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WLR Office Building Draws $4.5M Sale (Real Deals)

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A 33,720-SF office building in west Little Rock tipped the scales at $4.5 million.

Elman Little Rock Associates LLC of New York bought the 333 Executive Court Building from KRL Properties LLC, led by Mark Leverett.

The deal is financed with a 10-year loan of $3.4 million from Simmons First National Bank of Pine Bluff.

The 2.3-acre development previously was tied to an August 2013 mortgage of $2.3 million, a February 2014 mortgage of $66,000 and a December 2014 mortgage of $182,000 held by the bank.

KRL purchased the project for $1.8 million in December 2011 from Herbert and Barbara James.

Immanuel Acquisition

A west Little Rock congregation expanded its holdings in a $3.65 million deal for a neighboring 45,528-SF grocery store.

Immanuel Baptist Church acquired the vacant Kroger at 315 N. Shackleford Road from Kroger Limited Partnership 1 of Cincinnati.

Kroger bought the 4.78-acre development for $4.05 million in December 2011 from Powell Brothers Inc., led by Matt Chandler.

Charity Deal

Two Little Rock nonprofits were on either side of a $1.11 million transaction.

Arkansas Children’s Hospital purchased the soon-to-be former home of Ronald McDonald House at 1009 Wolfe St.

The seller is Ronald McDonald House Charities of Arkansas Inc., which is developing a new and larger facility.

The half-acre property was acquired for $120,400 in January 1980.

The sellers were Leslie and Linda Longstreth.

Branch Buy

A 2,656-SF bank branch in west Little Rock rang up a $985,000 sale.

Relyance Bank of Pine Bluff bought the project at 14220 Cantrell Road from Simmons First National Bank.

Simmons purchased the 0.97-acre location for $440,000 in June 1998. The sellers were Joe and Margaret Whisenhunt.

Sparkle Purchase

A laundry/car wash combo in North Little Rock changed hands in a $575,000 deal.

Loose Properties LLC, led by Mark and Debbie Loose, acquired the Sparkle Clean project at 4724 E. Broadway. The seller is Somers Enterprises Inc., led by Sheila Somers.

The deal is backed with a three-year loan of $618,256 from Little Rock’s Bank of the Ozarks.

The 0.62-acre development previously was linked with a September 2006 mortgage of $205,000 held by Six Bridges Capital Corp. of Little Rock and a March 2011 mortgage of $299,000 held by Centennial Bank of Conway.

Somers Enterprises bought the property in August 2006 as part of a $650,000 deal with Buckler Management Inc., led by Allen Buckler.

Buckeye Property

A 1.48-acre commercial project in North Little Rock drew a $230,000 transaction.

Buckeye Properties LLC, led by Joe Murdaugh, purchased the former Masco facility at 121 S. Buckeye St.

The seller is Koon Properties LLC, led by Walter Koon.

The deal is funded with a five-year loan of $230,000 from Arvest Bank of Fayetteville.

Koon Properties acquired the property for $176,000 in June 2002 from the bankruptcy estate of Masco Inc.

Tandem Transactions

A 7,760-SF home in west Pulaski County tipped the scales at $1.15 million.

Candy and Raymond Nosler bought the 12.1-acre spread from Diane Irby.

The deal is financed with a 25-year loan of $920,000 from Regions Bank of Birmingham, Alabama.

The land was purchased in December 1995 as part of a $310,000 deal with Ikansa Realty Inc., led by John Haley.

On the flip side of the deal, Irby acquired the Noslers’ 4,472-SF home in the Lamarche Place neighborhood of west Little Rock’s Chenal Valley development for $565,000.

The residence previously was tied to a March 2011 mortgage of $392,000 held by Leader One Financial Corp. of Overland Park, Kansas.

The Noslers bought the property for $490,000 in June 2003 from Mark and Karla Gibbs.

Grandview House

A 5,600-SF home in Little Rock’s Grandview neighborhood sold for $857,000.

Kim Whetstone acquired the house from JDM Grandview LLC, led by the late Jane Dills Morgan.

The deal is backed with a one-year loan of $575,000 from Bank of the Ozarks.

The residence previously was linked with a May 2008 mortgage of $600,000 held by Citizens Bank & Trust of Van Buren.

Morgan purchased the property for $750,000 more than seven years ago from Worth Gibson Sr. and his wife, Stacy.

Bretagne Abode

A 6,481-SF home in the Bretagne Circle neighborhood of west Little Rock’s Chenal Valley development is under new ownership after an $850,000 deal.

Kevin and Kristen Halpin bought the house from Jeffrey and Christine Gardner.

The deal is funded with a 15-year loan of $417,000 from One Bank & Trust of Little Rock.

The residence previously was tied to a June 2014 mortgage of $300,000 held by Bank of America in Charlotte, North Carolina.

The Gardners acquired the property for $634,000 in July 1998 from Randy and Patricia Ferguson.

Woodland’s Home I

A 3,893-SF home in the Woodland’s Edge neighborhood of west Little Rock rang up a $575,000 sale.

Michael Allwine purchased the house from Lamay-O Inc., led by William Martin Jr.

The residence previously was linked with a June 2014 mortgage of $368,000 held by Gibbsland Bank & Trust of Bossier City, Louisiana.

The home site was bought for $50,000 in March 2012 from Rocket Properties LLC, led by Ron Tyne and Lisenne Rockefeller.

PV Residence

A 3,432-SF home in west Little Rock’s Pleasant Valley neighborhood changed hands in a $549,900 deal.

Jack and Montine McNulty acquired the house from Richard and Laurel Lawrence.

The deal is financed with a 30-year loan of $524,425 from Regions Bank.

The residence previously was tied to a February 2011 mortgage of $202,603 held by Regions and an August 2013 mortgage of $206,000 held by Bank of America.

The Lawrence family purchased the property for $320,000 in April 2003 from the Judith Ann Friend Revocable Trust.

Woodland’s Home II

A 3,476-SF home in the Woodland’s Edge neighborhood of west Little Rock drew a $524,000 transaction.

Andrew and Lindy Smith bought the house from J. Martin Homes Inc., led by Jeffrey Martin.

The residence previously was linked with an October 2014 mortgage of $409,600 held by First Security Bank of Searcy.

The home site was acquired for $73,000 13 months ago from Rocket Properties.

Seven-Digit Construction

Renovation & Addition    $8,078,574
Ridge Road Elementary
4601 Ridge Road, North Little Rock
Nabholz Construction Corp., Conway

Legion Village    $2,975,000
516 Rock St., Little Rock
Central Construction Group, Little Rock

Office Remodeling    $1,075,000
1512 W. Third St., Little Rock
Consolidated Construction Inc., Little Rock


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