Wilmington Apartments, a 120-unit apartment project at 617 Donovan Briley Blvd. in North Little Rock, was built in 2002.
The sale of a 120-unit apartment complex in North Little Rock weighed in at $3.85 million.
Wilmington Acquisition LLC, an affiliate of Maxus Realty Trust of North Kansas City, Missouri, bought Wilmington Apartments at 617 Donovan Briley Blvd. The seller is PC Wilmington LLC of Provo, Utah.
The deal is backed with a three-year loan of $3.1 million from Great Southern Bank of Springfield, Missouri.
PC Wilmington acquired the project for $1.9 million in August 2014 from Wilmington Apartments Ltd. of Gardena, California.
Westwood Building
Construction of a 25,000-SF home improvement store is in motion after a $2.1 million land deal in west Little Rock.
Westwood Real Estate Development Co. LLC, led by Steve Wortman, purchased the 2.86-acre property at 14900 Cantrell Road. The seller is 14910 Cantrell LLC, led by Steve Hockersmith.
The project is financed with a seven-year loan of $4.16 million from Relyance Bank of Pine Bluff.
The land is part of a $3.2 million land assembly.
The sellers were the namesake trusts of Edward and Bonnie Cargile, $1.35 million in December 2004; and PJM Revocable Trust, led by Phyllis McGrew, $1.9 million in July 2006.
Mini-Transaction
A 55,565-SF mini-storage facility in southwest Little Rock tipped the scales at $1.7 million.
Little Rock Self Storage LLC of Cordova, Tennessee, acquired the U-Store-It project at 6100 Leon Circle from Wood Stone Little Rock LLC of Mount Kisco, New York.
The deal is funded with a five-year loan of $1.4 million from Centennial Bank of Conway.
Wood Stone recovered the 3.34-acre development from U-Store-It Solutions LLC of Tarzana, California, at a $1.35 million foreclosure in October 2013.
The property was purchased for $2.4 million in December 2006 from U-Storit Inc., led by Bill Humble.
Smooth Purchase
A Tropical Smoothie location in North Little Rock is under new ownership after a $653,000 transaction.
Serenity Real Estate LLC of Bermuda Dunes, California, bought the 1,400-SF project at 5504 JFK Blvd. from 5504 JFK LLC, led by Glen Johnson.
The deal is backed with a five-year loan of $461,000 from One Bank & Trust of Little Rock.
The 0.58-acre development previously was tied to a June 2011 mortgage of $492,150 held by First Security Bank of Searcy.
The property was acquired for $325,000 in June 2011 from Phelan Enterprises Inc., led by Donald Phelan.
Youman Acquisition
A convenience store and adjoining property in southwest Little Rock changed hands in a $450,000 sale.
Youman Properties LLC, led by Sadiq Ali, purchased the 2,350-SF Mapco Express at 2715 W. 65th St. and 3.12 acres all told. The seller is Hastings Realty Co., led by Stan Hastings.
The deal is financed with a $450,000 loan from Centennial Bank.
The Hastings family has owned the property since striking an April 1957 deal with Mabel Down.
Cloverdale Buy
A liquor store in southwest Little Rock drew a $435,000 transaction.
Cloverdale Enterprises LLC, led by Gursharan Singh, acquired the 9105 Chicot Road project. The seller is Stonesifer Properties Inc., led by Mark Stonesifer.
The deal is funded with a $326,250 loan from Centennial Bank.
The 6.11-acre property previously helped secure a June 2010 mortgage of $479,700 held by Regions Bank of Birmingham, Alabama.
Stonesifer purchased the property in September 2007 as part of a $600,000 transaction with Corn Insurance Agency Inc., led by John Corn.
Major Markdown
A 1.58-acre commercial site in west Little Rock sold for $390,000.
CRE Holdings LLC, led by George Rothwell, bought the southwest corner of Markham Street and Atkins Road from TrueService Community Federal Credit Union of Little Rock.
TrueService acquired the land for $801,000 in September 2004 from the K.J. Keech Trust, led by Kathy J. McFarland.
