A retail building in west Little Rock tipped the scales at $4.01 million.
Beefam LLC and Bonerts MV LLC of Santa Ana, California, acquired the 7,457-SF project at 17701 Chenal Parkway, home to Pei Wei and Mattress Firm. The seller is Promenade at Chenal Lot 3 LLC, an affiliate of Thompson Thrift Development Inc. of Terre Haute, Indiana.
The deal is financed with a 10-year loan of $2.95 million from Arvest Bank of Fayetteville. The 1.47-acre development previously was tied to an October 2015 mortgage of $2.36 million held by Old National Bank of Evansville, Indiana.
The location was bought for $925,000 19 months ago from Red Little Rock Land LLC of Overland Park, Kansas.
Parking Purchase
A parking lot in downtown Little Rock weighed in at $2.1 million.
Scion Investments LLC, led by Reed Lynch, purchased the 0.96-acre property on the east side of Broadway between Third and Fourth streets. The seller is 301 South Broadway LLC, led by the S. Gene Cauley Irrevocable Trust.
South Broadway carried $1.7 million of the purchase price. The property previously was linked with a June 2008 mortgage of $1.2 million held by First Security Bank of Searcy.
The property was acquired for $1.7 million in June 2008 from Little Rock’s Bank of the Ozarks.
Crest Acquisition
An undeveloped 10-acre parcel in west Little Rock changed hands in a $1.03 million transaction.
Crest at Chenal LLC, led by Larry Crain Jr., bought the land near the southwest corner of Chenal Parkway and Northfield Drive. The seller is the Presbytery of Arkansas.
The deal is backed with a two-year loan of $824,000 from First Security Bank. The land previously was tied to a pair of December 2014 mortgages totaling $1 million held by BancorpSouth Bank of Tupelo, Mississippi.
The property was purchased for $262,000 in August 1991 from Deltic Farm & Timber Co. of El Dorado.
Rural Acreage
About 41 acres in west Pulaski County is under new ownership after an $800,000 transaction. Aaron Gamewell and Nola Proctor acquired the property nearly 3 miles west of Ferndale from the John & Carolyn Russell Family Trust.
The deal is funded with a one-year loan of $400,000 from Relyance Bank of Pine Bluff. The property was assembled in four deals totaling $181,400.
The sellers were Barbara Pride Whitfield, $81,600 in February 2000; the Paul R. Pride Revocable Trust, $27,300 in February 2000; Judy Hampton, $7,500 in March 2001; and Walter and Nancy Dunn, $65,000 in February 2011.
Industrial Land
Land on the southern edge of the Little Rock Port Industrial Park rang up a $357,500 sale.
Bevans Family Ltd., led by James Shipman, purchased 11 acres at the northwest corner of Zeuber and Thibault roads.
The sellers are the Barbara & George Beene Joint Revocable Trust, Mary McKinnon Biondo Joint Revocable Trust, William W. Crawford, Bobby Fewell Revocable Trust, Glenda Shannon Fewell Family Trust, Thomas I. Koike & Kay K. Koike Trust, Louis Anthony Renaud, Georganne R. Freasier Revocable Trust, Jerome Sherman, Anthony and Myrtle DiPietro, John Meadors, Robert Watkins and Matthew and Grant Williams.
The property was acquired for $105,308 in December 1979 from Mary Toney.
Alignment Buy
A 3,068-SF commercial building in North Little Rock drew a $260,000 transaction.
Alignment Properties LLC, led by Kristin and John Clark, bought the former Wooldridge Photography project at 5307 JFK Blvd. from Tim Wooldridge.
The deal is financed with a 15-year loan of $208,000 from Regions Bank of Birmingham, Alabama.
A 0.4-acre development previously was linked with a January 2011 mortgage of $229,000 held by One Bank & Trust of Little Rock.
Wooldridge purchased the property for $155,000 in March 2001 from Scott and Connie Scherz.
Multifamily Deal
A four-unit apartment building in Sherwood sold for $200,000.
Hadir Orkibi acquired the 202-208 Cherrie Ave. project from TNT KLATR LLC, led by Zeke Tanner.
The deal is backed with a 30-year loan of $159,375 from Caliber Home Loans Inc. of Irving, Texas.
The 0.33-acre development previously was tied to a July 2014 mortgage of $185,000 held by Eagle Bank & Trust of Little Rock.
The property was bought for $205,000 nearly three years ago from Kenneth Rhone.
Sologne Manor
A 7,099-SF home in the Sologne Circle neighborhood of west Little Rock’s Chenal Valley development tipped the scales at $1.21 million.
The RAL Revocable Trust, led by Marilyn Rene Nauman, purchased the house from the Lowell Steven Jumper & Sheila Dianne Jumper Revocable Trust.
The Jumpers acquired the property for $400,000 in March 2007 from J&J Family Ltd., led by Richard E. Jones.
Orle Residence
A 5,751-SF home in the Orle Circle neighborhood of west Little Rock’s Chenal Valley development changed hands in a $752,000 sale.
James and Virginia Hill bought the house from Robert and Shanon Greer. The deal is funded with a five-year loan of $675,000 from Citizens Bank of Batesville.
The residence previously was linked with a March 2015 mortgage of $417,000 held by First Security Bank.
The location was purchased for $132,000 in December 2007 from Deltic Timber Corp. of El Dorado.
Woodland’s Abode
A 3,180-SF home in west Little Rock’s Woodland’s Edge neighborhood is under new ownership after a $636,000 transaction.
Virginia Mullins acquired the house from Duston Hennard Homes Inc. The deal is financed with a 30-year loan of $325,000 from Simmons Bank of Pine Bluff.
The residence previously was tied to an October 2015 mortgage of $365,000 held by the bank.
The site was bought for $79,000 19 months ago from Rocket Properties LLC, led by Ron Tyne and Lisenne Rockefeller.
Bell Pointe House
A 3,903-SF home in west Little Rock’s Belle Pointe neighborhood rang up a $540,000 sale.
Nahel Saied purchased the house from Liudmila Schafer. The deal is backed with a 15-year loan of $424,400 from Eagle Bank & Trust of Little Rock.
The residence previously was linked with a pair of mortgages totaling $577,000 held by Arkansas Federal Credit Union of Jacksonville.
The property was acquired for $607,000 in December 2012 from the Paul W. Stout Revocable Trust.
Osage Falls Home
A 4,725-SF home in Maumelle’s Osage Falls neighborhood drew a $525,000 transaction.
Dorman Reed bought the house from the Jonathan G. Young & Karen A. Young Trust No. 1. The deal is funded with a 30-year loan of $375,000 from Quicken Loans Inc. of Detroit.
The location was purchased for $95,000 in October 2010 from Wanda Carroll.
Miramar Dwelling
A 4,000-SF home in the Miramar Place neighborhood of west Little Rock’s Chenal Valley development sold for $506,361.
Brent and Kristi Robinson acquired the house from WI Properties LLC, led by Todd Witham.
The location was bought for $89,000 in December 2014 from Deltic Timber Corp. of El Dorado.