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Two MedExpress Properties Sell for Combined $4.4 Million

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A pair of MedExpress projects, a medical office building in Sherwood, a Little Rock home and a restaurant site in west Little Rock form this week’s five-piece of million-dollar transactions.

• National Retail Properties Ltd. of Orlando, Florida, bought MedExpress projects at 5326 Markham St. in midtown Little Rock for $2.6 million and 5505 John F. Kennedy Blvd. in North Little Rock for $1.8 million.

Seller: Affiliates of American Equity Development Co. of Gaithersburg, Maryland.

• 1525 Country Club LLC, led by Jeff Johnson of Little Rock’s Clear Pointe Properties, acquired its namesake property, the 7,595-SF home of Arkansas Specialty Orthopaedics.

Who were the sellers in the nearly $1.6 million deal?

Two limited liability companies led by Mark Bentley: ASCC North LLC, 55 percent; and Once LLC, 20 percent. Rounding out the sellers is Burlingame Investments Ltd., led by Lowry Barnes, 25 percent.

• Meanwhile in the Country Club Heights neighborhood, Celia-Anne Martindale purchased a 5,986-SF home from George and Deborah Makris for $1.4 million.

• An affiliate of Wal-Mart Stores Inc. of Bentonville sold a 0.67-acre piece of a parking lot for $1.3 million.

The 0.67-acre parcel near the southwest corner of Chenal Parkway and Bowman Road was bought by out-of-state developers with an eye toward an eatery, whose name is veiled for now.


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