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Unity Health Purchase Surpasses $7.7M (Real Deals)Lock Icon

4 min read

A 124,903-SF hospital and adjoining buildings in Jacksonville tipped the scales at $7.75 million.

Searcy’s Unity Health-Jacksonville purchased the former North Metro Medical Center at 1400 Braden St., the 12,358-SF Marshall Road Medical Clinic at 813 Marshall Road and the 6,566-SF Kareer Kids day care at 901 MacArthur Drive.

The seller is Allegiance Hospital of North Little Rock LLC of Shreveport.

Jacksonville Medical Center Inc., led by Mayor Bob Johnson, transferred additional property for nominal consideration: the 38,175-SF former Rebsamen Family Clinic at 1300 Braden St., the 3,076-SF Jacksonville Physical Therapy building at 208 John Harden Drive, a 1.64-acre parking area on the south side of Braden across from the hospital and a 1.49-acre undeveloped parcel near the southeast corner of Braden and Marshall.

Allegiance bought the 10.11-acre hospital development, the 0.85-acre Marshall Road Medical Clinic development and 0.53-acre day care development for $10.2 million in April 2012 from the city of Jacksonville.

The 3.5-acre clinic development was acquired for $840,000 in June 2001 from St. Vincent Infirmary Medical Center. The 0.57-acre physical therapy development was purchased in September 2017 as part of a $475,000 deal with the Robbie L. Walker Irrevocable Trust.

Most of the parking area was assembled in two deals with Lloyd and Marsha Friedman, $20,000 in September 1985; and Jerald and Charlotte McLain, $109,000 in October 1985. The undeveloped 1.49-acre parcel was purchased in April 1992 as part of a $225,000 deal with the Anne W. Thompson estate.

Dollar Deal

A 9,100-SF Dollar General in south Little Rock weighed in at $1.32 million.

Regali Nonni LLC of Carlsbad, California, bought the 4701 W. 65th St. project from PB General Holdings (65th) LLC, led by Leonard Boen.

The deal is backed with a 14-year loan of $500,000 from Eastman Credit Union of Kingsport, Tennessee.

The 1.02-acre site was acquired for $129,000 in September 2014 from JHB Baseline LLC, led by Jack Burchfield.

Hardee’s Acquisition

A 2,580-SF Hardee’s in Jacksonville changed hands in a $975,000 deal.

S&D Real Estate LLC of Lakeland, Tennessee, purchased the 1815 N. First St. project from Big Rock LLC of Madison, Wisconsin.

The deal is financed with a 20-year loan of $780,000 from Premier Bank of Arkansas in Marion.

Big Rock bought the 0.74-acre property for $400,000 in February 2016 from Raheel Realty Inc. of Encino, California.

Small Complex

A five-unit apartment project in North Little Rock rang up a $410,000 sale.

The Jay K. Fung & Kathleen M. Fung Revocable Trust acquired 5707 Sonora Drive from OCG Holdings LLC of Manhattan Beach, California.

The 0.4-acre development was purchased for $97,000 in January 1977 from Wiggins & Co., led by Austin Wiggins Jr.

Office Transaction

A 2,501-SF office building near the Landmark community in south Pulaski County drew a $275,000 transaction.

The Arkansas Conference Association of Seventh-Day Adventists bought the 12110 Arch Street Pike project from Action Process Service & Private Investigations LLC, led by Loretta and John Heavner.

The 0.93-acre property was assem-bled in two deals with the E. Christine Bennett Irrevocable Trust, $20,000 in December 2010; and Ralph McDaniel, $28,000 in July 2010.

Longwood Manor

An 8,885-SF home in the Longwood Road neighborhood of west Pulaski County tipped the scales at $2.1 million.

The Cedar Point Revocable Trust, led by David and Lauren Huckabee, purchased the 5.37-acre spread from the Charlotte Leigh Caroom Revocable Trust.

The deal is funded with a 30-year loan of $1.6 million from CrossCountry Mortgage LLC of Brecksville, Ohio.

The home site was bought in December 2001 for $515,000 from Stephen and Patricia Chaffin.

Rockwater Village

A 3,674-SF home in North Little Rock’s Rockwater Village neighborhood sold for $890,000. Wayne Enterprises Trust, led by Miles McConnell and Robert DeBin III, acquired the house from the Charles A. Hays Jr. & Gladys Ann Hays Joint Revocable Trust. The deal is backed with a five-year loan of $800,911 from Encore Bank of Little Rock.

The Hays family purchased the residence for $830,000 in June 2019 from the Adam Scott Melton Revocable Trust.

Chenal Downs

A 4,568-SF home in west Little Rock’s Chenal Downs neighborhood is under new ownership after a $679,000 deal.

Paulo Jacuzzi bought the house from the William Clark Fitts Jr. & Sharon Inge Fitts Revocable Trust.

The deal is financed with a 30-year loan of $543,000 from Regions Bank of Birmingham, Alabama. The residence was acquired for $640,000 in December 2003 from Fred Newton.

Argenta Place

A 2,863-SF condo in downtown North Little Rock changed hands in a $600,000 deal. The Scott & Ruth Landers Family Trust purchased the third-floor Argenta Place unit from Harold Tenenbaum.

The residence was bought in October 2007 for a reported $834,000 from Argenta Place LLC, led by John Gaudin.

The Maisons

A 4,690-SF home in The Maisons neighborhood of west Little Rock rang up a $590,000 sale.

Ronald and Doris Bank acquired the house from William Bentz. The deal is financed with a 30-year loan of $250,000 from Bank of England.

The residence was purchased for $575,000 in November 2005 from Jennifer and Robert Scroggin Jr.

The Courts

A 3,980-SF home in The Courts neighborhood of west Little Rock drew a $538,000 transaction.

Cara and Steven Lank bought the house from the Flis Family Trust, led by Dominic and Shelly Flis. The deal is funded with a 30-year loan of $511,100 from Encore Bank.

The Flis family acquired the resi-dence for $500,000 in July 2009 from Kevin and Terri Vaughn.

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