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Markham West Ownership Shifts in $19.7M Transaction (Real Deals)Lock Icon

5 min read

Affiliates of Weingarten Realty of Houston, Texas, were on either side of a $19.75 million transaction involving a 166,735-SF retail project in west Little Rock.

Weingarten/Investments Inc. bought Markham West Shopping Center at 11400 W. Markham St. from SRI Madison Village Ltd.

The 17.64-acre development previously was linked with a September 1998 mortgage of $9.1 million held by Weingarten Realty Investors.

The project was purchased for $13.1 million more than 20 years ago from John Flake and George Wells.

Interstate Property

A mixed-use commercial property in southwest Little Rock weighed in at $2.15 million.

Bart Ferguson Enterprises LLC acquired Custom Covers of Arkansas at 13319 Interstate 30 and Red Gate Liquor at 13325 Interstate 30 from Red Gate Properties LLC, led by Druetta Craig.

The deal is financed with a three-year loan of $1.7 million from Bank OZK of Little Rock.

The 29.67-acre development previously was tied to an October 2016 mortgage of $825,000 held by IberiaBank of Lafayette, Louisiana.

The Craig family bought the property in September 1953 as part of a $35,000 deal with Harry and Terra Marsh.

Quapaw Acreage

An 80-acre tract in east Little Rock tipped the scales at $1.45 million.

The Little Rock Port Authority purchased the land along the east side of Thibault Road from the Quapaw Nation, led by John Berrey.

The property is divided between 57.3 acres of farmland and 23.7 acres of woods.

The Quapaw acquired the land for $775,000 in October 2012 from McRae Mortgage & Investment LLC, led by Ken McRae.

Convenient Sale I

A 3,360-SF convenience store in Jacksonville rang up a $700,000 sale.

Amandeep and Jagjit Singh and their AJ LLC bought Han’s Citgo at 1521 S. Highway 161. The seller is Han Cho Inc., led by Han Cho.

The deal is funded with a three-year loan of $500,000 from First Arkansas Bank & Trust of Jacksonville.

The 0.93-acre development previously was linked with an August 2017 mortgage of $571,250 held by First Community Bank of Batesville.

Han Cho purchased the project for $600,000 in August 2009 from Mid-State Distributing Inc., led by Khairunissa Mandani.

Convenient Sale II

A 1,740-SF convenience store in downtown Little Rock changed hands in a $680,000 flip.

US Assets Inc. of Dallas sold the 612 E. Roosevelt Road project to HBIC LLC of Pasadena, California, after buying it last month for $480,000.

US Assets acquired the 0.56-acre development from Magness Oil Co., led by Benny Magness. Magness Oil bought the property for $375,000 in December 2007 from Francis and Karen Hanig.

Dollar Land

A 1-acre commercial site in west Little Rock sold for $270,000.

PB General Holdings (LR Colonel Glenn) LLC and Primer Pocket LLC, both led by Leonard Boen, purchased the land on the north side of Colonel Glenn Road between Holt and Elam streets from the Dorothy Toll Nonexempt Share No. 1 Qtip Trust.

Construction of a Dollar General store is backed with a five-year loan of $1.1 million from Armor Bank of Forrest City.

The Toll family acquired the property for more than $25,000 as part of a February 1969 deal with James and Edith Benton.

Day Care Deal

A 5,580-SF day care center in North Little Rock drew a $200,000 transaction.

Pabani Brothers LLC, led by Akbar and Aziz Pabani, bought the Momma Myrtle’s Headstart project at 2501 Poplar St. from Centennial Bank of Conway.

The bank recovered the 0.69-acre development from John and Angelica Rogers in January 2016 as part of a $1.4 million foreclosure sale.

The property was purchased in February 2000 for $102,000 from Crossroad Shopping Center LLC, led by Jim May.

Germay Court

A 5,818-SF home in the Germay Court neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $950,000 sale.

Kiran Prasad and Sireesha Reddy acquired the house from Richard and Wendy Phelan. The deal is financed with a 14-year loan of $750,000 from Regions Bank of Birmingham, Alabama.

The residence previously was tied to an August 2008 mortgage of $713,700 held by Arkansas Federal Credit Union of Jacksonville.

The Phelans bought the location for $125,000 in May 2004 from David and Amy White.

Longwood Residence

A 5,787-SF home in the Longwood neighborhood of west Pulaski County changed hands in a $695,000 deal.

Richard and Wendy Phelan purchased the 7.4-acre spread from Brian Winstead. The deal is backed with a 25-year loan of $556,000 from Regions Bank.

Winstead acquired the residence for $638,000 in July 2003 from Paul and Cheryl Williams.

Cliffewood Abode

A 2,233-SF home in Little Rock’s Cliffewood neighborhood rang up a $675,000 sale. Jeff Fuller Homes LLC bought the house from Julia Fulgham.

The deal is funded with a one-year loan of $987,296 from Bank OZK.

The residence previously was linked with a December 2012 mortgage of $168,000 held by Bank of Little Rock Mortgage Corp.

The property was purchased for $280,000 in June 1988 from Martha Thomas.

PV Address

A 5,280-SF home in west Little Rock’s Pleasant Valley neighborhood drew a $635,000 transaction.

James and Melodye Crosland acquired the house from James Shuffield Jr. and his wife, Jill.

The residence previously was tied to a September 2011 mortgage of $417,000 held by Arvest Mortgage Co. of Lowell.

The Shuffields bought the property for $690,000 in September 2011 from Willis and Elaine Smith.

Canal Pointe

A 2,661-SF home in Little Rock’s Canal Pointe neighborhood sold for $625,000.

Arvil Burks Jr. and his wife, Janet, purchased the house from the Cheryl Casey Brown Life Trust.

The deal is financed with a 30-year loan of $561,875 from IberiaBank.

The trust acquired the residence for $485,000 in April 2015 from the Rhodes Family Revocable Trust, led by Noah Rhodes Jr.

Lamarche Place

A 4,525-SF home in the Lamarche Place neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $595,000 deal.

Sherrie Sharp bought the house from the Russ Family Revocable Living Trust, led by Stanley and Tamra Russ.

The deal is backed with a 30-year loan of $446,250 from U.S. Bank of Cincinnati.

The residence was purchased for $579,000 in March 2007 from Jeffrey and Janice Swindler.

Oaks House

A 3,504-SF home in The Oaks neighborhood of west Little Rock’s Chenal Valley development changed hands in a $505,000 sale.

Reanetta Hunt acquired the house from Fairfield Bay Storage Inc., led by H. Chris Christy.

The deal is funded with a 15-year loan of $454,500 from Guaranteed Rate Inc. of Chicago.

Fairfield Bay bought the property for $365,000 in August 2018 from the Paul & Ann Weaver Family Trust.

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