Two recent Little Rock real estate transactions topped the $5 million mark.
• The Watkins Co., led by Richard Watkins, sold its namesake 162,970-SF printing facility at 11501 Otter Creek South Road for nearly $5.5 million.
Buyer: Indian Bayou Farms LLC, led by Stephanie Rae Smith.
• Ridgecrest LRAR LLC of Encino, California, acquired its namesake 222-unit apartment project at 1900-2000 Reservoir Road for more than $5.1 million.
The former Warren House Apartments and Warren Terrace Apartments were sold by Tri-5 LLC, an affiliate of Trinity Multifamily in Fort Smith.
More Big Deals
A townhome project in Maumelle, undeveloped land for a future upscale apartment project in North Little Rock and two Little Rock manors form a quartet of multimillion-dollar real estate transactions.
• AHBI Windsor Park LLC, led by James Kincannon, bought its namesake 72-unit townhome project at 2 Windsor Drive for $4.4 million.
Seller: Windsor Park Maumelle LLC, led by Hal Crafton.
• Arkopolis Properties LLC, led by Blake Jackson, purchased 39.5 acres along River Road east of Paul Duke Drive in North Little Rock for more than $1.7 million.
Jackson, managing partner of Maumelle’s Monde Group, reports that planning is in the early stages and the multifamily development could include some restaurant and other commercial components.
He indicated the apartments would be a resort community on par with The Villa at River Point Drive, a 216-unit project the Monde Group developed in Maumelle.
Seller? Pine Bluff Sand & Gravel Co., led by Brian McGeorge.
• Brad and Jodi Thomas acquired a 5,873-SF house in the Heights neighborhood for nearly $1.5 million from James and Brooks Klepper.
• Alfred and Brenda Herget bought a 7,086-SF home in west Little Rock’s Sologne Circle neighborhood for $1.2 million from Craig and Gretchen Farrell.