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Promenade Properties Swap Hands in $3.4M DealLock Icon

2 min read

Hospitable land in west Little Rock, retail space in Jacksonville, a future tire center site in North Little Rock, furniture room in Conway and residential property in Bryant form this week’s quintet of million-dollar transactions.

♦ Deltic Timber Corp. of El Dorado sold 4.8 acres on the west side of Rahling Road between Chenal Parkway and La Grande Drive for $3.4 million.

Buyers: James and Terry Barnes and Promenade Hospitality LLC, led by Bhu Makan.

The deal included transferring a 2.91-acre site near the southeast corner of La Grande Drive and St. Vincent Way back to Deltic.

The Barneses and Promenade Hospitality acquired that property from Deltic for $2.28 million in December 2016.

♦ ATF Greenwood LLC, led by Mark Watson, bought the 35,912-SF Waterford Creek retail project at 140 Marshall Road and 140 John Harden Drive in Jacksonville for $2.1 million.

Seller: Hanner Properties-Arkansas LLC, led by Mike Hanner of Atlanta, Texas.

♦ Cuatro Hermanos Inc., led by Jose Perez, sold the 1.4-acre El Porton development at 5021 Warden Road in North Little Rock for $1.3 million.

Buyer? Halle Properties LLC, an affiliate of Discount Tire of Scottsdale, Arizona.

♦ Future elbow room for Hank’s Fine Furniture in Conway was purchased in a $1.1 million deal.

HCB LLLP, an affiliate of Hank’s, acquired a 3.1-acre parcel adjoining the south side of its 800 Museum Road project.

Seller? CM 2016 Trust, led by Samuel McFadin II.

♦ Four homes and 14 residential lots in Bryant’s Andres Gardens were recovered at a $1 million foreclosure sale by Little Rock’s Heartland Bank, owned since August by Simmons Bank of Pine Bluff.

The former owner of the residential property was Conway’s Touchstone Developers LLC, led by Robert and Susan Etters.

Seven-Digit Construction

Indoor Practice Facility    $5,067,587
Little Rock Christian Academy
19010 Cantrell Road, Little Rock
Clark Contractors LCC, Little Rock
Peggy Bosmyer Christian Formation Center    $2,210,186
St. Margaret’s Episcopal Church
20900 Chenal Parkway, Little Rock
Bell Construction Co., North Little Rock

Renovation    $1,534,737
Martin-Brower Co.
1302 Henderson Drive, North Little Rock
Trane US Inc., Nashville, Tennessee
Renovation    $1,000,000
United Parcel Service
5501 Fourche Dam Pike
Catamount Constructors Inc., Lakewood, Colorado

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