Redevelopment of a 31,884-SF retail project in west Little Rock is in motion after a $3.03 million transaction.
PTCOA Shackleford Clinic LLC, led by Dr. Meraj Siddiqui and Dr. Ronald Tilley, bought the Nichols Furniture store at 108 N. Shackleford Road.
The seller is Nichols Building LLC, led by John Nichols. The deal is financed with a seven-year loan of $4.2 million from First Community Bank of Batesville.
The 2.35-acre development was acquired for $1.7 million in July 1987 from Phoenix Properties Inc., led by Patsy Thomasson.
Burger Buy
A 9,364-SF office-eatery project in Maumelle tipped the scales at $1.4 million.
Atkinson Properties LLC, led by Russell and Ric Atkinson, purchased the David’s Burgers at 102 Country Club Parkway. The seller is Anchor Realty Investments LLC, led by Alan Bubbus.
The deal is funded with a $919,382 loan from Central Bank of Little Rock.
The 1.27-acre development previously was tied to a December 2014 mortgage of $995,400 held by First State Bank of Russellville.
Anchor Realty bought the property for $510,000 more than two years ago from Arvest Bank of Fayetteville.
Warehouse Sale
A 29,800-SF warehouse complex in Little Rock weighed in at $1.3 million.
Store Master Funding X LLC, an affiliate of the Store Capital real estate investment trust in Scottsdale, Arizona, acquired the Arkansas Wholesale Lumber Co. project at 3801 Mabelvale Pike for $1.3 million. The seller is Wayne & Robby L. Ridout Family LLLP.
The deal is backed with a $1.3 million funding agreement administered by Citibank of New York. The 12.53-acre development previously was linked with a March 2014 mortgage of $460,650 held by First Community Bank.
The property was purchased for $450,000 in November 2008 from the Gene & Dorothy G. Trickey Joint Revocable Trust.
Convenient Redevelopment
A 2,460-SF convenience store in the Riverdale area of Little Rock changed hands in a $520,000 deal.
WG Arkansas LLC, led by Will Rockefeller, bought the 1402 Rebsamen Park Road project.
The seller is F. Schuman-R. Kaye Co. LLP, led by Marlene Adleman.
The 0.27-acre site was acquired for an undisclosed sum in September 1962 from the Housing Authority of the City of Little Rock.
Warehouse Land
A 31.9-acre industrial tract in North Little Rock rang up a $452,000 sale.
Zero Mountain Inc. of Fort Smith purchased the land adjoining the north and east side of its 1400 Gregory St. project from Central North Hills LLC, led by Dickson Flake.
The property was bought in January 2001 as part of a nearly $14 million deal with Central & Southern Cos. LLC, led by Henry Nichols.
Church Transaction
Jacksonville congregations were on either side of a $302,000 transaction.
Synagogue New Life Church acquired the 11,588-SF project at 2015 N. First St. from Bible Baptist Church.
The deal is financed with a five-year loan of $312,000 from BOKF of Tulsa.
The 1-acre location was purchased for $2,000 in October 1962 from Lena Wilson and Gene Wilson.
Agri Acreage
Eighty acres in southeast Pulaski County sold for $176,000.
Southern Forestry & Wildlife LLC, led by Benton Gann, bought the farmland and woods north of Arkansas 161 between Macedonia and Adams roads about 5 miles west of England.
The seller is Full Harvest Agricultural REIT II Inc. of Clarksdale, Mississippi.
The deal is funded with a three-year loan of $140,000 from First Security Bank of Searcy.
Full Harvest acquired the land in November 2012 as part of a 415-acre, $1.5 million transaction with Webb Family Farm LLC, led by Marilyn Webb Buffalo and Jim Webb.
H&D Acquisition
A commercial property in south Pulaski County is under new ownership after a $165,000 deal.
H&D Central Arkansas LLC, led by Hope Allen, purchased the 0.51-acre project at 11300 Arch St. Pike from Gary Shaw.
The property was bought for $125,000 in July 2011 from Earl and Debra Godwin.
Mortuary Property
A 7,000-SF funeral home in North Little Rock drew a $150,000 transaction.
Robinson Mortuary Inc., led by Kenneth Robinson, acquired the 4511 E. Broadway project from Bliss and Linda Douthwright.
The deal is backed with a five-year loan of $120,000 from First Security Bank.
The 0.38-acre development previously was tied to a July 2010 mortgage of $80,000 held by U.S. Bank of Cincinnati.
The property was purchased for $90,000 in July 2005 from Betty King.
Waterview Estates
An 8,876-SF manor in the Waterview Estates neighborhood of west Pulaski County tipped the scales at $1.7 million.
Rodney and Amber McCarver bought the 5.5-acre spread overlooking Lake Maumelle from Gregory and Brittany Wood.
The deal is financed with a 30-year loan of $1.5 million from Arvest Bank. The residence previously was linked with a December 2013 mortgage of $750,000 held by the bank. The Woods family acquired the property for $1.2 million in March 2010 from 2610 Acres LLC, led by Rick Ferguson.
Deauville Abode
A 5,770-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development changed hands in an $887,000 deal.
JEC Holdings LLC, led by John Ed Chambers, purchased the house from Robert and Casey Love. The property was secured by a 2013 mortgage of $718,000 held by Fairway Independent Mortgage Corp. of Plano, Texas.
The property was bought for $826,000 in August 2007 from Kevin Hannah.
Lakewood Residence
A 6,470-SF home in North Little Rock’s Lakewood Park neighborhood rang up a $660,000 sale.
Suresh and Rohini Shah acquired the house from Gerald and Willodean Burger.
The deal is funded with a 30-year loan of $528,000 from Arkansas Federal Credit Union of Jacksonville.
The residence previously was tied to an August 2005 mortgage of $383,500 held by Bank of England Mortgage Co.
The Burgers purchased the location for $69,000 in August 1993 from Eagle Development Co., the real estate arm of Little Rock’s Rebsamen Insurance Co.
Woodland’s Home
A 4,754-SF home in the Woodland’s Edge neighborhood of west Little Rock is under new ownership after a $535,000 transaction.
Paul and Patti Moser bought the house from Ron and Victoria Tyne. The deal is backed with a 15-year loan of $424,094 from BOKF.
The residence previously was linked with a February 2014 mortgage of $413,000 from BancorpSouth Bank of Tupelo, Mississippi.
The site was acquired for $75,000 in July 2013 from Rocket Properties LLC, led by Ron Tyne and Lisenne Rockefeller.
Seven-Digit Construction
Warehouse Addition $4,500,000
Gateway Tire
6201 Patterson Road, Little Rock
EM Construction LLC, Bath, Ohio
High School Addition $1,400,000
Baptist Preparatory School
8400 Ranch Blvd., Little Rock
AMR Construction LLC, Little Rock
20 units $1,200,000
Stonecrest Apartments
9700 Baseline Road, Little Rock
Stonecrest Apartments LLC, Jacksonville