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NLR’s Ridge Road Village Sold in $7 Million Deal

1 min read

A multifamily project in North Little Rock, apartment land, a restaurant and hotel land in west Little Rock and a Heights home in Little Rock form a five-piece of multimillion-dollar transactions in Pulaski County.

• Ridge Road Village Ltd. of Frisco, Texas, sold its namesake 80-unit apartment project at 4748 Ridge Road in North Little Rock for $7 million to an affiliate of New York’s Dwight Capital.

• An affiliate of Heritage Properties Inc. of Madison, Mississippi, bought a 20.1-acre apartment site near the southeast corner of Rahling and Kirk roads for $3.1 million from Deltic Timber Corp. of El Dorado.

• Centre Structured Trust 2 investors sold the 7,090-SF Romano’s Macaroni Grill at 11100 W. Markham St. for $2.5 million to an affiliate of Fortress Investment Group of New York.

• James and Terry Barnes and their Promenade Hospitality LLC purchased a 2.91-acre hotel site near the southeast corner of La Grande Drive and St. Vincent Way for nearly $2.3 million from Deltic Timber.

• Robert and Eliza Gaines acquired a 5,000-SF house near the Country Club of Little Rock from Clark and Katherine Raborn for $1.3 million.

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