1400 Gregory St. project in North Little Rock.
An 87,500-SF cold storage facility in North Little Rock tipped the scales at $1.56 million.
North Little Rock 1400 LLC of Downey, Calif., bought the 1400 Gregory St. project from Frostyaire of Arkansas Inc., led by James Thomas Jr.
The 15.3-acre development previously helped secure July 2008 mortgages of $7.25 million and $500,000 held by First Community Bank of Batesville.
The property was acquired as part of a $7.16 million deal with Gregory Street Properties Inc., an affiliate of Park National Bank of Oak Park, Ill.
Dollar Deal
A Dollar General Store in North Little Rock rang up a $1.43 million sale.
ATIQ VIII LLC, led by Omar Atiq, purchased the 4523 Camp Robinson Road project. The seller is PB General Holdings Camp Robinson LLC, led by Scott Proctor.
The deal is financed with a $1.14 million loan from First Federal Bank of Harrison. The 0.77-acre development previously was tied to a July 2012 mortgage of $1.04 million from Summit Bank of Arkadelphia.
The location was bought for $424,000 eight months ago from Twilight Enterprise Ltd. of Salt Lake City.
Multifamily Sale
A 24-unit apartment project in downtown Little Rock is under new ownership after a $700,000 transaction.
NuAge Property Developers LLC, led by James McDaniel and Barry Jackson, acquired Louisiana Terrace Apartments at 1717 Louisiana St.
The seller is DuPriest Family Partnership, led by Tommy DuPriest.
The 0.67-acre property was purchased for $193,000 in August 1966 from Louisiana Terrace Apartments Inc., led by Eugene Pfeifer Jr.
Autozone Site
A 0.58-acre commercial property in North Little Rock changed hands in a $525,000 deal.
Autozone Development Corp. of Memphis bought the property on the east side of Camp Robinson Road between 38th and 41st streets from Charles and Betty Wade and the Charles D. Wade Living Trust.
The land was assembled in three deals totaling $170,000.
The sellers were Bird & Bear Enterprises Inc., led by Jay Heflin, $70,000 in June 1994; Gretchen and Vincent Marchese, $45,000 in June 1995; and the estate of Kathryn Louise Tarkington, $55,000 in August 2008.
Centerpoint Property
A 1.8-acre industrial location in North Little Rock sold for $348,000.
Centerpoint Energy-Mississippi River Transmission LLC of Houston, Texas, purchased the site at 5441 Northshore Drive from Pfeifer Family Ltd. No. 1, led by Gene Pfeifer.
The property previously helped secure a June 2006 mortgage of $2.4 million held by Little Rock’s Bank of the Ozarks.
The property was bought in May 2000 for $2.1 million as part of a 600-acre deal with Karen Smith Riecke and North Shore Ltd., led by Harold Tenenbaum.
J&Z Acquisition
A 7,000-SF commercial project on the southern outskirts of Little Rock drew a $218,000 transaction.
J&Z Properties LLC of Sunnyvale, Texas, acquired the 410 Pratt Road project from R.W. Ramsey Realty Co. of Ramsey, N.J.
Ramsey Realty purchased the 5.98-acre development for $120,000 in April 1998 from Service Supply Co., led by Frank Owings Jr.
Woodland’s Home I
A 3,800-SF home in west Little Rock’s Woodland’s Edge neighborhood rang up a $530,000 sale.
Harrison and Kathryn Starnes bought the house from Jay and Magen Stewart. The deal is funded with a 30-year loan of $530,000 from Suntrust Mortgage Inc. of Richmond, Va.
The residence previously was linked with a May 2012 mortgage of $75,500 held by Centennial Bank of Conway.
The property was acquired for $89,000 in April 2011 from Rector Phillips Morse Inc. of Little Rock.
Woodland’s Home II
A 4,190-SF home in west Little Rock’s Woodland’s Edge neighborhood is under new ownership after a $528,000 deal.
