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Danville Building Sale Surpasses $15 Million (Real Deals)Lock Icon

4 min read

A 95,960-SF office building in west Little Rock weighed in at $15.75 million.

Nephropathology Associates PLC, led by Chris Larson, bought the Danville Building at 10810 Executive Center Drive. The seller is STP Westlake Ltd., an affiliate of Silver Tree Partners in Dallas.

The deal is backed with a 10-year loan of $11.9 million from Simmons Bank of Pine Bluff.

STP Westlake purchased the 5.34-acre development in May 2017 as part of a $45.1 million deal with ISB Investors LLC, led by Jim Irwin.

Eagle Suites

A 48-room motel in south Little Rock tipped the scales at $2 million.

Titan General Contractors LLC, led by Debra Hope and Abigail Reaves, acquired the Eagle Suites Motel at 7500 S. University Ave. The seller is CKM Holdings LLC, led by Kasia Pabian.

The deal is funded with a four-year loan of $3.2 million from First Service Bank of Greenbrier.

The 6.1-acre development was bought for $600,000 in October 2019 from Heritage House LLC, led by Nolana Whisnant.

Industrial Buy

A 125,522-SF industrial complex in Little Rock rang up a $1.29 million sale.

4200 Hoerner LLC, led by Justin Muller and Drew Holbert, purchased the former Colonial Baking project at 4200 Hoerner Road.

The seller is THG Payne LLC, led by Bryan Hosto and David Payne. The deal is financed with a 22-year loan of $3.8 million from Relyance Bank of Pine Bluff.

THG acquired the 13.72-acre development in August 2018 at a $550,000 foreclosure sale. The previous owner was Tri-Star Properties LLC, led by Walter Anderson.

Acreage Acquisition

More than 915 acres in east Pulaski County changed hands in a $1.15 million deal.

Jimmy and Vanessa Crossfield and Todd Bingham bought the land lying almost entirely on the west side of Highway 161 about 8 miles south of Scott from the estate of James Robert Alexander.

The deal is backed with a five-year loan of $500,000 from First Security Bank of Searcy.

The bulk of the land, which extends southwest to the Arkansas River, was acquired for an undisclosed sum in February 1955 from Florence Scroggin. A small piece was purchased in March 2012 as part of a $240,000 deal with Hays Gin Co. LLLP, led by James Laidlaw.

Office Purchase

A pair of 5,084-SF office buildings in Maumelle sold for $899,000.

Jason and Sarah Everett acquired Winner’s Plaza at 501 Millwood Circle from Woodmont Maumelle LLC, led by Tice Brown.

The deal is financed with a three-year loan of $876,906 from First Security Bank.

Woodmont bought the 2.34-acre development for $825,000 in March 2018 from Flake & Kelley Management Inc., as receiver for Ron Lazenby’s RWL Investments.

Romano’s Redux

A vacant 7,090-SF restaurant in west Little Rock drew a $850,000 transaction.

Juan Reyes purchased the former Romano’s Macaroni Grill at 11100 W. Markham St. from DB Triple Dipper Restaurant II LLC, an affiliate of Fortress Investment Group of New York.

The deal is funded with a five-year loan of $350,000 from First Security Bank.

The 2.64-acre development was acquired for $2.5 million in December 2016 from Centre Structured Trust 2 of New York.

Tire Transaction

A 7,200-SF tire center in Jacksonville is under new ownership after a $750,000 deal.

Kirk’s Holding Co. LLC, led by Peter Kirk, bought the Kirk’s Service & Tire project at 6350 T.P. White Drive. The seller is Maritime Ventures LLC, led by Joe Lacey and Stephen Huff.

The deal is backed with a five-year loan of $564,800 from First Security Bank. The 4.84-acre property was purchased for $150,000 in August 2006 from Bobby Burnett.

Baseline Property

A 9,000-SF auto-repair facility in southwest Little Rock rang up a $385,000 sale. Jose Perez acquired Zoom Auto Sales & Repairs at 8400 Baseline Road from John and Karen Hartnack.

Hartnack Investments LLC of Dallas provided a 15-year mortgage of $346,500 to fund the deal.

The Hartnacks bought the 0.92-acre development for $200,000 in December 1996 from Alfred Kahn Jr.

Agri Land

Farmland in southeastern Pulaski County changed hands in a $371,437 deal.

Randy Thomas purchased 96.69 acres along Harper Road about 2.5 miles southeast of the Sweet Home community from Resicomm Properties LLC, led by Bryan and Sonja Glaze.

The deal is financed with a 44-month loan of $378,000 from First Security Bank.

Resicomm acquired the land in April 2016 as part of a $4.5 million deal with Kingridge Enterprises Inc., led by Mark Jackson.

Main Street Argenta

A 5,799-SF commercial building in downtown North Little Rock drew a $260,000 transaction.

Main By Mid City Development LLC, led by Ankur Patel and Chintu Magan, bought the 1333 Main St. project. The seller is Nutt Enterprises, led by David Nutt.

The deal is backed with a five-year loan of $218,000 from Arvest Bank of Fayetteville.

The 0.6-acre site was assembled in three deals with Matthews Co., led by James P. Matthews, $56,000 in July 1973; Wilma Matthews, $13,000 in September 1974; and W.A. Rogers Jr. and his wife, Patricia, $1,000 in March 1979.

Bretagne Circle

A 5,417-SF home in west Little Rock’s Bretagne Circle neighborhood weighed in at $1 million.

The Matt & Kelly Reddin Family Trust acquired the residence from the Virginia L. Shell Revocable Trust.

The deal is financed with a 16-year loan of $800,000 from Regions Bank of Birmingham, Alabama.

The location was bought for $165,000 in December 1996 from El Dorado’s Deltic Farm & Timber Co.

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