78-acre development previously was linked with a March 2013 mortgage of $710,000 held by Centennial Bank of Conway.

The property was bought for $300,000 in January 1994 from Rosenbaum Brothers Partnership, led by Carl and Charles Rosenbaum.

Commercial Land
A 5-acre commercial parcel in west Little Rock rang up a $577,000 sale.

Rector-Phillips-Morse Inc. of Little Rock acquired the land near the northwest corner of Shackleford and Shackleford Ridge roads from LL Ark Properties LLC of Minneapolis.

The property was purchased for $525,000 in September 2015 from the Rachel Randell Trust, the Lora Koen Trust and the Kenneth Ray Koen Trust.

Cancun Acquisition
A 4,303-SF Cancun Mexican Restaurant in Jacksonville drew a $325,000 transaction.

LOM Inc., led by Leonor Ortega-Amaya, bought the former Mexico Chiquito at 1524 W. Main St.

The seller is HSRE LLC, led by Lisa Glidewell. The deal is funded with a 15-year loan of $360,000 from BancorpSouth Bank of Tupelo, Mississippi.

The 0.69-acre property was acquired for $31,500 in March 1966 from Frank Carder Sr., and his wife, Faye, and Frank Carder Jr., and his wife, Mary Jane.

Country Club House I
A 5,517-SF house near the Country Club of Little Rock weighed in at $1.2 million.

The namesake trusts of Jeremy Davis and Holly Sanders purchased the house from Craig and Lisa Douglass.

The deal is backed with 30-year loans of $417,000 and $183,000 from Bank of Little Rock Mortgage Corp.

The residence previously was tied to a May 2009 mortgage of $257,927 held by Centennial Bank.

The property was bought for $660,000 in December 2005 from the Robert Richard Revocable Trust.

Country Club House II
A 2,974-SF home near the Country Club of Little Rock is under new ownership after an $855,000 transaction.

Gregg and Paige Day acquired the house from Casey and Rodney Rockwell.

The residence previously was linked with a June 2016 mortgage of $358,000 from Stone Bank of Mountain View.

Rockwell purchased the property for $255,000 in December 2013 from the Theresa M. Larimore Revocable Living Trust.

Ridgefield Abode
A 4,378-SF home in west Pulaski County’s Ridgefield Estates neighborhood sold for $678,000.

Rex and Deborah Critzer bought the 10-acre spread from Don and Kimberly Fowler.

The residence previously was tied to April 2013 mortgages of $417,000 and $64,800 held by IberiaBank Mortgage Co. of Lafayette, Louisiana.

The Fowlers acquired the property for $602,000 more than three years ago from Rex and Jane Bell.

Rivercrest Residence
A 5,992-SF home in Maumelle’s Rivercrest Estates neighborhood changed hands in a $600,000 transaction.

Peter Nikolakakis purchased the house from Robert and Tina Chastain.

The Chastains bought the property for $800,000 in May 2007.

The sellers were Albert and Sharon Reece.

Hallen Court Home
A 3,350-SF home in the Hallen Court neighborhood of west Little Rock’s Chenal Valley development rang up a $550,000 sale.

Don and Kimberly Fowler acquired the house from Crain Family Holdings LLC, led by Larry Crain Jr.

The deal is financed with a 30-year loan of $360,000 from IberiaBank Mortgage.

Brandon and Hope DeGroat forfeited the property in lieu of foreclosure three months ago to Crain Family Holdings, which held a September 2015 mortgage of $465,000.

The DeGroats purchased the location for $98,000 in July 2014 from Deltic Timber Corp. of El Dorado.

Chenal Circle Abode
A 3,548-SF home in west Little Rock’s Chenal Circle neighborhood drew a $542,000 transaction.

James and Kim Cherry bought the house from Darrell and Angela Baker.

The residence previously helped secure a November 2015 mortgage of $900,000 held by First Security Bank of Searcy.

The Bakers acquired the house for $520,000 in October 2015 from the Jack Harper Family Trust.

RV Refinance
The owner of a recreational vehicle dealership in Sherwood picked up a $3.3 million financial package.

PR Properties LLC, led by Paul Minton, received the five-year loan from Bank of the West of San Francisco.

The 9.65-acre River City RV development at 6721 Warden Road previously was linked with a November 2013 mortgage of $3 million and a November 2014 mortgage of $500,000 held by Arvest Bank.

The property was assembled in deals with Stafford Kees Jr. and his wife, Mary, $1.5 million in October 2001; and First Security Bank, $300,000 in July 2012.

Land Loan
A 21.95-acre tract in west Little Rock was used to secure a $2.4 million funding agreement.

Rowan Development LLC, led by Jasen and Jacob Chi, obtained the six-month loan from First Security Bank.

The land between the south end of Aldersgate Road and Shackleford Road previously was tied to a January 2008 mortgage of $3.2 million held by the bank.

The property was purchased for $3.3 million nearly nine years ago from ERC Foundation Inc., led by Mark Davis.

Seven-Digit Construction

Mini Storage     $3,800,000
601 Autumn Road, Little Rock
Richardson Builders LLC, North Little Rock
Infrastructure Upgrades    $2,000,000
416 W. Fourth St., Little Rock
Baldwin & Shell Construction Co., Little Rock
Popeye’s Chicken       $1,100,000
8815 Baseline Road, Little Rock
L.R. Mourning Co., Little Rock

Send this to a friend