A 35,520-SF office building in west Little Rock weighed in at $3.25 million.
Normandy Place LLC, led by Max Mehlburger, purchased the Markham Executive Center at 10201 W. Markham St. The seller is Security Plan Life Insurance Co. of Donaldsonville, Louisiana.
The deal is financed with a 21-year loan of $1.76 million from BancorpSouth Bank of Tupelo, Mississippi.
The 1.93-acre development was bought in October 2008 as part of the $8 million acquisition of Ozark National Life Insurance Co. by the parent company of Security Plan Life, Citizens Inc. of Austin, Texas.
Meadowcrest Purchase
A 122-unit apartment project in southwest Little Rock tipped the scales at $2.8 million.
Meadowcrest Apartments LLC, led by Don Marshall Jr., sold its namesake complex at 5315 Stanley Drive to Colonial Park RBG LLC of West Plains, Missouri.
The deal is funded with a five-year loan of $2.2 million from Arvest Bank of Fayetteville. The 7.57-acre development previously was tied to a June 2010 mortgage of $2.3 million held by One Bank & Trust of Little Rock.
The property was assembled in four transactions totaling more than $1 million.
The sellers were Zato Investments Ltd., led by Michael Rushin, $1 million in October 2003; Mahmood Qadri and Zohra Sharief, $48,000 in December 2003; Oldner Real Estate Management Inc., led by John Oldner, $15,000 in February 2004; and Habitat for Humanity of Saline County Arkansas Inc., led by Donna Bosley, $12,000 in March 2004.
Dollar Deal
A Dollar General Store in Little Rock is under new ownership after a $1.22 million transaction.
GRT Little Rock DG LLC of San Rafael, California, bought the 9,360-SF store at 4748 Springer Blvd. from Rosebud Springer LLC of Huntington Beach, California.
The 1.02-acre development previously was linked with a December 2014 mortgage of $720,000 held by Arvest Bank.
The project was purchased for $1.2 million in December 2014 from PB General Holdings (Springer) LLC, led by Leonard Boen.
Tandem Foreclosures
A pair of Little Rock retail projects changed hands in foreclosure sales totaling $985,000.
YN Investments LLC, led by Murad Mandani, acquired the 15,460-SF South Park Center at 7515 Geyer Springs Road for $640,000 and a 3,016-SF project at 10507 Stagecoach Road for $345,000.
The properties were owned by RWL Investments LLC, led by Ron Lazenby.
The 1.81-acre South Park development previously helped secure an April 2014 mortgage of $3.1 million held by First Community Bank of Eastern Arkansas in Marion and a July 2014 mortgage of $640,000 held by Centennial Bank of Conway.
The property was purchased for $424,000 in January 2001 from Whitestone Investment Group of Los Angeles.
The 0.69-acre Stagecoach development previously secured a March 2013 mortgage of $500,000 held by Centennial Bank.
The location was bought for $160,000 in March 2013 from RJ Properties LLC, led by Douglas and David Hendrix.
Retail Transaction
A 15,453-SF retail center in North Little Rock rang up a $950,000 sale.
Gosen LLC, led by Joseph Minkyu Park, purchased the Family Dollar Store, Subway and New World Beauty project at 4202-04 Camp Robinson Road.
The seller is James Family Properties LLLP, led by Judith Scherer.
The deal is backed with a 20-year loan of $760,000 from BancorpSouth Bank.
The 1.52-acre location was acquired for $230,000 in November 2003 from Fleming Cos. Inc. of Oklahoma City.
School Sale
A former elementary school in North Little Rock drew a $530,000 transaction.
I-40 Kerr LLC, led by Byron McKimmey, bought the Park Hill Elementary project at 3801 JFK Blvd. from the North Little Rock School District.
The 5.27-acre property was assembled in two transactions with Justin and Agnes Matthews for “the minimum legal consideration” of $1 in September 1924 and his Metropolitan Trust Co., $30,000 in May 1951.
Commercial Land
A 4.61-acre commercial site in North Little Rock sold for $425,000.
Richardson Properties LLC, led by Keith Richardson, acquired sole ownership of the land on the south side of 9300 Maumelle Blvd.
The seller is MGY LLC, led by Marc Yelenich.
The property was bought through RichMarc Development LLC in January 2002 for $215,000.
The sellers were Nancy and Robert Lott, Carlos Robinson Jr. and his wife, Thressi, McKinley and Sansanee Robinson, Ruben and Joyce Robinson, Arthur and Margaret Ellison Hubert, Treopia Bryant and Elsie Dodson.
Estates Home
A 4,330-SF home in the Somersett Estates neighborhood of west Pulaski County is under new ownership after a $730,000 deal.
Christie and Deno Grumbos purchased the property from Stuart and Mitzi Miller.
The deal is financed with a 30-year loan of $424,100 from Arvest Bank.
The 5-acre residential spread previously was tied to a June 2015 mortgage of $484,380 held by BancorpSouth Bank.
The location was acquired for $75,000 in February 2013 from Joey and Brandy Rhodes.
Mirabel Residence
A 3,700-SF home in the Mirabel Court neighborhood of west Little Rock’s Chenal Valley development changed hands in a $534,900 transaction.
Maroun and Kay Farah bought the house from Randy James Construction Co. The deal is funded with a 30-year loan of $418,410 from NFTN Inc. of Lewisville, Texas.
The residence previously was linked with a June 2016 mortgage of $368,000 held by First Security Bank of Searcy.
The location was purchased for $87,000 11 months ago from Crain Family Holdings LLC, led by Larry Crain Jr.
Chimney Rock House
A 5,280-SF home in Sherwood’s Chimney Rock neighborhood rang up a $525,000 sale.
Carl and Mary Peterson acquired the house from the Roby & Tonya Lambert Family Trust.
The deal is backed with a 30-year loan of $420,000 from IberiaBank of Lafayette, Louisiana.
The residence was bought for $735,000 in September 2005 from Jason and Ginger Ford.
Woodland’s Dwelling
A 3,485-SF home in the Woodland’s Edge neighborhood of west Little Rock drew a $508,000 transaction.
David and Amelia Bardwell purchased the house from River Rock Builders LLC, led by Keith Wingfield. The deal is financed with a 30-year loan of $457,149 from Wells Fargo Bank of Sioux Falls, South Dakota.
The residence previously was tied to an April 2016 mortgage of $392,000 held by BancorpSouth Bank.
River Rock acquired the location for $72,000 in January 2015 from Rocket Properties LLC, led by Ron Tyne and Lisenne Rockefeller.
Seven-Digit Construction
Kroger Remodel $3,432,386
2509 McCain Blvd., North Little Rock
CDI Contractors LLC, Little Rock
Collision Center Remodeling $1,945,000
10005 Col. Glenn Road, Little Rock
ITR Construction LLC, North Little Rock
New Home $1,050,000
13900 Beau Vue Drive, Little Rock
Parkinson Building Group Inc., Little Rock