Beacon Hill Complex Draws $9.2M Purchase (Real Deals)

by George Waldon  on Monday, Apr. 16, 2018 12:00 am   3 min read

A 168-unit complex in west Little Rock tipped the scales at $9.2 million.

Beacon Hill Little Rock LLC, an affiliate of RREAF Holdings of Dallas, acquired its namesake project at 1801 Reservoir Road. The seller is Beacon Hill Inc., led by James Barre Jr.

The deal is backed with a five-year loan of $8 million from Hunt Finance LLC of New York.

The 8.3-acre development was pur-chased for an undisclosed sum in December 1990 from the Federal Deposit Insurance Corp., as receiver for FirstSouth of Pine Bluff.

Store Master Buy
A Splash Car Wash in west Little Rock weighed in at $4.36 million.

Store Master Funding VII LLC, an affiliate of the Store Capital real estate investment trust in Scottsdale, Arizona, bought the 14103 Cantrell Road project. The seller is Splash Express 10 LLC, led by Mark Middleton.

The deal is financed with a $4.4 million loan from Citibank of New York.

Land for the 1.61-acre development was assembled in two deals totaling $909,000. The sellers were JLB Operating Co. LLC, led by Rick Ferguson, $850,000 in November 2009; and Windsor Partners LLC, led by Wayne Britt, $59,000 in June 2012.

Executive Transaction
A 31,800-SF office building near the state Capitol changed hands in a $1.4 million deal.

2020LR LLC, an affiliate of San Francisco’s Griffin Branch Properties Inc., purchased the Executive Building at 2020 W. Third St. The seller is Tri-B Realty Inc., led by John Billingsley.

The deal is funded with a 20-year loan of $1.2 million from BancorpSouth Bank of Tupelo, Mississippi.

The 0.82-acre development was bought for $1.5 million in April 2005 from Executive Partners LLC, led by Graham Smith, Merlin Hagan, Mark Ross and Ben Rush.

Ferndale Purchases
Three properties in the Ferndale community of west Pulaski County combined for an $875,000 transaction.

Tisdale Properties & Development LLC, led by Tracy and Terre Tisdale, acquired the 4-Way Cafe at 27024 Kanis Road and an adjoining 0.6-acre residential property for $575,000 and the 9,274-SF Ferndale Flea ‘N Tiques at 27020 Kanis Road for $300,000.

The seller is Bryon House III, who carried $575,000 of the first sale. The other deal is backed with a five-year loan of $240,000 from Little Rock’s Bank of the Ozarks.

House assembled the properties in three buys with the Arkansas District Council of the Assemblies of God at Little Rock, $300,000 in March 2016 for the 0.61-acre property at 27020 Kanis; Steve and Alice Kiefer, $260,000 in August 2006 for the 0.82-acre property at 27024 Kanis; and Don and Alice Holeman, $100,000 in August 2006 for the residential property.

Parking Acquisition
A parking lot in downtown Little Rock rang up a $510,000 sale.

Brockinton Family LLC, led by Mark Brockinton, bought the 0.39-acre property at the southeast corner of Third and Spring streets. The seller is Dyke Industries Inc., led by Merritt Dyke.

Dyke Industries acquired the property for $349,000 in December 1992 from LLG Lands Inc. of Dallas.

Commercial Land
A commercial site in south Little Rock drew a $75,000 transaction.

Abdullah Al-Maliki purchased the 0.61-acre parcel near the northwest corner of University Avenue and 65th Street from WGR Holding LLC, led by William Reich.

The land was bought for $56,000 in September 1999 from Jimmy McClanahan and Maxine McClanahan.

Country Club Manor
A 5,685-SF home in Little Rock’s Country Club Heights neighborhood tipped the scales at $3.5 million.

2318 Palm LLC, led by Miles Stephens, acquired the house near the entry to the Country Club of Little Rock. The seller is Marfran LLC, led by Peter de Vos.

The residence previously was tied to an August 2009 mortgage of $2 million held by Bank of America in Charlotte, North Carolina.

Marfran purchased the property for $2.77 million in June 1999 from Thomas Raney.

Heights Home I
A 5,391-SF home in the Heights area of Little Rock weighed in at $1.19 million.

FHG Trust, led by Chris and Liza Wright, bought the house from Michael and Kathryn Sutherland. The residence previously was linked with an April 2017 mortgage of $990,000 held by Regions Bank of Birmingham, Alabama.

The Sutherlands acquired the property for $890,000 in April 2012 from Stephen and Linda LaFrance.

Chenal Circle Abode
A 5,217-SF home in west Little Rock’s Chenal Circle neighborhood is under new ownership after a $965,000 deal.

William and Stacy Fitts purchased the house from Sara Larimore.

The property was bought for $1.4 million in August 2007 from Dr. David Bard and his wife, Faye.

Deauville House
A 4,739-SF home in the Deauville Place neighborhood of west Little Rock’s Chenal Valley development sold for $875,000. Douglas and Cynthia McNeely acquired the house from Byron and Shelley Rogers.

The deal is backed with a 30-year loan of $453,000 from Bank of Little Rock Mortgage Corp.

The property was purchased for $778,000 six years ago from Randy James Construction Co.

Heights Home II
A 2,973-SF home in the Heights area of Little Rock changed hands in an $830,000 deal.

Charles and Mary Thompson bought the house from Marion J. Cockrill Revocable Trust.

The property was acquired for $11,000 in January 1959 from Longfellow Inc., led by Durbin Bond.

Lakewood Residence
A 6,111-SF home in North Little Rock’s Lakewood neighborhood rang up a $558,000 sale. Clayton Partridge and Kristen Taylor purchased the house from Brooks Greenwood.

The deal is financed with a 15-year loan of $200,000 from Bank of Little Rock Mortgage.

The property was bought for $400,000 in October 2011 from Terrie and James Baker.

 

 

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