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Pediatrics Plus Attracts $9.5 Million Transaction (Real Deals)Lock Icon

4 min read

A 32,788-SF developmental preschool in Sherwood weighed in at $9.5 million.

EMR Land Co. LLC of Reno, Nevada, and the JWDM Trust of Los Angeles bought the Pediatrics Plus facility at 1540 Country Club Road from Pediatrics Plus Real Estate Sherwood LLC, led by Todd Denton.

The deal is financed with a 10-year loan of $4.7 million from Bear State Bank of Little Rock. The 4.4-acre development previously was linked with an August 2016 mortgage of $6.7 million held by Bear State.

Pediatrics Plus assembled the location 20 months ago as part of two deals with Stuart McGilvray, $1.18 million; and Heritage Properties Ltd., led by Sandra Franecke, $192,500.

Retail Sale
A 9,652-SF retail project in west Little Rock tipped the scales at $3.87 million.

The namesake revocable trusts of Douglas and Peggy Kerin purchased Grove Plaza at 10800 Bass Pro Parkway from Otter Grove Plaza LLC, led by Isaac Smith.

The deal is funded with a five-year loan of $1.2 million from First Security Bank of Searcy. The 1.66-acre development previously was tied to a December 2016 mortgage of $2 million held by the bank.

Town Center LLC, led by Tommy Hodges, sold an 89.3 percent stake in the land in January 2016 as part of a $5.46 million deal.

Church Acquisition
Undeveloped property in North Little Rock drew a $1.75 million transaction.

North Little Rock’s First Pentecostal Church of Jesus Christ acquired 63 acres near the southeast corner of Interstate 30 and 19th Street from Woodcrest Co. LLLP, led by James Matthews.

The land was assembled by the Matthews family in two transactions.

About 57 acres were transferred from Lamartine and Helen Leigh in December 1966 for an unrecorded sum. A nearly 5.2-acre parcel was purchased in a December 1967 swap with Arkansas Building Co., led by Hugh Patterson.

Arkansas Building received a 0.64-acre property in downtown Little Rock at the southeast corner of East Second and Collins streets, now part of the parking area west of the Clinton School of Public Service.

Apartment Dirt
Undeveloped apartment land in North Little Rock changed hands in a $300,000 deal.

Entrepreneurial Properties Corp. of Tulsa bought 1.67 acres on the east end of Lexington Park Apartments at 7601 Vestal Blvd. from Vestal-Burkhalter LLC, led by John Burkhalter.

The land was acquired in October 2006 as part of a $576,000 deal with Frances Vestal.

Athletic Purchase
Land adjoining the Little Rock Athletic Club sold for $210,000.

Little Rock Athletic Centers LLC, led by Brad Eichler, purchased the 0.98-acre residential property at 23 Peckerwood Road from Billy Earl McCammon, Jimmy McCammon and Linda McCammon Ray.

McCammon family has owned the land since buying it for back taxes in January 1956.

Industrial Site
A 3.06-acre industrial site in east Little Rock is under new ownership after a $189,000 deal.

USALCO Little Rock Plant LLC of Baltimore acquired the land on the north side of Lindsey Road and on the west side of Best Price Boxes at 7424 Lindsey Road.

The seller is Peyton Properties LLC, led by William and Lisa Locke.

The land previously was linked with a February 2013 mortgage of $911,000 held by Simmons Bank of Pine Bluff.

The property was purchased in August 2012 as part of a $660,000 deal with Min Weng.

Rural Residence
A 2,584-SF home in west Pulaski County weighed in at $1.16 million.

ARKLF Ltd., led by Gregory Rose and Sean McGeehan, bought the 22.9-acre residential spread from the namesake revocable trust of James and Amanda Moore.

The Moores acquired the property in October 1982 as part of a $420,000 deal with Clyde and Elizabeth Campbell.

Sezanne Abode
A 5,172-SF home in the Sezanne Court neighborhood of west Little Rock’s Chenal Valley development rang up a $679,000 sale.

Kerry and Linda Ozment purchased the house from the Hudson Residence Trust, led by Albert Hudson Jr. and his wife, Amber.

The residence previously was tied to a March 2013 mortgage of $200,000 held by First Security Bank.

The location was bought for $117,500 in May 2015 from Alexander and Angela Orsini.

Germay Dwelling
A 4,699-SF home in the Germay Court neighborhood of Chenal Valley drew a $655,000 transaction.

Otium Trust, led by Solomon and Cynthia Hu, acquired the house from the Coburn Family Trust, led by Roger Coburn Sr. and his wife, Jamie.

The site was purchased for $105,000 in November 2003 from Deltic Timber Corp. of El Dorado.

Lamarche House
A 4,526-SF home in the Lamarche Place neighborhood of west Little Rock’s Chenal Valley development changed hands in a $575,000 deal.

Dala Zakaria and Mohamed Daaboul bought the house from the Stephen and Deborah Northington Revocable Trust.

The deal is backed with a 30-year loan of $431,250 from Bank of Little Rock Mortgage Corp.

The residence previously was linked with a January 2016 mortgage of $259,000 held by the corporation and an August 2017 mortgage of $200,000 held by Regions Bank of Birmingham, Alabama.

The property was acquired for $565,000 in July 2010 from Sharilyn Gasaway.

Cammack Home
A 3,073-SF home in Cammack Village sold for $500,000. Paul Lewis Jr. and Kanna Lewis purchased the house from GrubCo. Construction & Design LLC, led by Michael Grobmyer.

The deal is financed with a 15-year loan of $400,000 from Bank of Little Rock Mortgage. The residence previously was tied to a July 2016 mortgage of $360,000 held by BancorpSouth Bank of Tupelo, Mississippi.

The location was bought for $100,000 21 months ago from the Clarence A. Getchell Revocable Trust.

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