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Clinical Transaction Checks In at $1.5M (Real Deals)Lock Icon

4 min read

A 9,008-SF office building in North Little Rock weighed in at $1.5 million.

Chi Arthritis & Rheumatology Associates PLLC, led by Dr. Jasen Chi, acquired the 2411 McCain Blvd. project. The seller is Blackburn Capital LLC, led by Todd Stewart.

The deal is financed with a five-year loan of $1.2 million from Central Bank of Little Rock.

Blackburn Capital bought the 0.84-acre development for $1.1 million in January 2019 from Lakewood Place LLC, led by William Hixson.

Squared Deal

A 12,000-SF office-service garage in Sherwood tipped the scales at $1.3 million. JG Squared LLC, led by James Greene, purchased the Rocktown Services project at 241 Newman Drive.

The seller is LBW Properties LLC, led by Mark Winstead.

The deal is backed with a five-year loan of $1 million from Simmons Bank of Pine Bluff.

LBW Properties acquired the 2.26-acre site for $55,000 in August 2012 from Centennial Bank of Conway.

SQRL Transaction

A 902-SF convenience store in south Little Rock rang up a $700,000 sale.

Sherwood Street LLC, led by Mohammad Farooq, bought the VP Fuels project at 6828 Col. Glenn Road from the Filmore Evan Smith Living Trust.

The deal is funded with a $490,000 loan from Centennial Bank.

The trust acquired the 0.6-acre development for $2 million in July 2023 from Arkagas LLC, an affiliate of Gorgon Capital Management in Miami.

Standard Development Co. LLC, led by Joseph Blake Smith, founder of the now insolvent SQRL convenience store chain, sold the project in June 2022 to Arkagas for a reported $1.8 million.

That transaction was preceded by Standard Development purchasing the property for $850,000 in June 2022 from Royal Investment LLC, led by Anwer Hemani and Aziz Lalani.

Pinnacle House

An 11,000-SF office-warehouse property in downtown Little Rock drew a $545,000 transaction.

KAB Group Residential Real Estate LLC, led by William L. Walker Jr., acquired the Pinnacle House project at 1020 W. Daisy L. Gatson Bates Drive.

The seller, Lakeland West Capital 38 LLC of Waco, Texas, provided a $495,000 mortgage to back the deal. Lakeland West recovered the 0.96-acre development at a $585,000 foreclosure sale in January 2021 from Little Rock Community Mental Health Center Inc., led by Michael Woods.

River Ridge Manor

A 9,108-SF home in Little Rock’s River Ridge Manor neighborhood weighed in at $2.3 million.

WE Realty Co., led by Codney Washington, purchased the house from the Eugene Edward Sloan & Moyuen Mimi Lee Living Trust.

Sloan and Lee bought the residence for $781,000 in June 2005 from Carrick and Patti Patterson.

The Pattersons acquired the property for $499,000 in June 1990 from Gene and Jane Proffitt.

Germay Court

A 5,127-SF home in west Little Rock’s Germay Court neighborhood tipped the scales at $1.6 million.

Andrew and Kelli Williams bought the house from Peter and Leslie Biagioni. The deal is financed with a 30-year loan of $766,500 from Encore Bank of Little Rock.

The Biagionis purchased the 1.71-acre site for $170,000 in September 2003 from El Dorado’s Deltic Timber Corp.

Hickory Pointe

A 4,709-SF home in west Little Rock’s Hickory Pointe neighborhood sold for $975,000.

The Ad Astra JPJ Revocable Trust, led by Todd Jacobs and Elizabeth Price, acquired the house from Emily Gregory.

The deal is backed with a 30-year loan of $877,500 from Cadence Bank of Tupelo, Mississippi. The 0.31-acre site was bought for $96,000 in August 2013 from James and Angela Jett.

Falstone Court

A 3,392-SF home in west Little Rock’s Falstone Court neighborhood changed hands in an $819,500 deal. Don and Suzanne Wilson purchased the house from Troy and Shannon Duke.

The deal is funded with a 30-year loan of $435,346 from Farmers Bank of Greenwood. The Dukes acquired the residence for $610,000 in January 2022 from Jim Pace Homes LLC.

The Courts

A 4,858-SF home in The Courts neighborhood of west Little Rock is under new ownership after a $765,000 transaction. William and Krista Keller bought the house from David Danjou and Alissa Kanaan.

Danjou and Kanaan acquired the residence for $635,000 in April 2021 from Kevin and Holly Driver.

The 0.35-acre site was purchased for $92,000 in August 2013 from Bill Hannah Homes Inc.

Westover Hills

A 3,027-SF home in Little Rock’s Westover Hills neighborhood rang up a $724,000 sale.

The Overton Family Revocable Trust, led by Ford and Stephanie Overton, acquired the house from Austin and Lauren Grinder.

The Grinders purchased the residence for $595,000 in May 2020 from Smart Development LLC, led by Robert Perry.

Smart Development bought the 0.19-acre property for $145,000 in May 2019 from Cassandra Barnett.

Villages of Wellington

A 2,963-SF home in west Little Rock’s Villages of Wellington neighborhood drew a $655,001 transaction.

The SNAC Trust, led by Sean and Noelle Coughlan, purchased the house from the Gaines Family Revocable Trust, led by Bradford and Carrie Gaines.

The Gaines family acquired the 0.36-acre site for $49,500 in November 2014 from Winrock Enterprises Inc., led by Russ McDonough Jr.

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