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Planned Shoppes At Chenal Retail Center Gets Land in WLRLock Icon

2 min read

A retail site and a mini-storage project in west Little Rock, multifamily property in Lonoke County, a Little Rock manor and adjoining pet-care projects in Sherwood form this week’s group of million-dollar real estate transactions.

♦ Shoppes At Chenal LLC, led by John Rees, acquired a 5-acre commercial site at the southeast corner of Chenal Parkway and Arkansas Systems Drive for more than $2.5 million.

Sellers? John and Karen Flake and Hank and Stephanie Kelley, 25 percent per couple; ASI Holdings LLC, led by David Payne, 17 percent; Hendren Family Ltd. LLLP, led by James Hendren; and David Payne, 14.25 percent each; Ken Starnes II Family Trust, 3 percent; and Gene and June Jones, 1.5 percent.

The property is envisioned to become the home of a three-building, 34,734-SF retail center, and $4 million worth of construction is planned to get the project up and running.

♦ Storage World Ltd., led by Ralph Bozeman, sold its namesake 675-unit mini-storage project at 8500 Cunningham Lake Road for $2.8 million.

Buyer: Modern SW LLC, led by Keith Richardson.

♦ Sundown Management Group LLC, led by Patrick and Scarlett Melikian and Gregory and Corbin Kidd, bought 12 duplexes, four lots and a 1.2-acre parcel on Sundown Drive in Ward for more than $1.5 million.

Seller: Nichols Management LLC, led by Michael and Johnia Nichols.

♦ Joey and Leslie Wiggins purchased a 6,662-SF home in the Chenal Downs neighborhood from William and Tracie Pugh for more than $1.2 million.

♦ North Hills Rental Real Estate LLC, originally led by Charles Wulz, sold the 6,370-SF North Hills Animal Hospital at 7805 Hwy. 107 and the 2,856-SF Groomingdales at 7801 Hwy. 107 for $1.2 million.

Buyer? Campbell Real Estate LLC, led by Scott and Margaret Campbell.

Construction Action

Apartments    $19,999,999
The Pointe North Hills
3000-44 North Hills Blvd., North Little Rock
Richardson Builders LLC, North Little Rock
Warehouse    $2,073,000
5320 S. Shackleford Road, Little Rock
Gerald E. Prince Construction Inc., Bryant

Transportation Building    $1,360,000
Benton High School
1800 Benton Parkway
Nabholz Construction Corp., Conway

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