Courtyard Acquisition Checks In at $5.5M (Real Deals)

(Google Maps)

A 149-room hotel in west Little Rock tipped the scales at $5.55 million.

Financial LRock Blossom LLC of Solon, Ohio, purchased the Courtyard by Marriott  at 10900 Financial Centre Parkway from Skyline CM Little Rock LLC, an affiliate of Toronto’s Skyline Investments.

The deal is backed with a $9.2 million funding agreement with Access Point Financial LLC of Atlanta.

Skyline acquired the 4.2-acre development for $7.3 million in November 2017 from C2 Land Ltd. and CBM Two Hotels Ltd., affiliates of Clarion Partners in Dallas.

Office Transaction

A 12,584-SF office building in downtown Little Rock weighed in at $2.22 million.

Atara Inmon LLC, led by Thomas Darragh, bought the 321 Scott St. project from the Cashion Co., led by Matthew Cashion Jr.

The deal is financed with a 10-year loan of $1.8 million from Regions Bank of Birmingham, Alabama.

The 0.96-acre development was purchased for $644,000 in August 1998 from CJC Enterprises, led by Benson and Knight Cashion.

Cross Street Buy

A 15,850-SF commercial building in downtown Little Rock changed hands in a $950,000 deal.

TFI LLC, led by Chris Fowler and Jamie King, acquired the 323 S. Cross St. project.

The seller is Dempsey Real Estate Ltd., led by Paula Dempsey.

The deal is funded with a 20-year loan of $807,500 from First National Bank of Paragould. Paula Dempsey bought the 0.63-acre development for $250,000 in August 1996 from GBG Ltd., led by Marvin Graham.

Jacksonville Sale

A 5,400-SF office-warehouse project in Jacksonville sold for $305,550.

Kim Property Holdings LLC of Savannah, Georgia, purchased the Schwan’s Sales property at 2814 John Harden Drive from Cygnus Properties LLC of Marshall, Minnesota.

The 1.18-acre location was acquired for $45,000 in October 1989 from Harold and Mary Keathley.

The Arbors

A 4,449-SF house in The Arbors neighborhood of west Little Rock drew a $1.47 million transaction.

The Brenda & Harry Herget Family Living Trust bought the house from Thomas and Mary Jane Herr.

The Herrs acquired the 0.2-acre site for $146,500 in April 2021 from Graham Smith Construction LLC.

Falstone Court

A 4,173-SF home in the Falstone Court neighborhood of west Little Rock rang up a $985,000 sale. Subodh Devabhaktuni acquired the house from Thomas and Riley Lide.

The deal is backed with a 30-year loan of $837,250 from Affinity Federal Credit Union of Basking Ridge, New Jersey. The Lides bought the residence for $719,000 in April 2020 from MJ Innovative Builders Corp., led by Jamal Solaimanian.

Hallen Court

A 3,198-SF house in west Little Rock’s Hallen Court neighborhood is under new ownership after an $839,000 transaction. Arindam Majumdar and Rita Chowdhury purchased the residence from the Mike & Tina Talbert Joint Revocable Trust.

The deal is financed with a 30-year loan of $766,500 from Eustis Mortgage Corp. of Shreveport. The Talberts acquired the house for $575,000 in May 2018 from Chase and Casey Rackley.

Heights Home

A 3,040-SF home in the Heights area of Little Rock changed hands in an $800,000 deal. John Moore Jr. and his wife, Barbara, bought the house from the Beck Family Trust, led by Joseph Beck II; and the Lottie L. Beck Marital Deduction Trust.

The 0.33-acre site was purchased for $159,000 in December 1997 from Nathan and Gretchen Norton.

The Maisons

A 5,020-SF home in The Maisons neighborhood of west Little Rock sold for $780,000.

Shawn and Tierney Russell acquired the house from the Joe & Angie Gaer Revocable Trust.

The deal is funded with a 30-year loan of $340,000 from Eustis Mortgage Corp. of Shreveport.

The Gaers bought the residence for $652,000 in May 2007 from Coburn Construction LLC, led by Roger Coburn Jr.

Lamarche Place

A 4,910-SF home in the Lamarche Place neighborhood of west Little Rock drew a $720,000 transaction.

Lindsey Jumper purchased the house from Christopher and Kimberly Carroll. The deal is backed with a 30-year loan of $648,000 from Eagle Bank & Trust of Little Rock.

The Carrolls acquired the residence for $518,000 in June 2016 from Thomas Manning III and his wife, Nirvana.

Burger King Buy

FRP Maumelle LLC, led by Dominic Flis, paid the Susan S. Engstrom Revocable Trust $1.1 million for a 2,805-SF Burger King at 4227 Camp Robinson Road in North Little Rock.

Engstrom’s grandparents, J.F. and Rennie Thomas, bought the 0.81-acre site for $250 in January 1923 from Ellen Hardcastle.