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Real Estate Report 2023: Real Deals

3 min read

The top head-turning transactions from around the state

Transplace Building

Three-story, 148,200-SF building on 16 acres
$65 million
Seller: Cawley Partners
Buyer: Tempus Evergreen Inc.

McCain Plaza

North Little Rock
314,236-SF retail center on 27.78 acres
$31.25 million
Seller: TPP 303 NLR Plaza LLC

Regions Center

Little Rock
547,000-SF, 30-story office building on 1.93 acres
$31 million
Seller: NNN 400 Capitol Center LCC et al
Buyer: Little Rock-400 West Capitol Trust

FIS Campus

Little Rock
Three office buildings comprising 275,000-SF on 31 acres
$28 million
Seller: Fidelity Information Services LLC
Buyer: First Security Bancorp

Staybridge Suites

55,106-SF Staybridge Suites on 4.32 acres
$22 million
Seller: Northwest Group Inc.
Buyer: Rogers Hotel One LLC

Veterans Affairs Clinic

Fort Smith
49,500-SF VA clinic
$20.387 million
Seller: VAF 5700 Phoenix Place LLC
Buyer: GOV VA Ft. Smith LLC

Market Plaza Shopping Center

North Little Rock
33,000-SF retail center on 15.96 acres
$20.35 million
Seller: Market Plaza LP
Buyer: RCG-North Little Rock VII LLC

Former Walmart Call Center

134,000-SF office complex on 14.95 acres
$19.34 million
Seller: Walmart Inc.
Buyer: Tyson Foods Inc.

Northwest Arkansas Business Center

Three-building office complex totaling nearly 109,000 SF
$18 million
Seller: Cosby Hodges Trust, Bayou Bluff LLC, Bennett Holdings LLC
Buyer: J.B. Hunt Transport Services Inc.

Bowman Plaza I & Bowman Plaza II

Little Rock
Warehouse and office buildings totaling 178,900 SF on 13.61 acres
$16.5 million
Seller: CG-Bowman Properties LLC
Buyer: MCC Self Storage LLC, Wobbe Lane LLC

Homewood Suites

Little Rock
116-room hotel on 1.07 acres
$16.17 million
Seller: MHG Little Rock HM Ltd.
Buyer: M2 Little Rock HW LLC

Riverdale Shopping Center

Little Rock
214,253-SF retail project on 17.6 acres
$16.10 million
Seller: Kappa Realty LLC
Buyer: Xcited Riverdale LLC

Danville Building

Little Rock
95,960-SF office building on 5.34 acres sold to Nephropathology Associates PLC in April and to Arkana Commercial Holdings LLC for the same price in November
$15.75 million
Seller: STP Westlake Ltd.
Buyer(s): Nephropathology Associates PLC, Arkana Commercial Holdings LLC

Speedy Splash Car Wash

Automated car wash development on 1.5 acres
$15.3 million
Seller: SCF RC Funding IV LLC

Chenal Commons

Little Rock
70,710-SF, 5.5-acre retail center
$14.55 million
Seller: Chenal Commons DST
Buyer: VW Chenal Commons LLC

Bentonville Commerce Center

Eight commercial buildings comprising 125,371 SF on 10.81 acres
$14.05 million
Sellers: Rogers Equity Group LLC, 3B Storage LLC
Buyers: Peachtree Prep Education Facilities LLC, Mars Hill Holdings LLC, Nicholson Investments LLC

Hampton Inn & Suites

Little Rock
119-room hotel on 0.34 acre recovered in a foreclosure sale
$13.55 million
Seller: MHG of Little Rock LLC
Buyer: RSS Comm 2013-LC13-AR MLRH LLC

Procter & Gamble Distributing LLC

Two-story, 63,688-SF office building on 8.24 acres leased to Procter & Gamble, plus a 1-acre vacant lot
$12.7 million
Seller: Cole PG Fayetteville AR LLC
Buyers: Bayou Bluff LLC, GAR CO RE LLC

Jaguar-Land Rover-Volkswagen Dealership

Little Rock
30,727-SF auto dealership project on 7.08 acres
$11.75 million
Seller: LaRock Properties LLC
Buyer: Riverside Properties LLC

Casey’s Convenience Stores

Little Rock, North Little Rock and Sherwood
Six convenience stores acquired in separate deals: 4,582-SF store at 8101 Stagecoach Road, Little Rock; 4,582-SF store at 8818 Kanis Road, Little Rock; 4,835-SF store at 3300 Springhill Drive, North Little Rock; 4,755-SF store at 10340 Hwy. 107, Sherwood; 2,310-SF store at 3401 JFK Blvd., North Little Rock; and 2,803-SF store at 5420 W. 12th St., Little Rock
$11.55 million
Seller: Mapco Express Inc.
Buyer: Casey’s Marketing Co.

Breckenridge Village

Little Rock
125,505-SF retail center on 11.71 acres
$11.32 million
Sellers: Karen and John Flake, D. Briggs & Associates LLC, George and Rebecca Wells, Estate of Rogers Cockrill, Hank Kelley Jr. and Stephanie Kelley, Donald T. Jack Revocable Jr. IRA, Central Properties Inc.
Buyer: KBK-Breck LLC

Kanis Medical Plaza

Little Rock
49,333-SF medical office building on 2.69 acres
$10.1 million
Sellers: Kanis Medical LLC, Central Properties Inc., TWCS Properties LLC
Buyer: 9101 Little Rock Stolley LLC

Bowman Curve & Bowman Curve II

Little Rock
Retail projects with a combined 70,891 SF on 7.54 acres
$10 million
Seller: Ziff Bowman Curve LLC, Mount Pleasant, SC
Buyer: Bowman Curve Baceline LLC

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