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Second Bass Pro Sale Produces $25.4 Million (Real Deals)Lock Icon

4 min read

The Little Rock Bass Pro Shops weighed in at $25.4 million.

GG Holdings LR, an affiliate of the Diane & Guilford Glazer Foundation in Beverly Hills, California, purchased the 104,359-SF project at 1 Bass Pro Drive.

The seller is SPT Prairie 1 BP Drive

LLC, an affiliate of Starwood Property Trust of Greenwich, Connecticut.

SPT Prairie acquired the 14.82-acre outdoor outlet development for $21.89 million in September from Bass Pro Outdoor World LLC of Springfield, Missouri.

Retail Sale
A 63,718-SF retail project in west Little Rock tipped the scales at $4.4 million.

Haag-Brown Development LLC, led by Greg Haag and Josh Brown, bought the 5.72-acre development at 16105 Chenal Parkway from Kroger Ltd. I of Cincinnati.

The deal is financed with a five-year loan of $4.6 million from First Community Bank of Batesville. The onetime Kroger space is partially occupied by Marshalls and Fit Factory, which lease a combined 15,272 SF. n

Midtown Multifamily
A 27-unit apartment project in midtown Little Rock changed hands in a $1.62 million deal.

Midtown Suites LLC, led by Lane Patterson and Matthew Lane, purchased the Guest House Apartments at 115 N. Taylor St. and 5511 A St.

The seller is LR Markham Apartments LLC, led by Umang Patel, Yogesh Asudani and Nimesh and Davesh Sitaram.

The deal is funded with a four-year loan of $1.4 million from Capital Bank of Little Rock.

The 0.76-acre development was bought for a reported $100,000 in Octo-ber 2017 from Marchant & Reese Hotels LLC, led by John Reese.

Service Garage I
A 15,000-SF service garage in North Little Rock rang up an $885,250 sale.

MPI Little Rock LLC of Minneapolis acquired the 121 House Court project from House Properties Inc., led by Barbara House. The 3.3-acre development now is helping back a $22.5 million mortgage held by Midcap XXXI Trust of Bethesda, Maryland.

House Properties purchased the land in August 1996 as part of a $224,000 deal.

The sellers were the Herschel Friday estate, William and Peggy Sutton, William and Elizabeth Terry, William and Kay Patton, William and Mary Lou Cravens and Oaklawn Jockey Club Inc., led by Charles Cella.

Service Garage II
A 15,260-SF service garage in southwest Little Rock is under new ownership after a $750,000 deal.

MK Realty Co. LLC, led by Kimberly and Michael Salinas, bought the 10601 Otter Creek East Blvd. project. The seller is Stribling Equipment LLC of Richland, Mississippi. The deal is financed with a 25-year loan of $792,300 from Regions Bank of Birmingham, Alabama.

The 5.11-acre development, now leased to Arkansas Sign & Barricade, previously helped secure a September 2013 mortgage of $11.6 million held by Origin Bank of Choudrant, Louisiana.

Stribling acquired the property as part of a $3.85 million deal with Alawest-Al LLC of Northport, Alabama.

Church Acquisition
A 7.6-acre church development in southwest Little Rock sold for $725,000.

Allen and Charles Turner purchased the Heart’s Journey property at 9621 Tall Timber Blvd. from Bible Doctrine Church.

The deal is funded with a five-year loan of $725,000 from Southern Bancorp Bank of Arkadelphia.

The property was assembled in two deals with Superior Federal Bank of Fort Smith, $53,000 in July 1985 and $23,550 in November 1987.

Mortuary Properties
A trio of 4,800-SF funeral homes in Pulaski County drew a $650,000 transaction.

Smith Huson Real Estate LLC, led by Jeffrey and Leslie Smith, acquired the properties at 7700 Highway 107 in Sherwood, 6000 Camp Robinson Road in North Little Rock and 6400 Mabelvale Pike in Little Rock.

The seller is Goosewing LLC, led by James and Teresa Huson, which provided a 10-year mortgage of $650,000 to back the deal.

The 1.01-acre Sherwood site was bought in October 1993 as part of a $160,000 deal with Premier Bank of Monroe, Louisiana.

The 1.26-acre North Little Rock site was purchased for $75,000 in April 1990 from J&R Realty Co., led by John Sanders Sr.

The 1.68-acre Little Rock site was assembled in deals totaling $60,000. The sellers were A.S. and Leatrice Rosen and P.E. and Melba Munnerlyn, $45,000 in August 1987, and John and Linda Bullock, $15,000 in February 1988.

Warehouse Transaction
A 12,548-SF warehouse in downtown Little Rock changed hands in a $450,000 deal.

Canvas Community United Methodist Congregation bought the Little Rock Vending Co. project at 1107 W. Seventh St. The seller is Cassinelli Inc., led by Robert Cassinelli.

The deal is financed with a $229,000 loan from Centennial Bank of Conway and a $225,000 mortgage carried by Cassinelli Inc.

The 0.48-acre development was acquired for $75,000 in April 1970 from Winston Moody Sr.

Apartment Buy
A five-unit apartment project in downtown Little Rock rang up a $430,000 sale.

JCJ Holdings LLC, led by Jon James, purchased the 920 Rock St. project. The seller is GK Properties LLC, led by Glenn Kubeczka.

The 0.16-acre development previously was tied to a March 2008 mortgage of $205,000 held by Central Bank of Little Rock.

The property was bought for $160,000 in April 2000 from Lynn Berry.

Maisons Dwelling
A 5,306-SF home in The Maisons neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $560,000 deal.

James Norman Jr. and his wife, Tamra, acquired the house from Abid Ghafoor and Samiya Razzaq. The deal is backed with a 30-year loan of $448,000 from Bank of Little Rock Mortgage Corp.

The residence previously was linked with a March 2013 mortgage of $318,050 held by Bank of America in Charlotte, North Carolina.

The location was purchased for $72,000 in April 2004 from Deltic Timber Corp. of El Dorado.

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