A 124,774-SF outpatient surgical center in North Little Rock changed hands in a transaction valued at $56.6 million.
Broadstone Ash Arkansas LLC, an affiliate of Broadstone Real Estate of Rochester, New York, bought the Arkansas Surgical Hospital at 5201 Northshore Drive.
The seller is A.S.H. Land Development & Development LLC, led by a group of 13 doctors. The group includes Scott Bowen, Zachary Mason, Kenneth Martin, James Adametz, David Rhodes, Reza Shahim, Thomas Hart, William Hefley Jr., James Billie, Jason Stewart, Jerry Lorio, Rhys Branman and Lawrence Ault III.
The 21.04-acre development previously was tied to a January 2008 mortgage of $12.9 million and an October 2014 mortgage of $1.5 million held by Little Rock’s Bank of the Ozarks.
The location was purchased for $1.46 million in January 2002 from Pfeifer Family Ltd. No. 1, led by Gene Pfeifer.
Downtown Deal
Ownership of a 28,000-SF office building in downtown Little Rock shifted in a deal valued at $5.14 million.
301 Main LLC sold its namesake project to Terraforma LLC. Both limited liability companies are led by David Bruning and Douglas Meyer.
Terraforma assumed an April 2015 mortgage of $3.94 million held by BancorpSouth Bank of Tupelo, Mississippi.
The 0.16-acre site, former home of Mr. Cool’s Clothing, was bought in a deal valued at $385,000 11 months ago from Crystal LLC, led by Doug and Sheree Kaufman Meyer.
SWLR Transaction
An 11,700-SF commercial project in southwest Little Rock tipped the scales at $1.35 million.
Green Bunn Herrington LLC of Texarkana, Texas, purchased IPawn Arkansas and Davita Dialysis at 6115 Baseline Road from the Steven J. Landers Jr. Trust.
The deal is financed with a $924,091 loan from Bear State Bank of Little Rock.
The 1.14-acre development, a former USA Drug store, was acquired for $825,000 in January 2014 from Stamja Ltd.-AR Properties LLC, led by Jason LaFrance.
Commercial Land I
A 2.49-acre commercial parcel in north Pulaski County is under new ownership after a transaction valued at $600,000.
BHL Financing LLC, led by Johnelle Hunt, took possession of the land at the southwest corner of Highways 89 and 5.
The deal was part of a global settlement that also involved the estate of Layton “Scooter” Stuart, the U.S. Treasury and One Bank & Trust of Little Rock.
The property was owned by Stuart’s Rivercity Energy Co.
The would-be convenience store site was purchased in April 1996 as part of a $167,000 deal with Robert and Lea Nevin.
Commercial Land II
A 5.9-acre commercial property in Cabot drew a $550,000 sale.
Rhinohawk LLC, led by Randy, Donita and Courtney Rinearson, acquired the 7216 T.P. White Drive project from the Lloyd A. & Marsha G. Friedman Living Trust.
The deal is funded with a one-year loan of $467,500 from First Community Bank of Batesville.
The property previously was linked with a December 2012 mortgage of $218,000 held by Centennial Bank of Conway.
The Friedmans entered the ownership picture more than three years ago at a $217,500 foreclosure sale.
Edgehill Manor
A 5,677-SF home in Little Rock’s Edgehill neighborhood weighed in at $1.29 million.
The 21 Edgehill Trust, led by Adam Dicus, bought the house. The seller is the Bartlett Family Trust, led by David Bartlett Sr. and his wife, Nancy.
The deal is backed with a 30-year loan of $1 million from Wells Fargo Bank of Sioux Falls, South Dakota.
The residence previously was tied to a May 2012 mortgage of $417,000 held by Simmons First National Bank of Hot Springs.
The Bartletts acquired the property for $1.1 million in August 2011 from Christopher and Heather Darby.
Prospect Residence
A 3,464-SF home in Little Rock’s Prospect Terrace neighborhood rang up a $775,000 sale.
The Jeffrey D. Utecht & Tracey A. Schmucker M.D. Living Trust purchased the house from James and Brandy Wood.
The deal is financed with a five-year loan of $280,500 from One Bank & Trust.
The residence previously was linked with an October 2014 mortgage of $500,000, a December 2014 mortgage of $64,301 and a May 2015 mortgage of $92,615 held by BancorpSouth Bank.
The Woods bought the property for $295,000 in November 2013 from Donald and Lessa Renshaw.
Cliffewood Home
A 2,898-SF home in Little Rock’s Cliffewood neighborhood sold for $585,000.
John and Savanna Baxter acquired the house from William and Jane Peek.
The deal is funded with a 30-year loan of $417,000 from Bank of Little Rock Mortgage Corp. and a 15-year loan of $51,000 from BankcorpSouth Bank.
The residence previously was tied to a December 2011 mortgage of $375,440 held by First Security Bank of Searcy.
The Peeks purchased the property for $470,000 more than four years ago from Neil and Leah Elenzweig.
Oaks House
A 3,786-SF home in The Oaks neighborhood of west Little Rock’s Chenal Valley development changed hands in a $565,000 deal.
Lloyd and Carolyn Hughes bought the house from the Jerry M. Spears & Donna Sue Spears Trust.
The deal is backed with a 15-year loan of $417,000 from Simmons First National Bank of Pine Bluff.
The property was acquired for $560,000 in July 2013 from Edward Hanson and Shirley Rockenbaugh.
Country Club Abode
A 1,450-SF home near the Country Club of Little Rock is under new ownership after a $519,000 transaction.
Rhys Branman purchased the house from Melissa Bond and Matt Keil. The deal is financed with a 30-year loan of $415,200 from Simmons First National Bank.
The residence previously was linked with a February 2013 mortgage of $338,000 held by Delta Trust Mortgage Inc. of Little Rock.
The property was bought for $250,000 in July 2012 from the Virgie Garvin estate.
Heights Rebuild
A 2,581-SF home in the Heights area of Little Rock sold for $500,000.
Kenneth and Elizabeth Clark acquired the house from the William Ray Kemp estate.
The deal is funded with a six-month loan of $400,000 and a one-year construction loan of $704,000 from Peoples Bank of Sheridan.
The residence previously was tied to a May 2006 mortgage of $306,000 held by Homecomings Financial Network Inc. of Dallas and a February 2007 mortgage of $50,000 held by E-Loan Inc. of Pleasanton, California.
The property was purchased for $185,000 in February 1988 from David and Sheree Martin.
Bullwinkle Funding
Development of a 57-lot residential project in west Little Rock is in motion with a $2.47 million construction loan.
Bullwinkle LLC, led by Kris Upton, obtained the financing from First Security Bank.
The 14.9-acre tract is north of The Courts neighborhood along the LaMarche Drive extension. The property was bought in January 2014 as part of a $700,000 deal with NCC Financial Arkansas LLC of Houston, Texas.
Seven-Digit Construction
Renovation $1,500,000
Dee Brown Library
6325 Baseline Road, Little Rock
Flynco Inc., Little Rock
Rebuild $1,200,000
McDonald’s
4008 E. McCain Blvd., North Little Rock
L.R. Mourning Co., Little Rock
Remodeling $1,150,000
Sam’s Club
900 S. Bowman Road, Little Rock
GRB Service Systems Inc., Fort Worth, Texas