Sherwood Retail Center Attracts $4.1M Sale (Real Deals)

Sherwood Retail Center at 5450 Landers Road in Sherwood

A 123,873-SF retail project in Sherwood tipped the scales at $4.14 million.

Liquid Texas LLC of Bee Cave, Texas, purchased the Sherwood Retail Center at 5450 Landers Road from BRE DDR Br Sherwood AR LLC of New York.

The deal is financed with a three-month loan of $3.1 million from Equity Secured Investments Inc. of Austin, Texas.

The 12.54-acre development previously helped secure an October 2014 funding agreement of $800 million from Wells Fargo Bank of Sioux Falls, South Dakota, and Citigroup Global Markets Realty Group of New York.

The former Gander Mountain project was acquired for $7.2 million from Cole MT Sherwood AR LLC of Phoenix.

Multifamily Transaction
A 12-unit apartment complex in midtown Little Rock changed hands in a $680,000 deal.

JNX Holdings LLC of Seattle bought the 5919 W. 19th St. project from J. Hoffman Properties LLC, led by Brian Teeter.

The deal is backed with a five-year loan of $476,000 from Little Rock’s Bank of the Ozarks.

The 0.53-acre development previously was tied to a February 2017 mortgage of $439,120 held by Simmons Bank of Pine Bluff.

The apartments were purchased for $395,000 15 months ago from Scott Street Apartments LLC, led by Jason Bolden.

Residential Land
A 30.5-acre tract in North Little Rock shifted ownership in a transaction valued at $530,000.

Cypress Bay Development LLC, led by Ronnie Shrader, John Wright and Jack Wilson, acquired the land near the east end of Paul Eells Drive. The seller is Country Club Development LLC, led by John Wright and Jack Wilson.

The deal is funded with a $344,500 loan from Centennial Bank of Conway.

The property was bought in March 2009 as part of a $550,000 deal with Yong and Ki Kim.

Jacksonville Duo
Neighboring commercial projects in Jacksonville rang up a $440,000 sale.

Hertzog Rentals Inc., led by James and Charity Hertzog, purchased the 5,103-SF Olympic Style Taekwondo at 1010 W. Main St. and the 1,112-SF Daylight Donuts at 1102 W. Main St. The seller is the Melda A. Rice Living Trust.

The deal is financed with a 15-year loan of $440,000 from Regions Bank of Birmingham, Alabama.

Rice acquired the two half-acre properties for $151,000 in March 1987 from Ben and Susan Rice.

Nut Roasters Site
A new home for Ozark Nut Roasters is in motion after a $208,000 land deal in North Little Rock.

Ozark Candies & Nuts Inc., led by James Dobry Jr., bought the 3.67-acre site at 6200-6208 MacArthur Drive.

The seller is Best Rental Properties LLC, led by Richard Ketcher. The deal is backed with a five-year loan of $166,400 from U.S. Bank of Cincinnati.

Best Rental purchased the property in April for $186,750 from Bruce Lea.

Rural Residence
A 5,377-SF home in west Pulaski County weighed in at $1.06 million. Thomas and Jennifer Burnett acquired the 10-acre spread from Geoffrey and Stacy Tirman.

The deal is funded with a 25-year loan of $570,000 from Regions Bank.

The Tirmans bought the land for $350,000 in April 1997 from Tolson Investments Inc., led by T.J. Tolson.

Robinwood Abode I
A 4,969-SF home in Little Rock’s Robinwood neighborhood sold for $950,000.

The Lewis & Michele Langston Revocable Trust purchased the property from the Andy & Miguel Newberg Living Trust.

The deal is financed with a 25-year loan of $749,900 from Regions Bank.

The residence previously was linked with a January 2016 mortgage of $613,000 held by Fairway Independent Mortgage Corp. of Plano, Texas.

The Newbergs acquired the property for $535,000 in May 2015 from Sarah Swindler.

Robinwood Abode II
A 3,792-SF home in Little Rock’s Robinwood neighborhood drew a $590,000 transaction.

Thomas and Gabriel Bond acquired the house from John and Renee Dickins. The deal is backed with a 30-year loan of $400,000 from Bank of England.

The Dickins family purchased the property for $380,000 in December 1996 from James Wilkins Jr. and his wife, Kathleen.

Hillcrest Home
A 3,040-SF home in the Hillcrest area of Little Rock is under new ownership after a $565,000 deal.

Matthew Kosanke bought the house from Chris and Jo Harkins. The deal is funded with a 30-year loan of $508,500 from Little Rock’s One Bank & Trust.

The residence previously was tied to a July 2016 mortgage of $412,500 held by Quicken Loans Inc. of Detroit.

The location was acquired for $115,000 in September 2014 from J Street Group LLC, led by Lane Patterson.

Mirabel House
A 3,700-SF home in the Mirabel Court neighborhood of west Little Rock’s Chenal Valley development changed hands in a $540,000 sale.

Dan Crabtree Jr. and his wife, Tara, purchased the house from Randy James Construction Co. The deal is financed with a 30-year loan of $432,000 from Bank of Little Rock Mortgage Corp.

The residence previously was linked with an April 2017 mortgage of $405,132 held by First Security Bank of Searcy.

The site was bought for $85,000 in May 2016 from Crain Family Holdings LLC, led by Larry Crain Jr.

Remodeled Residence
A 2,648-SF home in west Little Rock’s Pleasant Valley neighborhood rang up a $508,000 transaction.

Lyndell Worthen III and his wife, Allison, acquired the house from Lee Maris and Casey Ingram.

The deal is backed with a 30-year loan of $406,400 from Cardinal Financial Co. of Charlotte, North Carolina. The property previously was tied to an October 2017 mortgage of $408,000 held by Relyance Bank of Pine Bluff.

The residence was purchased for $265,000 seven months ago from Bruce Schratz and Lindy Landreaux.