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Northwest Hills Hosts $7 Million Transaction (Real Deals)Lock Icon

5 min read

A 128-unit apartment project in west Little Rock tipped the scales at $7 million.

I3 Northwest Holdings LLC of Westmont, Illinois, purchased Northwest Hills Apartments at 11701 Mara Lynn Drive.

The seller is MLake 21 LLC, an affiliate of Maxus Properties of North Kansas City, Missouri.

The deal is funded with a 10-year loan of $6 million from Hunt Capital Mortgage LLC of New York.

The 8.1-acre development previously was linked with an April 2013 mortgage of $4.8 million held by Beech Street Capital LLC of Bethesda, Maryland.

MLake acquired the property for $5 million in October 2011 from Great Southern Bank of Springfield, Missouri.

Office Acquisition
A 5,964-SF office building in west Little Rock weighed in at $1.01 million.

KRA Properties LLC, led by Kyle and Robyn Allmendinger, bought the 6321 Ranch Drive project. The seller is Pinnacle Management Group LLC, led by Peter Biagioni.

The deal is financed with a five-year loan of $218,000 from First Security Bank of Searcy.

The 0.64-acre development previously was tied to a December 2013 mortgage of $792,000 held by Little Rock’s One Bank & Trust.

Pinnacle Management purchased the property for $835,000 five years ago from Simpson & Associates LLC, led by Dewayne Simpson.

Church Purchase
A 10-acre commercial development in north Pulaski County is under new ownership after a $715,000 deal.

Abundant Blessings/The Bridge Church Inc. acquired the 8,250-SF Miller Paint & Body facility at 6702 T.P. White Drive; the 6,000-SF Modern Amusements warehouse at 6716 T.P. White Drive; and the 2,160-SF Advanced Drainage Systems office project at 6814 T.P White Drive.

The seller is Mid South Properties LLC, led by Minor Booth.

The deal is backed with a five-year loan of $643,500 from First Arkansas Bank & Trust of Jacksonville and a $71,500 second mortgage carried by Mid South Properties. The project previously was linked with a February 2016 mortgage of $585,000 held by First Arkansas Bank & Trust.

Mid South bought the properties for $475,000 in July 2005 from the George Washington Patterson and Patsy Buryle Patterson living trusts.

More Commercial Land
A 9.88-acre commercial site in east North Little Rock sold for $500,000.

West 68th Street LLC, an affiliate of Conway’s Nabholz Real Estate Holdings, purchased the land at the northwest corner of U.S. Highway 165 and Fiber Optic Drive. The seller is Ben Davis Properties Management LLC, led by Ben and Diane Davis.

The land adjoins the 57,110-SF distribution warehouse that West 68th Street LLC bought for $3.2 million three months ago.

The parcel previously was tied to a July 2017 funding agreement with Central Bank of Little Rock.

The land was acquired for $219,000 in April 2006 from Park Ave. Corp., led by Bennett Glazer.

Eatery Redevelopment
A shuttered 8,536-SF restaurant changed hands in a $400,000 deal.

JTJ Restaurants LLC, led by James Keet, bought the 4.07-acre former Cock of the Walk development at 7103 Cock of the Walk Lane in North Little Rock.

The seller is Tri-Star Corp., led by Rebecca Hogg and Alpha Burkhalter.

The property was purchased in August 1983 as part of a $280,000 deal with Emmett and Mary Oliver.

RELATED: Jim Keet Cooks Up New Plans for Cock of the Walk

Multifamily Sale
A small apartment project in North Little Rock rang up a $195,500 sale.

Tanner Capital Holdings LLC, led by Zeke Tanner, acquired the Park Hill Arms at 3018 JFK Blvd. The seller is Park Arms LLC, led by Joseph Pulliam.

The deal is funded with a three-year loan of $208,675 from Eagle Bank & Trust of Little Rock.

The 0.21-acre development was bought for $160,000 in January 2004 from Willis Smith & Co., BEK Kaiser and Gene Eberle III.

Office Property
A 1,508-SF home-office building in west Little Rock drew a $140,000 transaction.

BDP Holdings LLC, led by Bren Medders, purchased the project at 9911 W. Markham St. from Willie Jean Kilpatrick, Ernest Farquharson and the Dale and Mary Jan Pavan Revocable Trust.

The 0.22-acre location was acquired for $17,500 in October 1965 from William and Georgia Cox.

Palisades Manor
A 5,381-SF home in Little Rock’s East Palisades neighborhood tipped the scales at $1.02 million.

The Thomas H. Fuqua III Trust bought the house from John Pierron.

The residence previously was linked with an April 2012 mortgage of $400,000 held by Regions Bank of Birmingham, Alabama.

Pierron purchased the house in a September 2007 swap valued at $900,000 with Hardin Design & Construction Inc., led by Keith Hardin.

Chimney Rock Abode
A 6,566-SF home in the Chimney Rock neighborhood of North Little Rock is under new ownership after an $869,000 deal.

LWJ Holdings LLC, led by Julia Garner Hall, acquired the house from Jason and Lara Hum. The residence previously was tied to a March 2015 mortgage of $603,500 held by Centennial Bank of Conway.

The Hums bought the property for $185,000 in September 2007 from Matthew and Amber Enderlin.

Bretagne Circle
A 6,649-SF home in the Bretagne Circle neighborhood of west Little Rock’s Chenal Valley sold for $864,000.

Arundathi Reddy and Nagaraja Gurumurthappa purchased the house from Pete and Tracy Yuan.

The deal is financed with a 15-year loan of $691,000 from JPMorgan Chase Bank of Columbus, Ohio.

The Yuans acquired the property for $1.1 million in July 2010 from Edward and Jacquelyn Love.

Heights Home I
A 3,340-SF home in the Heights area of Little Rock changed hands in a $725,000 deal.

The Kimberly Ann Hillis Revocable Trust bought the house from Forest Park Partners LLC, led by Hunter East and Billy Collins Jr.

The residence previously was linked with a January 2018 mortgage of $522,463 held by Southern Bancorp Bank of Arkadelphia.

Forest Park purchased the property in October 2017 as part of a $1.7 million deal with Little Rock Enterprises I-IX LLCs, led by the namesake revocable trust of Edward and Mildred Gruber.

Cliffewood House
A 3,015-SF home in Little Rock’s Cliffewood neighborhood rang up a $682,000 sale.

Philip and Janet Miron acquired the house from Lloyd Church and Kathy Henderson.

The deal is backed with a 30-year loan of $545,600 from U.S. Bank of Cincinnati.

The residence was bought for $700,000 in May 2005 from Charles and Caroline Bell.

Heights Home II
A 2,757-SF home in Little Rock’s Pulaski Heights neighborhood drew a $525,000 transaction.

David and Chelcy Strain purchased the house from Chris Christy Properties LLC. The deal is funded with a 15-year loan of $420,000 from Eagle Bank & Trust.

The property was acquired for $150,000 in September 2017 from JP Realty LLC, led by Jack Cotton.

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