Office space totaling more than 16,000 SF in Little Rock’s Riverdale area tipped the scales at $1.64 million.
The buyer of the 2100-2102 Riverfront Drive projects is Riverwood LLC, led by the James E. Hathaway Revocable Trust; the Finch Family Trust, led by Curtis Finch; and the JRH Business Trust, led by Jeff Hathaway.
The sellers were Joseph and Carol Hartman and Donald and Susan Whitley, $374,000 each; BQFA Properties LLC, led by Dickson Flake, $328,000; and John and Bonnie Hartmann, James and Lorilee Hartmann and William and Claire Hartmann, $188,000 each.
The deal is financed with a five-year loan of $1.26 million from Summit Bank of Arkadelphia. The combined 1.9-acre development previously was tied to an August 1999 mortgage of $1.17 million held by Little Rock’s Bank of the Ozarks.
The property was acquired for $1.55 million more than nine years ago from Riverfront Drive Partnership, led by James May III and Lewis May.
Country Club Manor I
A 5,800-SF home near the Country Club of Little Rock changed hands in a $1.7 million transaction.
Sheila McAdams purchased the house from Chuck Hamilton Construction Inc. The residence previously was linked with a June 2006 mortgage of $1.4 million held by One Bank & Trust of Little Rock.
Chuck Hamilton bought the property for $435,000 in June 2006 from Alan and Elizabeth Miller.
Edgehill Abode
A 5,389-SF home in Little Rock’s Edgehill neighborhood rang up a $1.33 million sale. John and Diana Young acquired the residence from Sue Gaskin.
The house previously was tied to a March 2003 mortgage of $650,000 held by Little Rock’s Pulaski Bank & Trust.
The property was purchased for $620,000 in September 1996 from Somers and Katherine Matthews.
Country Club Manor II
A 2,596-SF home near the Country Club of Little Rock sold for $995,000. Wayne Moore Construction Co. bought the house, which sits on two lots, from the Jane Davis McCain Revocable Trust.
The deal is funded with a one-year loan of $995,000 from One Bank & Trust. The property was acquired for $37,500 in September 1964 from Henry and Mildred Rephan.
Broadview Home
A 3,890-SF home in Little Rock’s Broadview neighborhood drew a $720,000 transaction. Michael Whitlock purchased the residence from Fred and Cathy Stone.
The deal is backed with a 30-year loan of $648,000 from First Security Bank of Searcy. The house previously was linked with a January 2005 mortgage of $355,000 held by Regions Mortgage Co. of Montgomery, Ala.
The Stones bought the property for $454,000 in January 2005 from Caroline and Michael Lasiter.
Rural Residence I
A 3,112-SF home in west Pulaski County is under new ownership after a $600,000 deal. The Robert G. Cress Trust acquired the house from Bob and Angie Alexander.
The 18-acre spread on Garrison Road previously was tied to a May 2007 mortgage of $500,000 held by Regions Bank of Birmingham, Ala.
The property was purchased for $570,000 in April 2005 from Stephen Giles and Ann Meador.
Rural Residence II
A 3,400-SF home in west Pulaski County changed hands in a $600,000 sale. Desmond and Carol Doris bought the house from the Nancy G. Porter Revocable Trust.
The 16-acre spread on Pleasant Grove Road previously was linked with a July 2007 mortgage of $250,639 held by Pulaski Bank & Trust.
The property was acquired for $43,000 in December 1970 from Earl and Virginia Hilliard.
Country Club Manor III
A 4,800-SF home near the Country Club of Little Rock rang up a $575,000 transaction.
James Rankin III and his wife, Ashley, purchased the house from Dale Dilday and Jane Briggs.
The deal is financed with a 30-year loan of $325,000 from Centennial Bank of Little Rock. The residence previously was tied to a May 1997 mortgage of $125,000 held by Little Rock’s First Commercial Bank.
The property was bought for $127,000 in June 1993 from Sam Cooper.
Bale Financing
Development of an auto dealership in west Little Rock is in motion with a $15 million funding agreement.
JJ Investments of Arkansas LLC, led by John Bale and John Sahene, got the seven-year loan of $13.9 million and five-year loan of $991,107 from Regions Bank.
The 8.45-acre site near the southeast corner of Col. Glenn Road and David O. Dodd Road will become the new home of Bale Honda. The property previously was linked with a May 2008 mortgage of $5.5 million held by Metropolitan National Bank of Little Rock.
The location was acquired for $5.5 million in April 2008 from Robert and Lu Anne Vogel.
Video Funding
A video enterprise in west Little Rock is backed with a $6 million financial package.
Video Viewing Inc., led by Arthur Hall, obtained the five-year loan from Webster Bank of Stamford, Conn.
The 1.8-acre location at 11408 Otter Creek South Road was bought for $41,000 in June 1984 from Otter Creek Development Co., led by Luke Quinn.
LRock Loan
The owner of a nursing home in midtown Little Rock picked up a $4.3 million note.
LRock Properties LLC of Sikeston, Mo., landed the one-year loan from First Community Bank of Batesville.
The Little Rock Healthcare & Rehabilitation Center at 5720 W. Markham St. was bought for $4.5 million in April 2007 from Ark Rock Associates Ltd., led by Gary Kading.
Ark Rock purchased the project for $2.66 million in April 1996 from First Healthcare Corp. of Louisville, Ky.
Church Mortgage
A North Little Rock congregation secured a $1.5 million mortgage. New Life Church of Arkansas Inc. received the funding from First State Bank of Conway.
Construction of the 56,000-SF church at 8000 Crystal Hill Road is backed with a November 2007 loan of $7.4 million from the bank.
The 15.6-acre site near the northeast corner of Crystal Hill Road and Interstate 430 was acquired for $3.8 million in July 2005 from the John Q. Hammons Revocable Trust.
Rosenbaum Note
The owner of a North Little Rock commercial project secured a $971,250 funding agreement.
Rosenbaum Brothers, led by Carl and Charles Rosenbaum, got the three-year loan from BancorpSouth Bank of Tupelo, Miss.
The 2.6-acre Rosenbaum Brothers development at 4801 North Shore Drive also is tied to a March 2008 mortgage of $502,903 held by the bank.
Rosenbaum Brothers bought the property for $555,000 in December 1999 from KCS Inc., led by Sid Rosenbaum.
FW Refinance
A commercial property in North Little Rock is backed with a $701,571 funding agreement.
FW Holdings Research Properties LLC, led by Karen Flake and George Wilkerson, obtained the three-year loan from Simmons First National Bank of Pine Bluff.
The Flake-Wilkerson Market Insights project at 5035 Warden Road previously was linked with an August 2003 mortgage of $980,720 held by U.S. Bank of Minneapolis.
The 1.8-acre development was purchased for $1.15 million more than five years ago from Tengy, a Tennessee general partnership led by Ed Tillman.
Tengy acquired the property for $1.3 million in November 1991 from LADS Partnership, led by Clint Thomas.
Maxamillion Loan
A North Little Rock office-warehouse project was refinanced with a $627,315 mortgage.
Maxamillion LLC, led by Randall and Mary Ives and Joshua Miller, landed the four-year loan from First Security Bank.
The 1.78-acre Hostess Cakes/Wonder Bread development at 3809 MacArthur Drive previously was tied to a September 2003 mortgage of $900,000 held by Heartland Community Bank of Camden.
The property was bought for $1 million 14 months ago from Martin-Aycock Properties, led by Robbie Martin and Harold Aycock. Martin-Aycock purchased the site for $250,000 in October 1995 from M.E. and Ruth Witkowski.
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