The Kohl’s at 7600 Warden Road in Sherwood.
An 89,724-SF department store in Sherwood weighed in at $9 million.
Spirit Master Funding IX LLC, an affiliate of Store Capital of Scottsdale, Arizona, bought the Kohl’s at 7600 Warden Road. The seller is R&L Sherwood LLC, led by Tommy Lassiter.
The 7.6-acre development previously was tied to an April 2004 mortgage of $6.9 million held by the Lincoln National Life Insurance Co. of Fort Wayne, Indiana.
R&L, through RBR Joint Venture, assembled the land as part of three deals with Larry and Myra Shelton in June 1996, April 1997 and October 1997 totaling $850,000.
Electrical Transaction
An 18,680-SF electrical subcontracting complex in North Little Rock shifted ownership in a $636,000 transaction.
Rogers River Holdings LLC, led by Jonathan Rogers, purchased Arnold & Blevins Electric Co. at 3716 Harold St. from the W.W. Arnold Jr. & Sharon Arnold Trust No. 1.
The 1.68-acre development was assembled in four transactions totaling $323,000.
The sellers were M.E. and Ruth Wit-kowski, $8,000 in May 1974; Advance Heating & Air Conditioning Inc., led by Jerry Oldridge, $52,000 in August 1986; the Howell H. Heck Jr. Revocable Trust, $200,000 in May 1998; and James Family Properties, led by D.M. James, $63,000 in June 1999.
Electrical Foreclosure
An 8,316-SF commercial building in west Pulaski County changed hands in a $506,096 foreclosure sale.
Little Rock’s Bank of the Ozarks recovered the LRE Royal Electrical Contractors facility at 13008 Lawson Road from MD & GE LLC, led by Michelene and George Smith.
The 2.32-acre development previously was linked with a January 2013 mortgage of $1.5 million held by the bank. The property was assembled in two buys totaling $92,000.
The sellers were Robert and Bona Bauman, $17,000 in October 1979; and the Gail Matthews Living Trust, $75,000 in September 2006.
Cadena Recycled
A 15,948-SF warehouse in North Little Rock sold for $260,000.
Clark-Edwards LLC, led by John Clark and Denise Edwards, acquired the former home of Cadena Contracting Inc. at 4300 Division St. from Arvest Bank of Fayetteville.
The deal is backed with a $308,846 loan from Centennial Bank of Conway.
The 3.36-acre development, which includes a separate 2,600-SF building, was recovered by North Little Rock’s National Bank of Arkansas in June 2012 as part of an $823,500 foreclosure sale.
Arvest inherited the property with its $9.6 million purchase of NBA in 2013.
Estates Sale
A 5,550-SF manor in west Little Rock’s Valley Falls Estates neighborhood tipped the scales at $1.05 million.
Shahid Hameed bought the house from Standard Properties LLC, led by David and Richard Gulley.
The deal is financed with a 25-year loan of $840,000 from Regions Bank of Birmingham, Alabama. The residence previously was tied to an August 2011 mortgage of $1.2 million held by BancorpSouth Bank of Tupelo, Mississippi.
Standard Properties acquired the property for $1.5 million more than three years ago from Christopher and Elizabeth Maris.
Rural Residence I
A 6,077-SF home near Roland rang up a $968,180 sale.
Kelli Heathman purchased the house from William and Jessica Parkinson. The deal is funded with a 30-year loan of $774,544 from the Bank of England.
The residence previously was linked with a November 2012 mortgage of $565,000 held by Regions Bank.
The Parkinsons bought the location for $140,000 in August 2008 from River Valley View Estates LLC, led by Mark Baker.
Broadview House
A 3,768-SF home in Little Rock’s Broadview neighborhood is under new ownership after a $680,000 deal.
3 Broadview Drive LLC, led by Michael Lasiter, acquired the house from Michael and Lee Whitlock.
The deal is backed with a five-year loan of $544,000 from Arvest Bank. The residence previously was tied to a January 2012 mortgage of $575,000 held by ING Bank of St. Cloud, Minnesota.
The property was purchased for $720,000 in September 2008 from Fred and Cathy Stone.
Rural Residence II
A 5,283-SF home in west Pulaski County drew a $645,000 transaction.
Rickey and Melanie Ryals bought the Falcon Ridge Estates house from Bradford and Marilyn Ewing.
The residence previously was linked with a September 2011 mortgage of $376,500 held by CBC National Bank of Alpharetta, Georgia. The Ewings acquired the 5-acre property for $50,000 in March 2001 from Ray and Cherye Riggs.
Charter Mortgage
Expansion of a charter school in Maumelle is backed with an $11.3 million funding agreement.
Maumelle Foundation for Education Inc., led by Luke Ribich, got the 25-year loan through the Arkansas Development Finance Authority. The 3.6-acre Academics Plus Charter School property at 900 Edgewood Drive previously was tied to a December 2010 loan of $6.3 million through ADFA.
The land was assembled in three transactions totaling $697,000.
The sellers were DeHaven Group LLC, led by Jay DeHaven, $35,000 for a 0.74-acre tract in August 2002; Bill and Harriett Halley, $62,000 for a 0.56-acre tract in September 2002; and Bob and Shannon Fewell, 2.3 acres for $600,000 in December 2004.
Freeway Funding
The owner of medical office projects in west Little Rock and North Little Rock picked up a nearly $8.2 million financial package.
Freeway Park Properties LLC, led by Dr. Tim Langford, obtained five-year loans of $4.8 million and $3.3 million from IberiaBank of Lafayette, Louisiana.
The 37,900-SF Arkansas Urology project at 1300 Centerview Drive in west Little Rock previously was linked with June 2011 mortgages totaling $7.7 million held by the bank.
Freeway Park Properties assembled the property in two December 1999 deals totaling $1.1 million. The sellers were Westrock Partnership, led by Robert Vogel, $818,000, and the estate of Billy Bridewell, $359,000.
In addition to the 4.65-acre Arkansas Urology development, the funding is secured by an adjoining 2.96-acre tract. The land, purchased for $388,000 in 2011 from James and Jo Ann Watts, previously was tied to a November 2013 mortgage of $618,000 held by IberiaBank.
The new loans also are secured by the 15,930-SF Arkansas Urology project at 4200 Stockton Drive in North Little Rock and an adjoining 0.66-acre parcel.
The 1.74-acre clinic site was ac-quired for $777,000 in March 2010 from Woodcrest Co. LLP, led by James P. Matthews. The parcel was bought for $297,000 in May 2010 from Woodcrest.
The North Little Rock clinic previously was linked with a June 2011 mortgage of $4.1 million held by IberiaBank.
Land Loan
About 60 acres of undeveloped commercial property in Little Rock’s Gateway Town Center development was used to secure a $3.6 million mortgage.
Town Center LLC, led by Tommy Hodges, received the two-year loan from Malvern National Bank.
The property at the southwest corner of Interstates 430 and 30 was part of a four-part assembly of 176 acres in January 2002 deals totaling more than $2.4 million.
The sellers were Canadian Pacific Properties Inc. of Alberta, Calgary, $1.46 million; Otter Creek Development Co. LLC, led by Robert McGinnis and Byron Eiseman, $784,000; Cynthia Keaton, $143,000; and the Jennifer Mae Kochtitzky Trust No. 2, $81,390.
Sign up for Daily E-news
