That’s the price paid for the real estate associated with a quartet of health and fitness clubs in Little Rock and North Little Rock.
You might recall that Riley’s Health & Fitness Centers Inc., led by Pat Riley Jr., announced early this month the sale of the clubs to Little Rock Athletic Centers LLC.
The transaction includes three Little Rock properties: the Little Rock Athletic Club at 4610 Sam Peck Road, Little Rock Racquet Club at 1 Huntington Road and Downtown Athletic Club at 111 Center St.
The fourth piece of the deal is North Little Rock Athletic Club at 3804 McCain Park Drive.
You also might recall that the new ownership group includes Stephens Inc. executives: CEO Warren Stephens, Senior Managing Director Doug Martin, Managing Director Noel Strauss, General Counsel Jackson Farrow and EVP Brad Eichler.
Frank Lawrence is the CEO of the ownership group.