Adjoining apartment projects in North Little Rock tipped the scales at $3.85 million.
F4 Little Rock 1 LLC of Edmond, Oklahoma, bought the 210-unit New Horizon Apartments at 4907 Augusta Circle and the eight-unit New Haven Apartments at 1815 Broken Arrow Drive.
The sellers are John Brian Toland; the Toland Revocable Trust, led by Jon Toland; and the Gravett Revocable Trust, led by Claudia Gravett.
The deal is backed with a five-year loan of $4 million from Arvest Bank of Fayetteville.
The 9.02-acre New Horizon development and 0.37-acre New Haven development previously were tied to a September 2007 mortgage of $3.2 million held by First Arkansas Bank & Trust of Jacksonville.
The property was recovered in March 1990 from the bankrupt estate of Danny Thomas Properties IV Ltd.
The limited partnership acquired nearly all of the property for $2.3 million in April 1984 from the John Toland Co.
Freddy’s Acquisition
A 2,627-SF eatery in west Little Rock weighed in at $2.42 million.
820 Thompson Development Co. of San Marino, California, purchased the Freddy’s Frozen Custard & Steakburgers at 610 Bowman Road from PM Little Rock LLC, an affiliate of Tradecor in Phoenix.
The deal is financed with a $1.4 million loan from Armed Forces Bank of Fort Leavenworth, Kansas.
The 0.67-acre site was bought for $1.3 million in January 2016 from Wal-Mart Real Estate Business Trust of Bentonville.
Pipe Purchase
A 43,904-SF industrial facility in east Little Rock changed hands in a $1.74 million deal. USP Land Holdings FP&P LLC, an affiliate of Forterra Pipe & Precast in Irving, Texas, acquired the Hanson Pipe & Precast complex at 1300 Bond St. from Pipe Portfolio Owner (Multi) Ltd. of New York.
The 11.79-acre development was purchased for $1.74 million in March 2016 from Forterra Pipe & Precast LLC.
Convenient Buy
A Jacksonville convenience store rang up an $850,000 sale.
Gas N Go Investments LLC, led by Anwer Hermani, bought the 3,324-SF project at 1801 Military Road.
The seller is Victory Lane Inc., led by Majid Adineh-Kharat.
The deal is funded with a three-year loan of $722,000 from First Community Bank of Batesville.
The 1.17-acre development previously was linked with a February 2005 mortgage of $880,000 held by First Arkansas Bank & Trust.
The location was acquired for $90,000 in November 2003 from Remmel Hames.
Industrial Land
An 18.3-acre site in North Little Rock drew a $613,683 transaction. Old Dominion Freight Line Inc. of Thomasville, North Carolina, purchased the land near the southeast corner of Industrial Drive and Faulkner Lake Road from J.A. Riggs Tractor Co., led by John Riggs.
The company bought the land from John A. Riggs III, trustee, in November 2012 as part of a $577,000 deal for 27.7 acres.
Good Earth
Nearly 115 acres near the Arkansas River in west Pulaski County sold for $460,000.
The Good Earth Properties LLC, led by Greg and Julie Curtis, acquired the land about 2 miles north of the Natural Step community from Marcus, Randi, Jerry and Carolyn Bryant.
The Bryants purchased the land for $500,000 in August 2006 from Roland Bottoms Farms LLC, led by Henry and Anna Cooper.
Robinwood Manor
An 8,308-SF home in Little Rock’s Robinwood neighborhood tipped the scales at $1.17 million.
Winston and Kristine Patterson bought the house from Harry Erwin III and his wife, Terri. The deal is backed with a one-year loan of $895,000 from IberiaBank of Lafayette, Louisiana.
The residence and adjoining property were acquired from Phoebe and Ralph Norman for $380,000 in April 1991 and $80,000 in August 1991.
Orle Residence
A 5,327-SF home in the Orle Circle neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $935,000 deal.
Robert and Debra Fehlman purchased the house from Graham and Danea Smith.
The deal is financed with a one-year loan of $500,000 from Relyance Bank of Pine Bluff. The residence previously was tied to an October 2012 mortgage of $396,000 from Regions Bank of Birmingham, Alabama.
The site was bought for $157,000 in December 2007 from Deltic Timber Corp. of El Dorado.
Chenal Circle Abode I
A 5,707-SF home in the Chenal Circle neighborhood of west Little Rock changed hands in a $770,000 transaction.
John and Carolyn Peiserich acquired the house from James and Victoria Holloway. The deal is funded with a 30-year loan of $616,000 from Quicken Loans Inc. of Detroit.
The Holloways purchased the residence for $613,000 in June 1995 from Kevin Hughes Construction Co.
Heights Home I
A 3,776-SF home in the Heights area of Little Rock rang up a $710,000 sale.
Steven and Robin Mangan bought the house from Alex and Conley Golden. The deal is backed with a one-year loan of $414,375 from Riverside Bank of Sparkman.
The residence previously was linked with a March 2011 mortgage of $592,000 held by U.S. Bank of Cincinnati.
The Goldens acquired the residence for $525,000 in June 2008 from Gregory Watson through Prudential Relocation Inc. of Scottsdale, Arizona.
Heights Home II
A 2,546-SF home in the Heights area of Little Rock drew a $650,000 transaction.
The TMB Trust, led by Mary Brown, purchased the house from Bryan Davis. The residence previously was tied to a December 2010 mortgage of $388,970 held by IberiaBank.
The property was bought for $245,000 in December 1994 from Ben McMinn.
Normandy House
A 3,243-SF home in Little Rock’s Normandy neighborhood sold for $605,000.
Samuel and Maeghan Overley acquired the house from Julia Robinson. The deal is financed with a one-year loan of $484,000 from Riverside Bank.
Robinson purchased the residence for $425,000 in December 2014 from Jack and Whitney Bower.
River Ridge
A 3,410-SF home in Little Rock’s River Ridge Manor neighborhood is under new ownership after a $530,000 deal.
Tiffany and David Estes bought the house from Shane and Kay Smith. The deal is funded with a 30-year loan of $405,000 from Eagle Bank & Trust of Little Rock.
The residence previously was linked with a November 2012 mortgage of $308,000 held by IberiaBank.
The Smiths acquired the property for $530,000 in June 2007 from Jonathan and Laura Wardlaw.
Chenal Circle Abode II
A 3,012-SF home in west Little Rock’s Chenal Circle neighborhood changed hands in a $519,500 sale.
Christian and Erika Eisenring purchased the house from Todd and Terri Holt. The deal is backed with a 15-year loan of $219,500 from Riverside Mortgage Co. of Little Rock.
The residence previously was tied to a July 2014 mortgage of $342,500 held by Primelending of Dallas.
The Holts bought the property for $489,000 four years ago from David and Nancy George.
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