A 59-unit apartment project in downtown Little Rock weighed in at $10.5 million. MacArthur Commons LLC, led by David Thompson, bought its namesake project at 414 E. Capitol Ave.
The seller is River Market South LLC, led by Jimmy Moses and Rett Tucker.
The deal is backed with a three-year loan of $7.5 million from Malvern National Bank.
The 1-acre development previously was linked with a July 2014 mortgage of $6.4 million held by BancorpSouth Bank of Tupelo, Mississippi.
The property was purchased in October 2005 as part of a nearly $5 million deal with the Arkansas Teacher Retirement System.
Wingate Purchase
A 93-room hotel in west Little Rock tipped the scales at $5.7 million.
LRWINS Hospitality LLC, led by Yogesh Asudani, acquired the Wingate by Wyndham at 1212 S. Shackleford Road from Little Rock Lodging LLC of Aberdeen, South Dakota.
The deal is financed with one-year loans of $4.5 million and $500,000 from First Arkansas Bank & Trust of Jacksonville.
The 1.86-acre development previously helped secure a January 2006 mortgage of $15.5 million held by LaSalle Bank of Chicago.
The location was bought for $945,000 in July 2001 from Big Town LLC, led by Mark Lee, Dr. William P. Fiser Jr. and Teresa Fiser.
Slim Transaction
A Little Rock restaurant changed hands in a $2.9 million sale.
A&J Lin LLC of Pleasanton, California, purchased the Slim Chickens at 7514 Cantrell Road from Fayetteville’s SC 7 Cantrell LLC, led by Tom Gordon and Dewitt Smith.
The development was funded with a three-year loan of $1.9 million from Arvest Bank of Fayetteville.
The 0.7-acre site was acquired for $810,000 in December 2014 from C&J Jernigan Investments LLC, led by the Charles & Jo Ann Jernigan Revocable Trust.
Baptist Acquisition
A 6,525-SF office building in west Little Rock shifted ownership in a $946,135 transaction.
Baptist Health bought the Arkansas Baptist Foundation project at 10117 Kanis Road from ABF Office LLC, led by Bobby Thomas.
The 1.5-acre site was purchased in February 1998 as part of an $84,000 deal with Baptist Health.
Agri Land
A nearly 199-acre agri tract in east Pulaski County drew a $497,425 sale.
K&D Huchingson LLLP, led by Kevin Huchingson, acquired the land along the east side of Plum Bayou south of Walter Estes Road, a mile east of Highway 161. The sellers are James and Susan Alexander.
The Alexander family has owned the land for more than a century.
Warehouse Sale
A 10,400-SF office-warehouse in southwest Little Rock rang up a $310,000 transaction.
I.U.P.A.T. District Council 80 Building Co. of Kenner, Louisiana, purchased the 10112 Chicot Road project from The Spin-Off Inc., led by Paul Eaton.
The 4.77-acre property was acquired for $300,000 in April 1998 from David and Naomi Woodall.
Commercial Ground
A 3.02-acre parcel in North Little Rock sold for $192,500.
GJ NLR Properties LLC, led by Asif Hemdani, bought the land on the east side of the Cypress Crossing project at 11100 U.S. 165.
The seller is Hwy 165 Development LLC, led by David Dunn.
The deal is backed with a $154,000 loan from Centennial Bank of Conway.
The property previously was tied to a December 2012 mortgage of $491,000 held by Metropolitan National Bank of Little Rock.
The land was purchased in November 2005 as part of a 77-acre deal totaling $1.2 million. The seller was Wilcox Investment Ltd., led by George and Shirley Wilcox.
Rural Residence
A 5,718-SF home near Roland weighed in at $1.02 million.
Jason and Sarah Everett acquired the 40-acre spread from Allen and Nancy Redding.
The deal is financed with a 30-year loan of $871,250 from Fairway Independent Mortgage Corp. of Plano, Texas.
The property previously was linked with a November 2013 mortgage of $307,800 held by Bank of America in Charlotte, North Carolina.
The land was bought for $120,000 in June 1998 from Dwight and Alyce Ann Capps.
Robinwood Abode
A 4,624-SF home in Little Rock’s Robinwood neighborhood is under new ownership after a $659,000 sale.
Mary and Ryan Allen purchased the house from Robert and Jennie Sexton.
The property is now securing a 10-year line of credit of $200,000 from Little Rock’s Bank of the Ozarks.
The residence previously was tied to a September 2010 mortgage of $285,554 held by Wells Fargo Bank of Sioux Falls, South Dakota.
The Sextons acquired the property for $505,000 in December 2006 from Clark Mason.
Country Club House
A 2,174-SF home near the Country Club of Little Rock changed hands in a $625,000 deal. Melissa Graves bought the house from the Elizabeth Brewer Rice Revocable Living Trust.
The deal is funded with a 30-year loan of $417,000 and a six-year loan of $83,000 from One Bank & Trust of Little Rock.
The property was purchased for $53,000 in July 1971 from Billie Amerine.
Woodland’s Home
A 3,824-SF home in the Woodland’s Edge neighborhood of west Little Rock rang up a $520,000 sale.
Cynthia and Jeffery Westcott acquired the house from Torin Gray. The deal is backed with a 30-year loan of $416,000 from Quicken Loans Inc. of Detroit.
The residence previously was linked with an October 2012 mortgage of $387,500 held by Bank of Little Rock Mortgage Corp.
Gray bought the property for $499,000 in May 2010 from Cleveland Home Pro-perties Inc., led by Justin Cleveland.
ACCC Financing
The owner of an 85,000-SF office building/condo project in downtown Little Rock picked up a $5.3 million funding agreement. 3rd & Commerce LLC, led by Jimmy Moses, received the five-year loan from Relyance Bank of Pine Bluff.
The Arkansas Capital Commerce Center at 200 River Market Ave. previously was tied to a November 2005 mortgage of $6 million held by LaSalle Bank.
Land for the seven-story building was assembled as part of two transactions.
The sellers were Drago Partners, led by Joseph Drago, $642,000 in March 2001; and Stephens Group Inc., led by Warren Stephens, $600,000 in January 1999.
Convenient Construction
Development of a Mapco convenience store in west Little Rock is backed with a $2.04 million construction loan.
NTI John Barrow Road LLC of Franklin, Tennessee, obtained the loan from Standard Insurance Co. of Hillsboro, Oregon.
NTI assembled the 1.23-acre site at 8818 Kanis Road in two May 2014 deals totaling $920,000.
The sellers were William Sutton, the Boyce R. Love Testamentary Trust and William L. Patton Family Ltd., $625,000; and JP Mortgage & Investments LLC, led by Danny Priest, $295,000.
Panera Funding
A Panera Bread project in west Little Rock is securing a $2.04 million mortgage.
Akshar 12 LLC, led by Shailesh Vora, got the two-year loan from Arvest Bank.
The 1.63-acre development at 10701 Kanis Road previously was linked with a July 2012 mortgage of $1.3 million held by First National Bank of Hot Springs.
The location was purchased for $713,000 in October 2007 from BancorpSouth Bank.
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