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Transamerica Project Attracts $9.2M Sale (Real Deals)Lock Icon

4 min read

A 102,367-SF office building and undeveloped land in west Little Rock weighed in at $9.2 million.

1400 Centerview LLC, led by Larry Crain Jr., purchased the 1400 Centerview Drive project and an adjoining 8.57-acre tract from Transamerica Life Insurance Co. of Cedar Rapids, Iowa. The deal is financed with a five-year loan of $9.3 million from First Security Bank of Searcy.

The combined 17-acre property was acquired for $4.8 million in November 2001 from ISB Investors LLC, led by Jim Irwin, Mark Saviers and Claude Ballard.

Vet Transaction
A veterinary project in North Little Rock tipped the scales at $1.23 million.

Terravet AH Little Rock LLC of Bala Cynwyd, Pennsylvania, bought the After Hours Animal Hospital at 260 Smokey Lane and Premier Boarding Kennel at 290 Smokey Lane from Hunter Properties LLC, led by Dean Hunter.

The 1.49-acre development is now helping secure a $60 million funding agreement with KeyBank of Cleveland.

The property previously was tied to a February 2011 mortgage of $360,260 with Centennial Bank of Conway.

The land was purchased for $82,000 in November 1994 from the estate of Henry Lea.

Service Center Sale
A 3,240-SF auto service center in North Little Rock rang up a $775,000 sale.

Physchpaice Trust of Encino, California, acquired the Precision Tune Auto Care project at 4630 JFK Blvd. from CRM Capital Partners LLC, led by Mitchell Massey.

Until June 2015, ownership of the 0.44-acre development was held in the name of Matthews Management Co. LLC, led by David Matthews.

The property had been owned by the Matthews family since August 1925, when Justin Matthews purchased the land for $3,000 as part of a 38-acre deal with C.E. Moore.

Mobile Acquisition
A Jacksonville mobile home park changed hands in a $625,700 deal.

Lamplighter Village MPH LLC of Ventura, California, bought the Lamplighter Village mobile home park at 1201 S. Highway 161 from Childress Properties Inc., led by Larry Childress.

The 6.46-acre development is securing a 27-year loan of $700,000 from Little Rock’s Bank OZK.

The land was acquired for $125,000 in January 2002 from Heatherdale AR Ltd., led by Douglas and Timothy Ogden.

Office Purchase
A 2,660-SF office building in midtown Little Rock sold for $415,000.

Mike Angel Properties LLC purchased the 5300 Evergreen Drive project from the United Methodist Foundation of Arkansas.

The deal is backed with a 10-year loan of $352,750 from Today’s Bank of Huntsville.

The 0.3-acre location was bought for $50,000 in May 1997 from James Metrailer Sr. and his wife, Vickey.

Palace Buy
A 5.84-acre church development in southwest Little Rock is under new ownership after a $407,247 transaction.

Kidz Palace Therapy LLC, led by Gregory Plunkett, acquired the project at 8923 Sunset Lane from Exalters of Christ Ministries International.

The deal, funded with a three-year loan of $450,000 from Bank OZK, closed in advance of a Dec. 6 foreclosure sale.

The property previously was linked with a November 2014 mortgage of $362,710 held by the bank.

Exalters purchased the former Promiseland Ministries project for $485,000 in June 2009 from North Little Rock’s National Bank of Arkansas.

Country Club Manor
A 6,000-SF home near the Country Club of Little Rock weighed in at $1.7 million. Robert Janes III and his wife, Megan, bought the house from the Linda LaFrance Revocable Trust.

The deal is financed with a 30-year loan of $1.3 million from First National Bank of Paragould.

The residence was acquired for $1.4 million in March 2014 from Sheila McAdams.

Chenal Downs
A 4,060-SF home in west Little Rock’s Chenal Downs neighborhood drew a $958,000 transaction.

Harrison and Kathryn Starnes purchased the house from Mark and Deborah McFatridge.

The deal is backed with a 30-year loan of $766,500 from Caliber Home Loans Inc. of Irving, Texas.

The residence previously was tied to a March 2016 mortgage of $712,000 from Oakstar Bank of Springfield, Missouri.

The location was bought for $125,000 in September 2015 from Merritt and Lauren Dake.

Cliffewood Abode
A 4,076-SF home in Little Rock’s Cliffewood neighborhood rang up a $910,000 sale.

Scott and Elizabeth Poynter acquired the house from Harrison and Beth Reed. The deal is funded with a one-year loan of $850,000 from First Community Bank of Batesville.

The residence previously was linked with a June 2015 mortgage of $632,000 from U.S. Bank of Cincinnati.

The Reeds purchased the property for $780,000 in May 2014 from James Wellborn Jr.

Forest Heights
A 2,636-SF home in Little Rock’s Forest Heights Place neighborhood changed hands in a $620,000 deal.

Kale Ludwig and Megan Smith bought the house from John and Virginia Porter. The deal is financed with a 30-year loan of $420,000 from Centennial Bank.

The residence was acquired for $500,000 in November 2010 from Eric and Amy McCay.

Overbrook Home
A 4,668-SF home in North Little Rock’s Overbrook neighborhood sold for $615,000.

Cole and Ashley Rodgers purchased the house from Derek and Sarah Keath-ley. The deal is backed with a 30-year loan of $533,439 from IberiaBank of Lafayette, Louisiana.

The property previously was tied to an April 2018 mortgage of $463,250 from One Bank & Trust of Little Rock.

The Keathleys bought the location for $100,000 in August 2017 from the Karen K. Howard Revocable Trust.

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