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Larry Crain Leads Land Swap in Conway

1 min read

A Conway property swap near the northwest interchange of Dave Ward Drive and Interstate 40 yielded a flip-flop of ownership.

Crain Investments Ltd., led by Larry Crain Sr., sold 3.4 acres along Amity Road south from the entry to TruckPro Conway.

The land was valued at nearly $1.5 million.

In exchange, the limited partnership bought 3.78 acres on the north side of the Crain Kia dealership at 810 S. Amity Road for more than $1.2 million.

Crain’s trading partner? The William Major Lewis Trust.

Meanwhile, over in Lonoke County …

Ag Partners LLC, led by Joel Whicker and Stephanie Hildebrand Smith, acquired more than 1,477 acres of mostly farmland for $4.2 million.

The bulk of the property is about 3.5 miles southeast of Cabot as the crow flies, south of Wattensaw Bayou and along Danie Glover Road.

Sellers? Gary, William and Douglas Bennett.

And down in Pulaski County …

An affiliate of Formation Capital of Atlanta bought the 70-room Chenal Rehabilitation & Healthcare Center at 3115 S. Bowman Road in west Little Rock for $3.5 million.

Seller: An affiliate of GE Capital of Norwalk, Connecticut.

Coolwood Properties LLC, led by Chris Ligon, sold its 16-unit condo project in Little Rock for $1 million.

Buyer? 1 Coolwood Drive LLC of Cortlandt Manor, New York.

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