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Palisades at Chenal Valley Sold for $34.1MLock Icon

3 min read
AB 129463 Big Deals Whisper Palisades
<p>Palisades at Chenal Valley apartments at 1501 Rahling Road in Little Rock.</p> ( Google Earth)

Apartments dominate this week’s parade of million-dollar real estate transactions.

► MAA Arkansas REIT LLC of Germantown, Tennessee, sold the 248-unit Palisades at Chenal Valley project at 1501 Rahling Road in west Little Rock for $34.1 million.

Buyers? Nine limited liability companies affiliated with Canyon View Capital of Santa Cruz, California.

► McCain Park Apts LLC, an affiliate of Rhodium Capital Advisors of Monsey, New York, acquired its namesake 320-unit project at 6 McCain Park Drive in North Little Rock for more than $18.8 million.

Seller: FREG McCain Park Associates LLP, an affiliate of Forum Real Estate Group of Glendale, Colorado.

► Residences At Riverdale Ltd. of Frisco, Texas, sold its namesake 124-unit apartment project at 2000 Rebsamen Park Road in Little Rock for $16.2 million.

Buyer: VCM Residences at Riverdale Ltd., an affiliate of Vukota Capital Management in Greenwood Village, Colorado.

► Park Crest Apartments LLC, an affiliate of Read Property Group of Brooklyn, New York, bought its namesake 216-unit project at 100 Manson Road in Sherwood for $8.8 million.

Seller? Kiehl Partners Ltd., an affiliate of Ambling Inc. of Valdosta, Georgia.

► A hotel in downtown Little Rock changed hands in a $7 million sale. OM Little Rock LLC, an affiliate of MD Hospitality Group of Chattanooga, Tennessee, acquired the 261-room La Quinta Inn & Suites at 617 Broadway. The seller is CPLG Acquisition Properties LLC, an affiliate of CorePoint Lodging of Irving, Texas.

AB 129463 Big Deals Whisper La Quinta Inn
La Quinta Inn & Suites at 617 Broadway St. in Little Rock. ( Google Maps)

► Republic Terra Vista Ltd., an affiliate of Toronto’s Republic Funds, sold the 205-unit Terra Vista apartments at 4811 Arbor Place Drive and 6313 Butler Road for more than $6.5 million.

Buyer? LR Vista LLC, an affiliate of AMG Realty Group of Skokie, Illinois.

► Renegade Properties LLC, led by John Dennis and Kurtis Cochran, purchased 30 apartments at 1812 W. 44th St. and 4412 Lynn Lane in North Little Rock and 15 units at 3426 and 3518 Arapaho Trail in Little Rock for more than $1.5 million.

Sellers: HSD Properties LLC, Hannema Properties LLC and Van Geuns Properties LLC, led by Noel and Jeffrey du Celliee Muller.

► Dakota Development LLC, led by Steve Gardner, sold 14 units of apartments at 523 N. Orange St. and 306 W. Sixth St. in downtown North Little Rock for nearly $1.5 million.

Buyer: O&L Properties LLC, led by David Glover.

► J.S.E.E. LLC of Los Angeles purchased the Dollar General at 9100 Col. Glenn Road for more than $1.4 million from PB General Holdings (LR Colonel Glenn) LLC, led by Leonard Boen.

► Fortege LLC, an affiliate of Crescent City Packaging in Harahan, Louisiana, sold the 33,100-SF St. Francis Packaging plant at 9121 Sibley Hole Road in Little Rock for $1.3 million.

Buyer? Southwest Carton LLC, an affiliate of Prystup Packaging in Livingston, Alabama.

► Phillips Brothers Towing & Recovery LLC, led by Robie Todd Cooper, sold its 10,300-SF office-warehouse complex at 3717 Harold Drive in North Little Rock for $1.2 million.

Buyer: PBT Management Solutions LLC, led by Yancey Price and Christian Niles.


Seven-Digit Construction

Office-Warehouse Renovation    $3,110,000
11610 Vimy Ridge Road, Little Rock
McGetrick & McGetrick, Little Rock

Remodeling Office Space    $2,250,000
1001 Technology Drive, Little Rock
Mulhearn Wilson Construction Inc., North Little Rock

New 7,604-SF Retail    $1,157,000
17627 Chenal Parkway, Little Rock
CBM Construction Co., Little Rock

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