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NLR Apartment Combo Sold for $6.4M; Nucor’s Conway Site Goes for $4.4MLock Icon

1 min read

Adjoining apartment complexes in North Little Rock combined for a $6.4 million transaction.

GALR LLC, an affiliate of Zieben Group in Houston, Texas, bought the 120-unit Summertree Apartments at 5100 Summertree Drive and the 112-unit Valley View Apartments at 5125 Velvet Ridge Road.

Seller: Velvet Ridge Ltd., an affiliate of Alden Torch Financial of Denver.

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Price, Please
$4.4 million.

That’s how much Nucor Corp. of Charlotte, North Carolina, sold its 124-acre industrial spread in Conway for.

The centerpiece of the property is a 288,137-SF manufacturing facility that once cranked out nuts, bolts and more at 1800 Sturgis Road.

Buyer: 287 Partnership LLC, an affiliate of New York’s Eliken Property Management.

Seven-Digit Construction

Service Shop & Parking Expansions     $2,265,000
Subaru of Little Rock, 12121 Col. Glenn Road, Little Rock
Nabholz Construction Corp., Conway
 
New Home    $1,800,000
114 Varennes Court, Little Rock
Kevin Hughes Construction Co., Little Rock

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