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Port Warehouse Sale Docks at $8.1 Million (Real Deals)

4 min read

A 184,524-SF warehouse in the Little Rock Port Industrial Park tipped the scales at $8.1 million.

Sealy Lindsey Road LLC, an affiliate of Sealy Real Estate Services of Shreveport; Murdo Properties LLC, an affiliate of Corlena Properties in Amarillo, Texas; and Canyon Headlight LLC of Amarillo purchased the Port Distribution Center at 6001 Lindsey Road.

The sellers are Lindsey Warehouse LLC, Once LLC and Burlingame Investments Holdings LLC, all led by Isaac Smith; and Blue Sky Enterprises LLC, led by Lewis Gardner.

The 10.43-acre development is helping secure a $150 million funding agreement from KeyBank of Cleveland.

The project was acquired for $4.5 million in November 2017 from Westcopley LLC, an affiliate of Ligand Pharmaceuticals Inc. of San Diego.

Parkwood Purchase

A 52-unit apartment project in Little Rock weighed in at $2.5 million.

Boynerian LLC, led by Arek, Arpi and Avedis Boynerian, acquired the Parkwood Apartments at 3510 S. Bryant St. The seller is Kitterman Properties II LLC, led by John and Marsha Kitterman.

The deal is backed with a 21-year loan of $2.9 million from First Service Bank of Greenbrier.

The Kittermans purchased the 1.45-acre development for $1.1 million in May 1999 from Clayton and Jan Gring.

Warehouse Duo

A pair of North Little Rock warehouse projects sold in tandem deals totaling $990,000.

Westside Ventures LLC of Bowling Green, Kentucky, bought the 10,176-SF office-warehouse at 710 Dixie St. and the 20,200-SF warehouse at 800 Palm St. for $495,000 each.

The 5.55-acre Palm Street development was sold by Clifton Warehouse Leasing LLC and Clifton Family LLLP, both led by Norman Clifton. The 0.88-acre Dixie Street development was sold by Clifton Family LLLP.

The Palm Street property was purchased for $163,000 in January 2018 from Odus and Patsy Pack. The Dixie Street project was acquired in August 2018 as part of a $600,000 deal with Victory Transload LLC of Roanoke, Texas.

K-Mac Property

A 1.07-acre future fast-food location in west Little Rock changed hands in a $969,000 deal.

K-Mac Enterprises Inc., led by Sam Fiori, purchased the site near the southeast corner of Col. Glenn and Talley roads from CGTR Lot 2 LLC, led by Leonard Boen.

The land was bought in April 2021 as part of an $875,000 deal with CT BTS LLC, led by Scott McLain.

Office-Warehouse I

A 6,000-SF office-warehouse in North Little Rock rang up a $950,000 sale.

T&R Maumelle Curve LLC, led by Russell Hall, acquired the Equipment Resource Management project at 11815 Maumelle Blvd. from the estate of Keith Pfeiffer.

The 1.94-acre site was purchased for $120,000 in August 2020 from Richard and Tina Chwalinski.

Office-Warehouse II

A 5,800-SF office-warehouse project on the northern edge of Maumelle drew a $600,000 transaction.

Twin Oaks Property Management LLC, led by Adam and Kyle Jackson, bought the 24318 state Hwy. 365N project. The seller is Tri-B Realty Inc., led by John Billingsley. 

The deal is financed with a four-year loan of $480,000 from Simmons Bank of Pine Bluff.

Tri-B Realty acquired the 9-acre property for $195,000 in November 1997 from Doyle and Lupe Tankersley.

Ag Land

A 162-acre agri tract in east Pulaski County is under new ownership after a $565,000 deal.

Gary and Gail Downs and Zachary and Kimberly Downs purchased the farmland about 6 miles south of Scott east of Highway 161 near the Arkansas River from Brane-Strom LLC of Middleburg, Virginia.

The deal is funded with a 30-year loan of $570,000 from Metropolitan Life Insurance Co. of New York.

Brane-Strom bought the property in September 2010 as part of an $850,000 deal with Clarefield Grass LLC, led by Walter Estes.

Storage Site

A 19.81-acre tract in southwest Little Rock sold for $400,000.

Redi-Door Storage Inc. of Farmington, New Mexico, acquired the land on the south side of Baseline Road between Sibley Hole Road and Childers Drive from the Kathryn Farrell French Revocable Trust.

The property was purchased for $45,000 in July 2004 from the First United Methodist Church in Magnolia.

Paradise Transaction

A 10.22-acre parcel in the Morgan community of northwest Pulaski County changed hands in a $300,000 deal.

Ashley’s Paradise Mountain LLC, led by Todd Ashley Sr., bought the land near the northwest corner of North Ashley Road and Brooklyn Cove. The seller is Affiliated Equipment Co., led by Ron Ferrell.

The deal is backed with a three-year loan of $300,000 from Little Rock’s Bank OZK.

Affiliated acquired the property for $140,000 in April 2006 from Robert and Mary Hunter.

1 Call Acquisition

A 2.27-acre commercial site in North Little Rock rang up a $225,000 sale.

1 Call Heat & Air Inc., led by Raymond Hoover, purchased the land near the southwest corner of Crystal Hill and Mountain Pine roads. The seller is DVC Inc., led by Charles Richardson.

The deal is financed with a three-year loan of $150,000 from First Service Bank.

The property was bought in October 1998 as part of a $100,000 deal with the estate of Arbell Johnson Alford.

Auto Glass Buy

A 1,578-SF commercial project in southwest Little Rock drew a $180,000 transaction.

William Pena and Elva Navarijo acquired Danny’s Auto Glass at 9601 Interstate 30 from Daniel and Cindy Galindo.

The Galindos purchased the 0.47-acre development for $130,000 in October 2015 from Joe Albert.

Heights Home

An 8,424-SF home in the Heights area of Little Rock tipped the scales at $2.83 million.

William Steinbach and Susan Emmett bought the house from Jeff Fuller Homes LLC. The deal is funded with a 30-year loan of $2.5 million from First Horizon Bank of Memphis.

The location was acquired in July 2021 as part of a $1 million deal with Sylvester and Irena Pupkowski.

Edgehill Abode

A 3,743-SF home in Little Rock’s Edgehill neighborhood weighed in at $1.3 million.

Doug Jackson Jr. and his wife, Elizabeth, purchased the house from Chris Maris Custom Homes & Remodeling LLC. The deal is backed with a seven-year loan of $1 million from Encore Bank of Little Rock.

Chris Maris bought the residence for $750,000 in October 2021 from the Julia L. Fogelman Revocable Trust.

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