Main Street Projects Acquired for $10.3M (Real Deals)

Prominent mixed-use redevelopments in downtown Little Rock changed hands in tandem deals totaling $10.34 million.

EPH 41 Main LLC, an affiliate of Equity Partnership Holdings of Denver; and Leftin Main LLC and Leftin Main 2 LLC, both led by Solomon Leftin, bought the 41,816-SF Arkansas Building at 524 Main St. and 21,000-SF Arkansas Annex at 514 Main St. for $6.9 million.

The properties, home to 30 apartments upstairs and ground floor office space, were sold by Market Street Lofts South LLC, led by Bryan Pereboom. The deal is backed with a $2.8 million loan from Solera National Bank of Lakewood, Colorado.

EPH 41 Mulberry LLC, an affiliate of Equity Partnership Holdings, and Leftin Mulberry LLC, led by Solomon Leftin, purchased the 30-unit Mulberry Flats apartment project, also home to Brewski’s Pub & Grub, at 315 Main St. for $3.44 million. The seller is K Lofts LLC, led by Bryan Pereboom.

The Mulberry Flats deal is financed with a 10-year loan of $2.4 million from Greystone Servicing Co. LLC of Warrenton, Virginia.

Blended in with no valuation was the 56,000-SF M.M. Cohn Building at 510 Main St. EPH 41 MMCohn LLC, led by Garrod Moltz, took ownership from Deep Creek LR LLC, led by Jacob Spellmeyer.

Yellow Dog Purchase

A six-building, 36,000-SF warehouse property in North Little Rock shifted ownership in a deal valued at $3.35 million.

Yellow Dog Leasing LLC, led by Ryan Harper and Niklas Harper, purchased the 8000-8050 Counts Massie Road project along with the 7,468-SF home of Harco Constructors at 8060 Counts Massie Road. 

The seller is Rod-Chuck LLC, led by Rodney Thomason, Charles Harper and Ryan Harper. The deal is funded with a $2.6 million loan from Farmers Bank & Trust of Magnolia.

The 5.13-acre site was bought for $120,000 in June 2000 from Great Plains Investment Corp., led by John Larrison.

Industrial Isle

A 45,000-SF industrial building in North Little Rock weighed in at $1 million.

Island in the Sun LLC, led by William and Stacy Fitts, acquired the 1805 E. Fifth St. project. The seller is Tat Holdings-Denver LLC, an affiliate of Spectra Metals of Atlanta.

The deal is backed with a 20-year loan of $800,000 from First National Bank of Paragould.

Tat Holdings purchased the 6.59-acre development in February 2021 as part of a $975,000 deal with B&B Industrial Park Inc., led by Robert Betz.

Port Property

A 12,000-SF building in the Little Rock Port Industrial Park sold for $900,000.

STT Inc., led by Shirley Heatherly, bought the 7400 Lindsey Road project from USALCO Little Rock Plant LLC of Baltimore.

USALCO acquired the 3.06-acre site for $189,000 in March 2018 from Peyton Properties LLC, led by William and Lisa Locke.

Branch Transaction

A 1,791-SF bank branch in North Little Rock is under new ownership after an $825,000 deal.

Simmons Bank of Pine Bluff purchased the 3901 Camp Robinson Road project from Toddy Shop Properties LLC, led by Robert Wortsmith.

The 0.48-acre property was bought in January 1943 as part of a $3,500 deal with E.A. and Beulah Kelley.

Office-Warehouse Buy

A 15,200-SF office-warehouse in Little Rock rang up a $590,000 sale.

SH & RF Properties LLC, led by Steven Hammond, acquired the 1023 Rushing Circle project from David and Donna Binz.

The Binz family provided a 15-year mortgage of $501,500 to finance the deal.

The 0.81-acre site was purchased for $20,000 in December 1970 from William and Gusta Tice.

Utility Development

A 36,530-SF office-warehouse in east Little Rock drew a $413,000 transaction.

Ron Davis Property Management LLC bought the former Arkla/Centerpoint training center at 1515 E. 15th St. from Summit Utilities Arkansas Inc. of Centennial, Colorado.

The deal is funded with a five-year loan of $366,350 from Encore Bank of Little Rock. Summit purchased the 3.53-acre development 13 months ago as part of its $2.1 billion acquisition of Centerpoint Energy Resources Corp. of Houston.

Dream Big Land

A 43-acre tract on the eastern edge of Maumelle sold for $220,000.

Dream Big Investments LLC, led by Marsha Martin, purchased the land near the northwest corner of Short Marche Road and White Oak Crossing from Ascent Development Group LLC, led by Eric Holloway.

Ascent bought the property in November 2022 as part of deals with Dorothy Akel, Nancy A. Draughon, Carolyn Akel and Sharon A. Muse, $44,000; Ron and Joyce Harb, $43,024; and Lamia Akel, $42,000.

Club House

A 3,976-SF home near the Country Club of Little Rock tipped the scales at $1.02 million.

The Jane Rich McDonald Revocable Trust acquired the house from Derek and Erin Teter.

The deal is backed with a two-year loan of $820,000 from Farmers & Merchants Bank of Stuttgart.

The Teters purchased the residence for $715,900 in June 2018 from Richard Watts and Alice Watts.

Medical Office

8028 Cantrell Road LLC, led by Jonathan Hart and Suzanne Coco, sold its namesake address in Little Rock, home to a 5,398-SF medical office building, to the Howard T. Bartlett Family Trust, led by Ann Bartlett Pugh, Carol Barlett Richardson and Sue Bartlett for $1.25 million.

Hart and Coco bought the 0.33-acre development for $665,000 in May 2017 from Hart Building LLC, led by Arthur and Jeannine Hart.