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Convenience Store Trio Packaged in $2.8M Transaction

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Three convenience stores in Lonoke County, residential property in Saline County, an eatery in Cabot and a future restaurant location in Conway form our group of multimillion-dollar transactions this week.

• JRM4 LLC, led by Jackie McClure, purchased Citgo and Exxon projects at 1504 and 1515 N. Bankhead Drive in Carlisle and a Shell project at 1695 N. Center St. in Lonoke for nearly $2.8 million.

Sellers? W.J. Reed III and his wife, Billie, and Steven and Debbie Reed.

• An affiliate of Rausch Coleman Homes of Fayetteville acquired 50 lots in Alexander for about $1.8 million.

Seller: Meadows Edge Co. LLC, led by Rick Ferguson.

• BRM Foods Inc. of Searcy sold a KFC at 1003 W. Main St. in Cabot for almost $1.3 million.

Buyer: An affiliate of a Canadian venture, Franchise Management Inc. of Woodstock, New Brunswick.

• An affiliate of Hideaway Pizza in Tulsa bought a 1.7-acre site at 1170 S. Amity Road in Conway for $1 million.

Seller: Lewis Crossing LLC, led by John Collett.

Hideaway recently opened its first Arkansas pizzeria on Warden Road in North Little Rock.

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