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Jacksonville Apartment Combo Totals $5MLock Icon

2 min read

This week’s roster of million-dollar real estate transactions kicks off with a string of Jacksonville apartments.

► TRI Jacksonville Properties LLC of Lakewood, New Jersey, bought the 92-unit Park Place project at 621 and 700 Poplar St., the 56-unit Windgate Square project at 701 Poplar St., the 46-unit Stone Village project at 300 S. Hospital Drive and the eight-unit Southview project at 1201 South Road for nearly $5 million.

Seller: TRI 5 Jacksonville LLC, an affiliate of Fort Smith’s Trinity Multifamily.

► Dhara Hospitality Inc., led by Naresh Patel, sold the 59-room Days Inn at 1505 N. Bobby L. Glover Highway in Carlisle for $1.4 million.

Buyer? Simran Hospitality LLC, led by D.H. Patel and Nisa Nolan.

► Taylor Mercantile LLC, an affiliate of Mountain Express Oil Co. of Acworth, Georgia, purchased a 5,860-SF convenience store-restaurant combo at 1514 N. Bobby Glover Highway in Carlisle for $1.2 million from Marketplace Property #3 LLC of Memphis.

► GR Properties AR Little Rock LLC, an affiliate of Grassroots Cannabis of Chicago, sold the 7,592-SF Herbology project at 7303 Kanis Road in Little Rock for $1.1 million.

Buyer: NLCP 7303 Kanis RD AR LLC, an affiliate of NewLake Capital Partners.

► Two Rahling Centre LLC, led by John Rees, acquired a 5,440-SF mixed-use project highlighted by Hogwash Detail at 7708 Cantrell Road and Taqueria La Pasadita at 7706 Cantrell Road for $1.1 million.

Seller? Cantrell Tunnel Wash LLC, led by Edward Bailey and James Harkins.

► Frank Shaw Properties LLC sold 31 lots in the Matthews Meadows neighborhood of Conway for $1 million to Rausch Coleman Conway LLC, an affiliate of Fayetteville’s Rausch Coleman Homes.

Seven-Digit Construction

Office Renovation    $2,109,000
1400 Centerview Drive, Little Rock
Baldwin & Shell Construction Co., Little Rock

Pediatrics Plus Remodeling    $1,000,000
4901 Northshore Drive, North Little Rock
Corco Construction LLC, Little Rock

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