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MacArthur Commons Draws $10.7 Million Sale (Real Deals)Lock Icon

5 min read

A 59-unit apartment complex in downtown Little Rock tipped the scales at $10.75 million.

MacArthur Commons LLC, led by David Thompson, sold its namesake project at 414 E. Capitol Ave.

The buyers are EPH 36 LLC of Denver; Pretzler MacArthur LLC of Littleton, Colorado; Leftin MacArthur LLC of Denver; and Craig and Talitha Fulmer.

The deal is backed with a three-yearloan of $7.5 million from Malvern National Bank.

The 1-acre development was acquired for $10.5 million in November 2015 from River Market South LLC, led by Jimmy Moses and Rett Tucker.

Industrial Sale

A 176,590-SF industrial project in south Little Rock weighed in at $6.31 million.

Little Rock Flex LLC, an affiliate of JDI Realty of Chicago, purchased the six-building Brandon Square Industrial Park at 8124 Scott Hamilton Drive and 3905 Cooperative Way.

The seller is Par-ma LLC, a local investment group originally led by Dickson Flake.

The deal is financed with a three-year loan of $5.2 million from Simmons Bank of Pine Bluff. Parma bought the 11.48-acre development for $5.8 million in May 2001 from the estate of William Brandon.

Office-Warehouse Buy

A 19,664-SF office-warehouse building in west Little Rock rang up a $3.49 million sale.

JLK Inc., led by Jerry and Peggy Kelley, acquired the 401 Hardin Road project, home to the U.S. Geological Survey.

The seller is JBW Enterprises LLC, led by the Jess B. Woods Trust.

Woods purchased the 2.57-acre development for $2.2 million in September 1994 from Grey Rock Real Estate Holdings Inc., led by Jim Moses, Jim Nosari and Ramsay Ball.

Virtual Purchase

A 24,450-SF warehouse-showroom in downtown Little Rock changed hands in a $1.55 million deal.

Arkansas Virtual Academy bought the former home of Today’s Office at 717 W. Seventh St.

The seller is Haybar Properties LLC, led by Bryan Hosto.

Haybar acquired the 0.72-acre development for $1 million 11 months ago from the Frances Rogers Buchanan Revocable Trust, John T. Rogers III, Margaret Eubanks and Gregory Rogers.

Acreage Acquisition

A 242.5-acre tract in east Pulaski County sold for $1.5 million.

Galloway I 40 South Development LLC, led by Raj Chakka, purchased the land at the southeast corner of Interstate 40 and Valentine Road.

The seller is Lena Belle Young Stafford Ltd., led by Robert B. Moore and William E. Moore.

The property was assembled by the Young family as part of two transactions totaling $93,460.

The sellers were Lita England, C.N. and Blanche Alexander and Margaret Valentine, $79,614 in June 1927; Union Trust Co., $8,846 in June 1927; and Eva Schaer, $5,000 in April 1942.

Duplex Development I

Seven duplexes in Jacksonville drew a $1.47 million transaction.

CKP Baby Snaggle LLC, led by Andrea Wilson, acquired Faith Townhouses at 700-714 and 800-810 Supreme Court.

The seller is the estate of Rory D. Smith.

The deal is funded with a $1.2 million loan from Eagle Bank & Trust of Little Rock.

The combined 3.33-acre property was purchased in June 2008 as part of a $109,000 deal with Marvin and Helen Greenfield.

Super Transaction

A 72-room motel in North Little Rock is under new ownership after a $1.2 million deal.

OM SAI Shiva Hotel LLC, led by Rohit Patel, bought the Super 8 project at 1 Gray Road. The seller is Jhankhana Inc., led by Kailash Patel.

The deal is backed with a 25-year loan of $1.2 million from Wallis Bank of Texas.

Jhankhana acquired the 4.2-acre development for $1.62 million in July 2000 from RTK Hotels LLC, led by Rajesh Mahta.

Duplex Development II

Eight duplexes in North Little Rock rang up a $757,000 sale.

TalRE 1 LLC, led by Adi Tal, purchased the project at 2100-2112 and 2200-2212 Virginia Drive.

The seller, Michael Glaze Investments LLC, financed the deal with a $440,000 mortgage.

The 1.38-acre development was bought for $558,000 in August 2002 from the Eli S. Davis & Antoinette C. Davis Joint Revocable Trust.

Office Property

A 4,160-SF office building in midtown Little Rock changed hands in a $600,000 deal.

Perception Check LLC, led by Victor Werley, acquired the 5600 W. Markham St. project.

The seller is JTD Midtowne Investments LLC, led by Jason Dickinson.

The deal is funded with a five-year loan of $511,250 from First Arkansas Bank & Trust of Jacksonville.

JTD purchased the 0.3-acre development for $263,000 in November 2011 from the Virginia L. Chandler Living Trust.

WLR Land

A 0.38-acre commercial parcel in west Little Rock sold for $225,000.

Roach Ltd. No. 1, led by Gary Roach Sr., bought the land on the west side of Kanis Plaza at 10809 Kanis Road. The seller is Phillips Development Corp., led by Amanda Raible.

The property was part of an 89-acre tract acquired for $2.6 million in June 1995 from the Federal Deposit Insurance Corp.

Med Space

A 1,604-SF medical office in west Little Rock drew a $160,400 transaction.

Baptist Health purchased the space on the ninth floor of the Medical Towers II Building at 9501 Baptist Health Drive from MLB Property Holdings LLC, led by Brian Mears.

MLB bought the property for $100,000 in August 2017 from Anne R. Trussell M.D. PLLC.

Chenal Circle

A 4,439-SF home in west Little Rock’s Chenal Circle neighborhood tipped the scales at $1.06 million.

Daniel and Ellen Williams acquired the house from Jeffrey Dennis Jr.

The deal is backed with a 30-year loan of $554,842 from Arkansas Federal Credit Union of Little Rock.

Dennis bought the residence for $560,000 in November 2018 from the Internal Revenue Service.

The IRS recovered the property from Allan Siebert in connection with his guilty plea to tax evasion and operating an illegal gambling business for running the Chicot Game Room in Mabelvale.

Siebert purchased the house in Sep-tember 2001 for $650,000 from Linda Schmidt and James Schmidt.

The Arbors I

A 4,244-SF home in The Arbors neighborhood of west Little Rock is under new ownership after an $829,000 transaction.

Bradley and Karen Clothier bought the house from John and Kristi Kennedy.

The deal is financed with a 30-year loan of $589,000 from Arvest Bank of Fayetteville. The Kennedys acquired the residence for $730,000 in May 2007 from Byron Holmes Construction Inc.

The Arbors II

A 4,169-SF home in The Arbors neighborhood of west Little Rock rang up a $795,000 sale.

Joe and Sharon Hester purchased the house from Christopher and Jessica Palmer.

The deal is funded with a 30-year loan of $636,000 from Simmons Bank.

The Palmers bought the residence for $645,000 in May 2017 from Christopher and Colleen Michaelis. 

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