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Dave & Buster's Draws $8.1M Transaction (Real Deals)

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The sale-leaseback of the Dave & Buster's in Little Rock weighed in at $8.1 million.

National Retail Properties Ltd. of Orlando, Florida, bought the 30,346-SF project at 10900 Bass Pro Parkway from Dave & Busters of Arkansas Inc. of Dallas.

The 5.42-acre site was acquired for $2.36 million in September 2015 from Town Center LLC, led by Tommy Hodges.

Burger King Buy
A sale-leaseback of a 2,800-SF fast-food eatery in west Little Rock tipped the scales at $1.33 million.

Sattler Investments LLC of Jonesboro purchased the Burger King at 14916 Cantrell Road from FRP Cantrell Falls LLC, led by Dominic Flis.

The 1.19-acre development previously was linked with a December 2011 mortgage of $1.2 million held by Simmons Bank of Pine Bluff. The location was bought for $880,000 in July 2008 from 14910 Cantrell LLC, led by Steve Hockersmith.

Malmstrom Deal
An 11,125-SF office complex in west Little Rock is under new ownership after a $1.12 million deal.

Buckstaff Kanis Holdings LLC, led by Doug Malmstrom, acquired the 11,125-SF office complex at 11617-21 Kanis Road. The seller is Malmstrom Family Ltd. Co. LLC, led by Patrick Malmstrom.

The deal is financed with a seven-year loan of $952,000 from IberiaBank of Lafayette, Louisiana. The 3-acre development previously was tied to a January 2003 mortgage of $552,000 held by Pulaski Bank & Trust of Little Rock.

The property was purchased for $515,000 in March 2002 from Bird & Bear Enterprises Inc., led by Jay Heflin.

Convenient Sale
A convenience store in south Little Rock rang up a $500,000 sale.

Anwer Hemani bought the Super Stop project at 6828 Col. Glenn Road from Young and Ji Chang.

The deal is backed with a seven-year loan of $400,000 from Arvest Bank of Fayetteville.

The 0.6-acre development previously was tied to a January 2016 mortgage of $206,199 held by Arvest.

The Changs acquired the property for $400,000 in January 2011 from James and Mal Chung.

Shriners Acquisition
A 3,683-SF office building in downtown North Little Rock drew a $470,000 transaction.

Scimitar Shriners Holding Corp., led by Glen Jackson and David Adams, purchased the 632 W. Broadway project from 5 Star Corp. of Meadville, Pennsylvania.

The 1.01-acre site was bought for $5,000 in December 2001 from MJK Co., led by Jean Carl.

Apartment Purchase I
A 12-unit apartment project in midtown Little Rock sold for $395,000. J. Hoffman Properties LLC, led by James Hoffman, David Rapp and Brian Teeter, acquired the 5919 W. 19th St. project.

The seller is Scott Street Apartments LLC, led by Jason Bolden.

The deal is funded with a one-year loan of $439,120 from Simmons Bank.

The 0.53-acre development previously was linked with a July 2013 mortgage of $310,250 held by Central Bank of Little Rock.

The property was purchased for $350,000 nearly four years ago from KMN Properties LLC, led by K. Mike Nutting.

Apartment Purchase II
Apartments in south Little Rock changed hands in a $250,000 deal.

Town Creek LLC, led by Randy Ferguson, bought nine units at 3518 Arapaho Trail and the neighboring six units at 3426 Arapaho Trail from Elgin and Anita Junior.

The combined 0.78-acre development previously was tied to a February 2006 mortgage of $310,000 held by One Bank & Trust of Little Rock.

The Juniors acquired the property for $315,000 more than 11 years ago.

The sellers were Donald and Sharon Smith.

Sologne Manor
A 4,985-SF home in the Sologne Circle neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $900,000 deal.

Amanda Patterson purchased the house from Kevin and Mary Handley. The deal is financed with a 15-year loan of $100,000 from Southern Bancorp Bank of Arkadelphia.

The residence previously was linked with a July 2013 mortgage of $668,000 held by Wells Fargo Bank of Sioux Falls, South Dakota.

The Handleys bought the property for $835,000 more than three years ago from William and Wendy Raney.

Deauville Abode
A 7,262-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development rang up an $875,000 sale.

Donald Marshall Jr. acquired the house from Robert Clancy Jr.

The deal is backed with a five-year loan of $514,443 from Southern Bancorp Bank.

The residence previously was tied to a June 2015 mortgage of $600,000 held by Bear State Bank of Little Rock.

Clancy purchased the property for $900,000 nearly two years ago from Bhu and Jyoti Makan.

Cliffewood House
A 2,991-SF home in Little Rock’s Cliffewood neighborhood drew a $753,000 transaction.

Jason and Abby Holsclaw bought the house from James and Elizabeth Smitherman.

The deal is funded with a 30-year loan of $543,000 from IberiaBank.

The residence previously was linked with an April 2016 mortgage of $652,000 held by U.S. Bank of Cincinnati.

The Smithermans acquired the property for $815,000 a year ago from Coleman and Shannon Treece.

Heights Residence
A 3,903-SF home in the Heights neighborhood of Little Rock sold for $739,900.

Gregory and Brittany Wood purchased the house from Jonathan and Jennifer Bricker.

The deal is financed with a 30-year loan of $369,950 from Arvest Bank. The residence previously was tied to a December 2016 mortgage of $385,000 held by BancorpSouth Bank of Tupelo, Mississippi.

The Brickers bought the property for $445,000 in December 2010 from GSA Home Equity Trust 2007-5 Asset-Backed Certificates Series 2007-5.

Courts Home
A 4,705-SF home in The Courts neighborhood of west Little Rock’s Chenal Valley development changed hands in a $542,532 deal.

David and Blair Greenwood acquired the house from Matthew and Amber Enderlin.

The deal is backed with a 30-year loan of $424,100 from Simmons Bank.

The Enderlins purchased the property for $440,000 in September 2010 from Jodi and Raymond Barboza.

Club House
A 2,797-SF home near the Country Club of Little Rock is under new ownership after a $520,000 sale.

Scott Tabor bought the house from Wells Fargo Bank, trustee of Banc of America Securities Inc. Pass-Through Certificates, Series 2004-7.

The deal is funded with a 10-year loan of $467,480 from IberiaBank.

The property was recovered at a $510,000 foreclosure sale in March 2016 from James and Kathleen Atkins.

The residence previously was tied to a May 2004 mortgage of $616,000.

Seven-Digit Construction

Cyclotron       $5,500,000
9015 Carti Way, Little Rock
Nabholz Construction Corp., Conway

New Home    $2,100,000
20 Varennes Court, Little Rock
Markus Homes, Little Rock

Office Renovation    $1,214,431
Wilson & Associates
400 W. Capitol Ave., Little Rock
D&N Construction LLC, Vilonia


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