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Outlets of Little Rock Checks Out at $10M (Real Deals)Lock Icon

5 min read

A 365,104-SF retail center in west Little Rock tipped the scales at $10 million.

Little Rock Outlets Realty Holdings LLC, an affiliate of Kohan Retail Investment Group of Great Neck, New York, acquired the Outlets of Little Rock at 11201 Bass Pro Parkway. The seller is NED Little Rock LLC, an affiliate of Boston’s New England Development.

The 29.75-acre site was purchased for $5.2 million in February 2014 from Town Center LLC, led by Tommy Hodges.

Burger Buys

Two Burger King locations in Pulaski County are under new ownership after combined deals totaling more than $4.1 million.

ADII LLC of Austin, Texas, bought the 3,163-SF project at 5900 Dreher Lane in southwest Little Rock for $3.16 million and the 2,988-SF project at 2505 Hwy. 161 in North Little Rock for $1 million.

The seller in both deals is Allied Food Industries Inc. of Huntington, West Virginia. The deals are financed as part of a five-year loan of $29 million from Union Bank & Trust of Omaha, Nebraska.

The 0.62-acre Little Rock development and 0.92-acre North Little Rock development were acquired for $700,000 each in May 1986 from Burger King Corp. of Miami.

Eatery Acquisition

A 5,609-SF restaurant in North Little Rock weighed in at $1.45 million.

NLR Hog House LLC, led by James Bryant, purchased the former Applebee’s at 4333 Warden Road from Best Locations LLC of Raleigh, North Carolina.

The deal is funded with a five-year loan of $1.9 million from Southern Bancorp Bank of Arkadelphia.

Best Locations bought the 1.4-acre development for $1.3 million in September 2010 from Carlton Properties LLLP, led by William Carlton.

AutoZone Transaction

A 5,320-SF auto parts store in west Little Rock rang up a $1.21 million sale.

NS Retail Holdings LLC, an affiliate of NetStreit Corp. of Dallas acquired the AutoZone at 9716 N. Rodney Parham Road.

The seller is Watch Hill Development 2 LLC of Dallas.

Watch Hill purchased the 0.59-acre development for $1 million in December 2019.

The seller was A-Z Investments LLC, led by Dickson Flake, Rene Gamewell and Scott Proctor.

4 Kids Purchase

An 11,700-SF former athletic club in Maumelle changed hands in a $1 million deal.

H.E.R.E. 4 Kids, led by Melissa Hannah, bought the 2 Country Club Circle project.

The seller is Vision Outdoor Media LLC, led by William and Sharon Smith and Ronald and Glenda Smith.

Vision Outdoor acquired the 2.39-acre development for $490,000 in July 2016 from Centennial Bank of Conway.

Spinal Sale

A 4,216-SF medical office building in west Little Rock sold for $860,000.

Arkansas Surgery and Endoscopy Center LLC, led by Dr. Syed Samad and Dr. Ahmed Samad, purchased the Spine Care of Arkansas project at 14918 Cantrell Road.

The seller is Krishnan Properties LLC, led by Sunder Krishnan.

Krishnan bought the 0.46-acre location for $225,000 in January 2007 from the J&B Revocable Trust, led by John and William Cloud.

Funk 48k

A 48,425-SF warehouse in Sherwood drew a $475,000 transaction.

300 Trammel Road LLC, led by James Wood, Tom Blackmon Jr. and Joey Stoll, acquired its namesake address and 56.3 acres.

The seller is WCII 1 LLC, an affiliate of Westdale Capital of Dallas.

The deal is backed with a one-year of $403,750 from Encore Bank of Little Rock.

WCII 1 recovered the property in July 2020 from O.D. Funk Manufacturing Co. at a $625,000 foreclosure sale.

Majestical Deal

A 0.47-acre commercial property in west Little Rock is under new ownership after a $100,000 deal.

Majestical Care LLC, led by Donta Wade, bought the 8500 Kanis Road project from the Cindy Bishop Living Trust.

The deal is financed with a 10-year loan of $80,000 from Regions Bank of Birmingham, Alabama.

The property was acquired for $91,000 in May 1994 from Mechanics Lumber Co., led by Gene Pfeifer.

Ferndale Residence

A 4,997-SF home in west Pulaski County tipped the scales at $1.35 million.

James and Laura Graham purchased the 25.5-acre spread a mile west of the Ferndale community from Lee and Sara Jones.

The deal is funded with a 30-year loan of $1.2 million from First Horizon Bank of Memphis. The property was assembled in three deals totaling $1.1 million.

The sellers were Robert and Renee Ortman, $618,000 in August 2012; RWB Holdings LLC, led by Ray Bradshaw, $280,000 in August 2012; and the Ruth L. Black Revocable Trust, $207,000 in January 2013.

Pulaski Heights

A 5,071-SF home in Little Rock’s Pulaski Heights neighborhood rang up an $842,500 sale.

Gaines Fricke and Katherine Beaton acquired the house from Corey Scott. The deal is backed with a 30-year loan of $842,954 from Arvest Bank of Fayetteville.

The residence was purchased for $650,000 in April 2013 from Ned and Victoria Garrett.

Falstone Court

A 4,290-SF home in west Little Rock’s Falstone Court neighborhood changed hands in a $689,900 deal.

Kyle and Gretchen Newkirk bought the house from J&T Homes LLC, led by Jimmy Johnson.

The deal is financed with a 30-year loan of $510,400 from Simmons Bank of Pine Bluff.

The site was acquired for $110,000 in June 2019 from PotlatchDeltic Real Estate LLC.

Heights Home

A 3,351-SF home in the Heights area of Little Rock sold for $660,000.

Robert Kelly purchased the house from Davis Fitzhugh. The deal is funded with a 26-year loan of $528,000 from Regions Bank.

The property was bought for $55,000 in February 1979 from Barry and Nancy Hamilton.

Hillcrest Abode

A 3,328-SF home in the Hillcrest neighborhood drew a $650,000 transaction.

James Panasiuk acquired the house from Trail Run Properties LLC, led by Christi Wilson. The deal is backed with a 30-year loan of $510,400 from Simmons Bank.

The location was purchased for $150,000 in December 2019 from Kevin and Lauren Williams.

Woodlands Edge

A 3,727-SF home in west Little Rock’s Woodlands Edge neighborhood is under new ownership after a $570,000 deal.

Mijanul and Fahmida Akbar bought the house from Darby Builders LLC, led by William Darby Jr. The deal is financed with a 30-year loan of $440,000 from U.S. Bank of Cincinnati.

The site was acquired for $79,000 in August 2016 from Rocket Properties LLC, led by Ron Tyne and Lisenne Rockefeller.

Villages of Wellington

A 4,299-SF home in the Villages of Wellington neighborhood of west Little Rock rang up a $510,000 sale.

John Tilford and Linda Gist purchased the house from the Cheryl M. Payne Revocable Trust.

The deal is funded with a 30-year loan of $265,000 from Centennial Bank.

The residence was bought in April 2007 for $415,000 from Noble Construction Co., led by Masoud Arjmandi.

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