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Maumelle Quality Suites Sold for $2.4M

1 min read

This week, we serve you a five-course meal of million-dollar transactions from Pulaski and Faulkner counties.

Premier Hospitality Group LLC of Malvern sold the 52-room Quality Suites at 14322 Frontier Drive in Maumelle for $2.4 million.

Buyer: New Frontier Hospitality LLC, led by Dilep and Vitesh Patel.

Edprop Development Co. LLC, led by Stephen and Laura Edwards, bought the 93,880-SF Jackson Square retail project at 301-315 S. James St. in Jacksonville for $1.8 million.

Seller? Knight Family Ltd., led by Keith and Kent Knight.

An affiliate of BlueRoad Ventures of Chicago acquired the Fresenius Medical Care facility at 5320 W. 12th St. in Little Rock for more than $1.7 million.

The property was part of a $139 million national retail portfolio purchased from Brauvin Net Lease of Chicago, a private real estate investment trust.

Meanwhile in Conway …

LKQ Lakenor Auto & Truck Salvage Inc. of Santa Fe Springs, California, bought the 18.5-acre Worman Auto Salvage development at 650 Simon Drive for nearly $1.5 million.

Seller: Worman Properties LLC, led by Arthur Worman Sr.

McNiece Rentals LLC, led by James McNiece Jr., sold 10 duplexes in Conway’s Country Club Manor neighborhood for $1 million.

Buyer? Partners Group LLC, led by Jon Thomason.

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