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Modern Storage Draws $3.3M Transaction (Real Deals)Lock Icon

5 min read

A 67,935-SF mini-storage project in North Little Rock weighed in at $3.3 million.

Modern Storage Maumelle Blvd LLC, led by Keith Richardson, purchased its namesake at 9100 Maumelle Blvd. The seller is JWL I Ltd., led by William Titus.

The deal is financed with a five-year loan of $2.9 million from First Security Bank of Searcy.

The 4.16-acre development previously helped secure a December 2012 mortgage of $5.6 million mortgage held by Southern Bancorp Bank of Arkadelphia.

JWL bought the property for $2.15 million in July 1998 from the Lusk Family LLC, led by Jo O’Bryant Lusk.

Warehouse Sale I
A 59,404-SF cold storage warehouse in east Little Rock tipped the scales at $1.75 million.

Sage V Foods LLC of Los Angeles acquired the facility at 6100 Lindsay Road from Ben E. Keith Co. of Fort Worth, Texas.

The 5.7-acre development was purchased for $1.3 million in November 1987 from the estate of Theo A. Dillaha Sr.

Warehouse Sale II
A 56,880-SF warehouse in downtown Little Rock changed hands in a $1.38 million sale.

Pierce Smith LLC, led by Tyler Pierce and Blake Smith, bought the Golf Cart Wholesalers project at 1515 E. Fourth St. The seller is 1515 Holdings Inc., led by Nick Pierce and Paul Cantrell.

The deal is backed with a five-year loan of $2.1 million from Eagle Bank & Trust of Little Rock.

The 1.7-acre development previously was tied to an October 2016 mortgage of $1.4 million held by Little Rock’s Bank of the Ozarks.

The property was acquired for $525,000 in December 2009 from Harbor Distributing Co., led by Nick Pierce.

Chick-fil-A Site
A 1.49-acre commercial location in Maumelle rang up a $1.1 million transaction.

Chick-fil-A Inc. of Atlanta purchased the land near the northeast corner of Maumelle Boulevard and Odom Boulevard South.

The sellers are R&L Properties, led by Tommy Lasiter, $606,000; BAT REP LLC, led by Bruce Thalheimer, $202,000; and WMBS LLC, led by Warren Stephenson, $202,000.

The property helped secure a June 2013 mortgage of $2 million held by BancorpSouth Bank of Tupelo, Mississippi.

The site was bought in June 2004 as part of a $3.4 million deal with Capitol Development of Arkansas Inc., led by Michael Todd.

Industrial Purchase
A 35,600-SF industrial facility in east Little Rock sold for $950,000.

STT Inc., led by Shirley Heatherly, acquired the HD Supply project at 8915 Fourche Dam Pike.

The seller is AWP Investments LLC of Owasso, Oklahoma.

The deal is funded with a two-year loan of $760,000 from Merchants & Planters Bank of Newport.

The 7.23-acre development was purchased for $875,000 in March 2003 from Cepco Inc., led by Keith Riggs.

Zaxby’s Location
A Zaxby’s project is in motion in west Little Rock after a $597,879 land deal.

Quapaw Properties III LLC of Milledgeville, Georgia, bought the 1.12-acre site at the southwest corner of Kanis and Kauffman roads from Akshar 8 LLC, led by Dr. Shailesh Vora.

The deal is financed with an 11-year loan of $1.9 million from Planters First Bank of Cordele, Georgia.

The property previously was linked with a February 2016 mortgage of $375,000 held by Arvest Bank of Fayetteville.

Akshar 8 acquired the land for $500,000 15 months ago from Glenda C. Pehrson Family Ltd. and GCP Holdings LLC, led by Susan Pehrson.

Vet Redevelopment
A 6,850-SF retail building in Jacksonville drew a $435,000 transaction.

Elson Properties LLC, led by Jodie Freifeld, purchased the former Advance Auto Parts store at 1304 N. First St. from Harold Gwatney Chevrolet Co.

The redevelopment into a veterinary facility is backed with a $1.4 million loan from Live Oak Banking Co. of Wilmington, North Carolina.

The auto dealership bought the 0.77-acre development for $350,000 in June 2015.

The seller was the Shefflette Family Trust, led by Patrick and Lois Shefflette.

Church Ground
A Little Rock congregation staked its $420,000 claim on a 5.48-acre tract in west Little Rock.

First Christian Church acquired the land near the northeast corner of Taylor Loop and Hinson roads from the Julia M. Pierce Living Trust.

The property was purchased in three transactions totaling $1,213.

The sellers included William Karzinaucki, $63 in August 1941; and Pearl Martin, $150 in August 1942. Rounding out the sellers are Chester and Etta King, $1,000 in January 1963.

Arbors Abode
A 4,115-SF home in The Arbors neighborhood of west Little Rock’s Chenal Valley development rang up a $620,000 sale.

Edwin and Kathy Watson bought the house from Regions Bank of Birmingham, Alabama.

The bank recovered the house from Gary Hendershott in December at a $618,750 foreclosure sale.

Mirabel Dwelling I
A 3,983-SF home in the Mirabel Court neighborhood of west Little Rock’s Chenal Valley development changed hands in a $598,000 transaction.

Matthew and Morgan Wilkins purchased the house from HA Custom Homes LLC, led by Subrabmanyam Narravula.

The deal is funded with a 30-year loan of $476,000 from First State Bank of Russellville.

The residence previously was tied to a September 2016 mortgage of $445,600 held by One Bank & Trust of Little Rock.

The site was bought for $84,000 in June 2016 from Clinton Properties LLC, led by Bruce Clinton.

Riverview Manor
A 3,644-SF home in the Riverview Manor neighborhood rang up a $580,000 deal.

Julia Watkins acquired the house from the Schwartz Family Living Trust, led by Michael and Stacey Schwartz.

The deal is financed with a one-year loan of $580,000 from BancorpSouth Bank.

The residence previously was linked with a November 2015 mortgage of $400,400 held by Bank of America in Charlotte, North Carolina.

The Schwartz family purchased the property for $515,000 in December 2013 from David and Angela Williams.

Mirabel Dwelling II
A 3,784-SF home in the Mirabel Court neighborhood of west Little Rock’s Chenal Valley development sold for $535,000.

Anthony and Mary Hilliard bought the house from Sharlow Builders & Developers LLC, led by Reggie Clow.

The deal is backed with a 15-year loan of $350,000 from Simmons Bank of Pine Bluff.

The residence previously was tied to a December 2016 mortgage of $421,200 held by One Bank & Trust.

The location was acquired for $85,000 in December 2015 from Deltic Timber Corp. of El Dorado.

PV Residence
A 3,904-SF home in west Little Rock’s Pleasant Valley neighborhood rang up a $530,000 sale.

Brock Whisenhunt Jr. purchased the house from the Lorraine Funk Hannah Revocable Trust. The deal is funded with a 15-year loan of $424,000 from Bank of Little Rock Mortgage Corp.

The Hannah family bought the site for $11,000 in May 1971 from Pleasant Valley Inc.

Multimillion-Dollar Construction

Madison at Chenal    $20,300,000
15401 Chenal Parkway, Little Rock
Huffman Contractors Inc., Little Rock
 
Tru By Hilton    $4,500,000
11320 Bass Pro Parkway, Little Rock
Integrity Construction of Arkansas Inc., Little Rock

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