Raney Building Buy Exceeds $2.8M (Real Deals)

The Raney Building at 3600 Cantrell Road in Little Rock. (Google Maps)

A 40,801-SF office building in the Riverdale area of Little Rock weighed in at $2.87 million.

GW1234 Investments LLC, an affiliate of Little Rock’s Good Day Farm, acquired the Raney Building at 3600 Cantrell Road. The seller is Peartree Inc., led by Katharine Adams.

The deal is financed with a $4.8 million loan from Farmers Bank & Trust of Magnolia.

Peartree purchased the 2.32-acre development for $1.8 million in June 2013 from IberiaBank of Lafayette, Louisiana.

IberiaBank recovered the Raney Building at a $2.1 million foreclosure sale in July 2010 from T.J. Raney Building Inc., led by Thomas Raney.

Commercial Land I

A 37.53-acre tract in North Little Rock tipped the scales at $1.09 million.

Clifton Family LLLP, led by Norman Clifton, bought the land adjoining the south side of the Dollar General at 11046 U.S. 165 from Jimmy Brewer Jr. and his wife, Taray.

The Brewers purchased the property in April 2020 as part of a $333,905 deal for more than 52 acres. The seller was Southeast Financial Management LLC, led by George Wilcox.

Southeast Financial recovered the land in November 2012 in lieu of foreclosure on Hwy. 165 Development LLC, led by James Glover, Rustin Glover, David Dunn and Andrew Adkins.

Hwy. 165 acquired the land in May 2006 as part of an $869,000 deal with Wilcox Investment Ltd., led by George and Shirley Wilcox.

Commercial Land II

An 11.26-acre commercial parcel along Interstate 30 in south Little Rock changed hands in a $975,000 deal.

BFE Investments LLC of Ruston, Louisiana, purchased the parcel between Don’s Supply at 9912 I-30 and Northern Tool at 10010 I-30.

The sellers are Amanda Bolls Smith, James Bolls, Susan Pollock and Jason Pollock. The deal is funded with a two-month loan of $983,375 from Origin Bank of Choudrant, Louisiana.

The property was bought in April 1946 as part of a $5,000 deal with C.W. and Emma Jones.

Used-Car Property I

A used-car property in Gravel Ridge sold for $750,000.

Emmitt and William Hynum acquired Kellogg Valley Motors at 14418 Highway 107 from Kellogg Valley Realty LLC, led by Carolyn Cunningham and Joyce Stewart.

The deal is backed with a $400,000 loan from Centennial Bank of Conway.

The 0.61-acre site was purchased for $110,450 in August 1987 from Twin City Bank of North Little Rock.

Argenta Land

A 0.98-acre piece of downtown North Little Rock drew a $425,000 transaction.

Riverwalk Properties LLC, led by Cope Gracy and Ryan Newcomb, bought the land on the west side of Olive Street between Eighth Street and S.A. Jones Drive. The seller is East Argenta Land Holdings LLC, led by Roger Coburn Jr.

East Argenta assembled the property as part of two deals with The Mill LLC, led by Harold Tenenbaum, $541,920 in June 2020; and Parks Rentals Inc., led by Harold Parks, $163,000 in August 2020.

Used-Car Property II

A 4,538-SF used-car facility in south Little Rock rang up a $350,000 sale.

A Plus Cars of Atlanta LLC, led by Gary Pierce, sold its project at 5015 S. University Ave. The buyers are Sunrise Insurance & Services Inc., led by Violete Favela; and Triple Seven Auto Sales Inc., led by Oskar Munoz.

A Plus Cars bought the 1.09-acre development for $180,000 in December 2014 from Bullock’s Kentucky Fried Chicken Inc., led by Randy Bullock.

Commercial Land III

A 1.18-acre commercial site in North Little Rock is under new ownership after a $225,000 transaction.

JCE Holdings LLC, led by Jaison Sterling, acquired the parcel between 7705 Northshore Place and 7691 Northshore Place. The seller is LHW Properties LLC, led by Howard Wiechern III.

LHW purchased the property for $191,500 in April 2022 from Sanders Plumbing Inc., led by John McCormack.

Heights Home

A 5,220-SF home in the Heights area of Little Rock weighed in at $1.6 million.

Ricki Fram and Robert Johnson bought the house from Robert and Eliza Gaines  The deal is financed with a 30-year loan of $1.5 million from First Horizon Bank of Memphis.

The Gaines family acquired the residence for $1.3 million December 2016 from Clark and Katherine Raborn.

Quick’s Lake Place

A 3,570-SF home in the Quick’s Lake Place neighborhood of west Pulaski County tipped the scales at $1.17 million.

The Kyle & Ashley Stoner Family Trust purchased the residence from Charles and Shelley Quick. The deal is funded with a 30-year loan of $1.1 million from First Horizon Bank.

The Quicks bought the 3.21-acre site in May 2017 as part of a $265,000 deal with George Barnes III.

Shadowlawn Abode

A 4,982-SF home in Little Rock’s Shadowlawn neighborhood changed hands in a $1 million deal.

David Snowden III and his wife, Elizabeth, acquired the house from William and Lori Walmsey. The deal is backed with a 30-year loan of $400,000 from First Horizon Bank.

The residence was purchased for $690,000 in August 2010 from Norman Vascocu Jr.

Copper Run

A 3,510-SF home in west Little Rock’s Copper Run neighborhood sold for $797,350.

Daniel and Lauren Byram bought the house from Graham Smith Construction LLC.

The deal is financed with a 30-year loan of $470,000 from Cornerstone Home Lending of Houston, Texas.

The 0.25-acre site was acquired in December 2017 as part of an 85-acre, $2.2 million deal with Glenda C. Pehrson Family Ltd.

ABF Buy

ABF Inc. of Fort Smith paid $1.01 million for a 5.8-acre parcel adjoining the east side of its truck terminal at 3100 Springhill Road in North Little Rock.

The seller is Woodcrest Co. LLLP, led by James Patrick Matthews.

The land was part of the 400-acre Springhill Farm that John and Martha Matthews purchased in August 1959 from Fred and Katherine Watkins for $250,000.