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River City Recreation World Revisited by $6.3M Sale (Real Deals)Lock Icon

5 min read

An RV development in Sherwood tipped the scales at $6.3 million.

Store Master Funding X LLC, an affiliate of Store Capital of Scottsdale, Arizona, bought River City Recreation World at 6721 Warden Road.

The seller is FRHP Lincolnshire LLC, an affiliate of Freedom Roads/Camping World of Lincolnshire, Illinois.

The deal is backed with a $6.7 million loan from Citibank of Sioux Falls, South Dakota.

FRHP acquired the 13.78-acre development for $6.3 million in April 2018 from PR Properties LLC and I-40 RV Exchange LLC, led by Paul Minton.

Multifamily Purchase
Two Pulaski County apartment projects sold in tandem deals totaling $3.65 million.

NLRA Holdings LLC, an affiliate of AMG Realty Group of Skokie, Illinois, purchased the 92-unit Parkway Crossing Apartments project at 2000 Parkway Drive in North Little Rock for $1.9 million. The seller is Marshall Equity Investments LLC, led by Don Marshall.

NLRA also acquired the 100-unit Rosewood Apartments project at 6600 Lancaster Road for $1.75 million from Marshall’s Rosewood Community LLC.

The deal is financed with a 20-year loan of $3.2 million from West Bank of West Des Moines, Iowa.

The 5.21-acre North Parkway development previously was linked with an August 2017 mortgage of $1.4 million held by Southern Bancorp Bank of Arkadelphia.

The project was acquired for $1.7 million from Oowalge LLC, led by Valecia Ootsey-Walker.

The 5-acre Rosewood development previously was tied to an October 2015 mortgage of $1.7 million held by One Bank & Trust of Little Rock.

The project was bought for $1.7 million in April 2005 from MEE V LLC, led by Martin Edwards Jr.

Commercial Location I
A 9.98-acre commercial site in west Little Rock weighed in at $3.04 million.

True Blue Properties LLC, led by Brandon Huffman and James Barnes, acquired the land at the northeast corner of Rahling Road and St. Vincent Way from PotlatchDeltic Real Estate LLC of Little Rock.

The deal is funded with a $3.1 million loan from Barnes Revocable Trust.

Potlatch Corp. of Spokane, Washington, purchased El Dorado’s Deltic Timber Corp. last year in a $1.2 billion merger.

Windriver Acquisition
The 30,480-SF Windriver Building in Little Rock’s Riverdale area rang up a $2.72 million sale.

2300 Cottondale Building LLC, a local investment group affiliated with the Little Rock office of Colliers Inter-national, bought its namesake address from Windriver LLC, led by Michael Bauer, $2.1 million; Brave Inc., led by Peter Brave, $420,000; and Cinde Bauer, $147,119.

Windriver’s stake in the project secured an October 2012 mortgage of $1.7 million held by Little Rock’s Bank OZK.

Brave’s stake secured a July 2014 mortgage of $39,000 held by IberiaBank of Lafayette, Louisiana.

Bauer’s stake secured a June 2009 mortgage of $75,000 held by Simmons Bank of Pine Bluff. The 2.25-acre location was bought for $196,000 in November 1997 from Pleasant Valley Inc., led by Marion Burton.

Convenient Buy
A 4,800-SF service station/convenience store in west Little Rock changed hands in a $1.65 million deal.

10200 Rodney Parham LLC, led by Edward Bailey, purchased its namesake address, home to the Colony West Conoco. The seller is Keltner Marketing Corp., led by Ronald Keltner.

The deal is backed with a five-year loan of $2.5 million from Bank OZK.

The 0.65-acre development was acquired for $457,000 in June 1990 from Chevron U.S.A. Inc. of San Ramon, California.

Commercial Location II
A 4.4-acre commercial parcel in Sherwood sold for $550,000.

SS Sherwood LLC of Lavon, Texas, bought the land on the east side of Highway 107 between Maryland Avenue and Cardinal Lane from JLN Properties LLC, led by James Narup.

The property was assembled as part of two deals with Steven and Stephanie Deere, $827,000 in April 2005; and Carolyn Webb, $840,000 in April 2006.

Crossroads Property
A commercial property in North Little Rock drew a $382,500 transaction.

Crossroads Center LLC, led by Sue Enderlin, acquired the Hilltop Landscape Supplies project at 10501 Maumelle Blvd. The seller is the Dennis E. & Barbara A. Burnett Living Trust.

The 1.01-acre site was bought for $44,000 in January 1986 from Barbara Sue Enderlin.

Dance Development
A 3,750-SF dance studio in west Little Rock is under new ownership after a $110,200 foreclosure sale.

Centennial Bank of Conway recovered the Little Rock School of Dance at 8620 Cunningham Lake Road from Dancers Inc., led by Cari Duvall.

The 0.31-acre development previously was linked with a June 2007 mortgage of $255,000 held by the bank.

Dancers acquired the project for $350,000 more than 11 years ago from Larry and Sheila Vaught.

Club House
A 3,783-SF home near the Country Club of Little Rock rang up an $874,900 sale.

Larry and Mickey Drennan purchased the house from Jeff Fuller Homes LLC. The residence previously was tied to a pair of January 2018 mortgages totaling $874,900 held by the Drennans.

The property was bought for $350,000 13 months ago from the Douglas Halbert & Martha L. Halbert Joint Revocable Trust.

Hallen Court

A 4,728-SF home in the Hallen Court neighborhood of west Little Rock’s Chenal Valley development changed hands in a $695,000 deal.

The Gary & Marley Jones Family Revocable Trust acquired the house from Richard and Centhia Stephens.

The residence previously was linked with a November 2013 mortgage of $417,000 held by Regions Bank of Birmingham, Alabama.

The property was purchased for $640,000 in December 2012 from Portland’s HomeBank of Arkansas.

Ensbury Place
A 4,486-SF home in the Ensbury Place neighborhood of west Little Rock’s Chenal Valley development sold for $695,000.

Chandler Rackley bought the house from Silver Development LLC, led by Larry Crain Jr.

The deal is financed with a 30-year loan of $484,350 from Eagle Bank & Trust of Little Rock.

Silver Development acquired the location for $96,000 in December 2017 from Deltic Timber Corp.

Estates Sale
A 4,815-SF home in the Maumelle Valley Estates neighborhood drew a $595,000 transaction.

Edward Buerkle Jr. and his wife, Margaret, purchased the house from Michael and Kerry Flannery.

The deal is funded with a 30-year loan of $395,000 from Bank of Little Rock Mortgage Corp.

The residence previously was tied to a July 2015 mortgage of $417,000 held by Franklin American Mortgage Co. of Franklin, Tennessee.

The Flannerys bought the property for $572,000 more than three years ago from Kimberly Lester.

Woodlands Abode
A 4,754-SF home in west Little Rock’s Woodlands Edge neighborhood is under new ownership after a $540,000 deal.

Peter Lindley acquired the house from Paul and Patti Moser. The deal is backed with a 15-year loan of $500,000 from IberiaBank.

The Mosers purchased the residence for $535,000 in February 2017 from Ron and Victoria Tyne.

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