Chad and Heather Brown purchased the house from Sharlow Builders & Developers LLC, led by Reggie Clow.
The deal is backed with a 30-year loan of $417,000 from Carroll Mortgage Group Inc. of Little Rock and a 15-year loan of $63,800 from TruService Community Federal Credit Union of Little Rock.
The residence previously was tied to a February 2012 mortgage of $428,000 held by One Bank & Trust of Little Rock.
The location was bought for $83,000 in February 2012 from Rocket Properties LLC, led by Ron Tyne.
Adcare Financing
Three nursing home projects in Pulaski County are helping secure a $16.5 million funding agreement.
Affiliates of Adcare Health Systems Inc. of Columbus, Ohio, obtained the two-year loan from Keybank of Cleveland.
The 4.77-acre Northridge Healthcare & Rehabilitation Center development at 2501 John Ashley Drive in North Little Rock and the 1.34-acre Woodland Hills Rehabilitation & Healthcare Center at 8701 Riley Drive in west Little Rock previously were linked with an April 2012 mortgage of $21.8 million held by Privatebank & Trust Co. of Chicago.
The 1.89-acre Abington Place Health & Rehab Center at 1516 Cumberland St. in downtown Little Rock previously was tied to an April 2012 mortgage of $3.4 million held by Metro City Bank of Atlanta.
Northridge HC&R Property Holdings LLC acquired its 140-bed namesake project a year ago from Northridge Arkansas LLC of Chicago for $5.6 million.
Woodland Hills HC Property Holdings LLC bought its 140-bed namesake project a year ago from Woodland Arkansas LLC of Chicago for $4.5 million.
APH&R Property Holdings LLC purchased the 120-bed Abington project a year ago from SCLR LLC, led by Rick Wilson of Royal (Garland County), for $3.6 million.
Willow Bend Loan
A 100-unit apartment project in Jacksonville is backing a $2.7 million financial package.
Willow Bend Apartments LLC of West Hollywood, Calif., received the loan from Wells Fargo Bank of Sioux Falls, S.D.
The 5.2-acre development at 300 Marshall Road previously was linked with a September 2008 mortgage of $1.8 million held by One Bank & Trust.
The property was acquired for $2.6 million more than four years ago from Marshall Management Inc., led by Donald Marshall Jr.
Riverdale Refinance
The owner of a 76,000-SF office building in Little Rock’s Riverdale area picked up a $2.4 million mortgage.
Riverdale Office Properties LLC, led by Ron Clark, obtained the seven-year loan from Delta Trust & Bank of Little Rock.
The Raymond James Building project at 100 Morgan Keegan Drive previously was linked with an April 2010 mortgage of $2.5 million held by the bank.
The 3.54-acre site for the five-story project was bought for $890,000 in October 1993 from Pleasant Valley Inc., led by Marion Burton. The original ownership group was composed of:
- Riverdale Office Corp., led by its president, Mark Lee, 30.74 percent.
- Morgan Keegan & Co., 18.52 percent.
- FJW Investment Co., led by Watty Wills, 14.81 percent.
- Beechwood Investments LLC, led by Randy and Karen Mourot, 7.41 percent.
- Motel Sleepers Inc., led by Leon Catlett, 7.41 percent.
- Medical Response Inc., led by William Fiser, 7.41 percent.
- Riverdale Holdings Inc., led by Doug Coy, 5 percent.
- The Hathaway Group Inc., led by Jim Hathaway, 5 percent.
- Strauss Properties Inc., led by Sam Strauss, 3.7 percent.
Seven-Digit Construction
Hilton Garden Inn
$6,500,000
10914 Kanis Road, Little Rock
Rajen Vyas, Maumelle
Wilson Treatment Plant Upgrades
$1,850,000
338 Pleasant Valley Drive, Little Rock
Van Horn Construction Inc., Russellville
Clubhaus Fitness
$1,300,000
1207 Rebsamen Park Road, Little Rock
C.R.Crawford Construction Co., Fayetteville
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