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Preylock Bags Amazon Distribution Center for $169M (Real Deals)Lock Icon

5 min read

A 1 million-SF distribution center in North Little Rock tipped the scales at $169.44 million.

Preylock Little Rock LLC, an affiliate of Preylock Holdings of Los Angeles, acquired the Amazon fulfillment center at 13001 U.S. 70.

The seller is AZ Little Rock AR Landlord LLC, an affiliate of SunTrust Equity Funding of Atlanta.

The deal is backed as part of a $1.1 billion financial package with Goldman Sachs Bank USA of New York.

AZ Little Rock assembled the 109.74-acre site in December 2020. The sellers were Tulip Farms Inc., led by Jimmy Winemiller, 97.17 acres for $1.73 million; and TRL Properties LLC, led by Todd Havens, Richard Vassar and Richard L. Vassar Jr., 12.95 acres for $1 million.

Walgreens Transaction

A 13,654-SF Walgreens in Little Rock weighed in at $7.2 million.

The Terrance K. Barry & Elizabeth L. Barry Trust of Las Vegas purchased the 3901 W. Markham St. project from Pharmacy Sale Leaseback II Exchange LLC, overseen by Inland Real Estate Group Inc. of Oak Brook, Illinois.

The 1.71-acre development was acquired for $6.1 million in March 2014 from Walgreen Co. of Deerfield, Illinois.

Watering Hole

A 19,488-SF cocktail lounge in North Little Rock rang up a $1.5 million sale.

Ron Davis Property Management LLC, led by Ronald and Jennifer Davis, bought the Jimmy Doyle Country Club at 11800 Maybelline Road.

The seller is the Brewer Family Revocable Trust, led by Jimmy Doyle Brewer and Patsy Brewer.

The 7.36-acre property was assembled in two deals with One National Bank of North Little Rock, $185,000 in June 1989; and Sunbelt Inns Inc., led by K.V. Mathen, $99,000 in April 2009.

Eatery Acquisition

A 4,567-SF restaurant in North Little Rock drew a $685,000 transaction.

Star JFK Investment LLC, led by Amandeep Singh, acquired the former Hawgz Blues Cafe location at 5524 JFK Blvd. The seller is Waller Investments LLC, led by Judy Waller Breece.

The deal is financed with a five-year loan of $548,000 from First Arkansas Bank & Trust of Jacksonville.

Waller Investments bought the 2.47-acre development for $375,000 in May 2003 from Libby Gilbertson and James Hayes.

Mobile Purchase

A 6.92-acre mobile home park in southwest Little Rock sold for $625,000.

West 59th Street MHP LLC of Portland, Oregon, purchased the 5709 W. 59th St. project from Pinnacle Property Investments LLC, led by T.K. Arnold.

The property was acquired from the M. Ruby Ham Inter Vivos Revocable Trust in July 2006 for $153,000.

Dollar Deal

An 8,625-SF Dollar General store in south Pulaski County changed hands in a $600,000 deal. 13624 Vimy Ridge LLC of Collierville Tennessee, bought its namesake address from Stephanie Dailey Kelley and her husband, Hank; Jim and Patti Dailey; and the Hightower Family Revocable Living Trust, led by Kathleen Dailey Hightower.

The deal is funded with a two-year loan of $450,000 from Bank OZK of Little Rock.

The group purchased the location for $357,000 in November 2000 as part of a 9-acre parcel at the northwest corner of Vimy Ridge and County Line roads. The seller was Harper Development Inc., led by Kenneth Harper.

Former Fred’s

A 16,750-SF former Fred’s Discount Store in south Pulaski County’s Land-mark community is under new ownership after a $550,000 transaction.

Colbcar LLC of Brookhaven, Mississippi, acquired the 15700 Arch Street Pike project from Summit PropertiesLandmark LLC, an affiliate of Atlantic Retail Investors of Jupiter, Florida.

The deal is backed with a five-year loan of $700,000 from BankFirst Financial Services of Columbus, Mississippi.

The 3.3-acre site was bought in July 1999 as part of a $257,500 deal with Mary Margaret Richey.

Rural Property

A 62.39-acre tract in east Pulaski County rang up a $524,640 sale.

John and Heather Williams purchased the land at the southeast corner of Col. Maynard and Alexander roads from the Brenda M. Fulkerson Charitable Remainder Trust.

The deal is financed with a five-year loan of $445,000 from Arvest Bank of Fayetteville.

The land was acquired by Floyd Fulkerson in June 1973 as part of a $300,000 deal with the World Division of the Board of Global Ministries of the United Methodist Church and Lillian Bryson.

Office-Warehouse Sale

A 17,500-SF office-warehouse in south Little Rock drew a $375,000 transaction.

Ron Davis Property Management LLC bought the 7825 Fourche Road project from Dickinson Holdings LLC, led by Patricia Dickinson.

The deal is funded with a three-year loan of $300,000 from Encore Bank of Little Rock.

The 2.39-acre development was purchased for $505,000 in December 2004 by the IBR Real Estate 401(K) Profit Sharing Plan & Trust, led by Mark Bentley and Tom Rystrom.

County Residence

A 5,266-SF home and 1,250-SF guest house in west Pulaski County tipped the scales at $1.43 million.

JDD Revocable Trust, led by John Day, acquired the house from the Louis Gladfelter Revocable Trust. The deal is backed with a 10-year loan of $1.2 million from Encore Bank.

The residence was bought for $1 million in February 2006 from Scott and Cynthia McLain.

The 5.2-acre property was expanded to 5.6 acres in two transactions with Gerald Hannahs Jr. and his wife, Lynette, $132,000 in March 2006; and Andrew and Lisa Henry, $5,000 in February 2007.

Hallen Court

A 5,727-SF home in west Little Rock’s Hallen Court neighborhood weighed in at $1.35 million.

Crain Family Holdings LLC, led by Larry Crain Jr., purchased the house from Ryan and Caris Fitzgerald.

The Fitzgeralds acquired the site for $185,000 in December 2014 from Deltic Timber Corp. of El Dorado.

Woodlands Edge

A 4,390-SF home in the Woodlands Edge neighborhood of west Little Rock sold for $990,000.

Laura Dunn bought the house from Hugh Nymeyer and Tracy Varley.

The deal is funded with a 30-year loan of $990,000 from First Horizon Bank of Memphis.

The residence was purchased for $849,000 in May 2017 from Chenal Valley Construction Inc., led by James Miles.

St. John’s Place

A 3,105-SF home in Little Rock’s St. John’s Place neighborhood changed hands in a $780,000 deal.

The Lynn & Frances Mayhan Joint Revocable Trust acquired the house from the Steven W. Jonsson & Kathleen V. Jonsson Revocable Trust.

The deal is backed with a 30-year loan of $580,000 from Encore Bank.

The residence was bought from Richard and Alice Watts in September 2013 for $635,000.

River Market Condo

A 2,379-SF high-rise residence in downtown Little Rock is under new ownership after a $749,000 transaction.

Derek Pierce and Bethany Brown purchased the 12th-floor condo in the River Market Tower from Steve and Alicia Rucker.

The deal is financed with a 30-year loan of $599,000 from Regions Bank of Birmingham, Alabama.

The Ruckers acquired the property for $650,000 in December 2016 from the Fisher Family Trust, led by Cynthia and Robert Fisher.

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