Warehouse Deal
A 13,400-SF warehouse project in North Little Rock rang up a $150,000 deal.
Clifton Family LLLP, led by Norman Clifton, purchased the property at 2323 E. Eighth St. from R.L.R. Investments LLC of Wilmington, Ohio.
The 3.81-acre development previously helped secure a May 2007 funding agreement of $300 million through JPMorgan Chase Bank of Columbus, Ohio.
R.L.R. bought the project for $210,000 in January 1998. The sellers were Marshall and Linda Wood and Scotty and Gretchen Douthet.
Heights Home
A 4,481-SF home in Little Rock’s County Club Heights neighborhood weighed in at $1.25 million.
Vent and Martha Murphy acquired the house from Richard and Paula O’Brien.
The residence previously was linked with a November 2013 mortgage of $900,000 held by IberiaBank of Lafayette, Louisiana.
The O’Briens purchased the former home of Roger and Kathy Gravis for $595,000 at an August 2010 foreclosure sale.
Sologne Residence
A 5,236-SF home in the Sologne Circle neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $905,000 deal.
Jason and Jolie Mizell bought the house from Jerry and Debra Ware. The deal is backed with a 30-year loan of $814,500 from One Bank & Trust.
The residence previously was tied to a May 2010 mortgage of $535,100 and a September 2011 mortgage of $100,000 held by U.S. Bank of Cincinnati.
The Wares acquired the property for $838,000 in June 2004 from Billy Hartness Construction Co.
Hickory Creek House
A 4,307-SF home in west Little Rock’s Hickory Creek neighborhood changed hands in a $619,760 sale.
CBM Appraisals Inc., led by Chris Maris, purchased the house from Calvin and Joyce Arnold.
The deal is financed with a $690,000 loan from Southern Bancorp Bank of Arkadelphia. The residence previously was linked with a January 2003 mortgage of $322,700 originated by One Bank & Trust.
The Arnolds bought the property for $605,000 in November 2001 from Michael and Amy Bailey.
Pine Manor Abode
A 3,704-SF home in Little Rock’s Pine Manor neighborhood drew a $585,000 transaction.
Robert and Amy Maxson acquired the house from Gina Wood and Timothy Pope.
The deal is funded with a 30-year loan of $417,000 from First Security Bank.
The property was purchased for $498,000 in March 2010 from Robert and Jeanie Richardson.
Courts Property
A 5,477-SF home in The Courts neighborhood of west Little Rock’s Chenal Valley development sold for $525,000.
Eloy and Megan De La O bought the house from John and April McMorran. The deal is backed with a 30-year loan of $417,000 from Little Rock’s Bank of the Ozarks.
The residence previously was tied to an October 2010 mortgage of $417,000 held by Moore Mortgage Inc. of Little Rock.
The McMorrans acquired the property for $493,000 in September 2009 from John and Janice Atha.
Heavy Mortgage
A 15,000-SF heavy equipment service and repair facility in southwest Little Rock was used to help secure a $44 million funding agreement.
ITR America LLC of Hobart, Indiana, obtained the four-year loan from Bank of America in Charlotte, North Carolina.
ITR purchased the 8.04-acre Heavy-Quip development at 901 Meadow Lane for $987,000 in July 2008.
The seller was Crawler Parts Inc. of Jackson, Mississippi.
Recycling Funds
A borrower and lender from Austin, Texas, connected for a $2.6 million financial package to back an industrial project in east Little Rock.
Balcones Recycling Inc. received the five-year loan from Plainscapital Bank.
Balcones bought the 10-acre property at 4501 Thibault Road for $1 million in April 1998 from Weyerhaeuser Co. of Federal Way, Washington.
Million-Dollar Construction
McKenzie Park Apartments $8,125,000
14201 Kanis Road, Little Rock
Kota Construction Inc., Little Rock
Murphy Express $1,300,000
14701 Cantrell Road, Little Rock
Hart Construction LLC, Searcy
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