Versailles Residences Attracts $39M Sale (Actual Offers) | Arkansas Enterprise Information


We had been unable to ship the article.

The 217-unit former Fountaine Bleau North house advanced in North Little Rock weighed in at $39 million.

A gaggle of 9 restricted legal responsibility corporations, managed by Martin Kirzner and Harry Klein of Brooklyn, New York, purchased The Versailles Residences at 4401 E. forty sixth St.

The vendor is PCFB Little Rock LLC, an affiliate of Peak Capital Companions of Provo, Utah.

The brand new possession group assumed the stability of a January 2020 mortgage of $26 million from Berkadia Industrial Mortgage LLC of Horsham, Pennsylvania.

PCFB bought the 12.02-acre growth for $34.1 million 26 months in the past from Burkhalter FBN LLC, led by John Burkhalter.

Beef-a-Roo Eatery

The primary Beef-a-Roo restaurant in Arkansas is within the works after a $1.5 million transaction in west Little Rock began issues rolling.

US Realty Acquisitions LLC of Dallas acquired the three,544-SF former Krispy Kreme at 1315 S. Shackleford Highway from Crain Household Holdings LLC, led by Larry Crain Jr.

US Realty then offered the property for a reported $2.7 million to Imaginative and prescient Acquisitions LLC of Essex Junction, Vermont.

The deal is financed with a five-year mortgage of $2 million from Simmons Financial institution of Pine Bluff.

Crain Household Holdings purchased the 0.67-acre growth for $1.1 million in December 2021 from SVCN 2 LLC, an affiliate of the RMR Group in Newton, Massachusetts.

Burger-Workplace Combo

A 9,364-SF residence of a David’s Burgers and workplace house in Maumelle tipped the scales at $1.42 million.

Varadero Properties LLC, led by the Leonardo & Cristina Monterrey Belief, bought the 102 Nation Membership Parkway undertaking from Atkinson Properties LLC, led by Russell and Ric Atkinson.

Atkinson Properties supplied a three-year mortgage of $1.1 million to fund the deal.

Varadero acquired the 1.27-acre growth for $1.4 million in January 2017 from Anchor Realty Investments LLC, led by Alan Bubbus.

Timberland Buy

A 349-acre tract in south Pulaski County modified fingers in a $902,271 deal.

DTOF AR LLC, an affiliate of Area Timber Advisors in Atlanta, purchased the property alongside a 1.5-mile stretch on the west facet of Interstate 530 close to the Saline County line.

The vendor is Areas Southeast Timber Fund II LLC of Birmingham, Alabama.

Areas Southeast bought the land for $530,196 in January 2014 from Ten Mile Properties LLC, led by Philip Tappan.

Lodge Location

A 2.61-acre business web site in North Little Rock rang up a $850,000 sale.

LG APT AR North Little Rock LLC, an affiliate of stayAPT Suites in Matthews, North Carolina, acquired the long run resort location on the east facet of Richards Highway lower than a half-mile south of McCain Boulevard. The vendor is Woodcrest Co. LLLP, led by James Patrick Matthews.

The land was purchased in August 1959 as a part of a $250,000 take care of Fred and Katherine Watkins.

Whataburger Web site

A 2.87-acre business parcel in North Little Rock drew an $800,000 transaction.

CypressLandingQSR3 LLC, led by Rickey Wilson, bought the long run Whataburger location at 13401 Crystal Hill Highway from Lilac LLC, led by Andy Collins.

The deal is backed with a one-year mortgage of $3.1 million from Residents Financial institution of Batesville.

The property had been owned by the Justin Matthews household for greater than 100 years. Lilac represents an enormous department of the household tree.

Workplace-Warehouse Purchase

A 17,060-SF office-warehouse within the Woodyardville neighborhood is beneath new possession after a $730,000 deal.

Freeway Graphics LLC of West Monroe, Louisiana, purchased the 625 W. Dixon Highway undertaking from Cajaco LLC, led by Judith Cozart and Chris Cozart. 

The deal is financed with a five-year mortgage of $584,000 from Origin Financial institution of Choudrant, Louisiana.

The 1.84-acre property was bought for $22,000 in April 1985 from Helen Russenberger Tatem.

Workplace Transaction

A 21,813-SF workplace advanced in south Little Rock offered for $300,000.

Little Rock Compassion Heart Inc. acquired the previous residence of the Arkansas Geological Survey at 3815 W. Roosevelt Highway.

The vendor is the Arkansas Division of Vitality & Surroundings, led by Shane Khoury.

The state of Arkansas had owned the three.57-acre property for greater than 120 years.

The land was a part of the 15-acre web site of a penitentiary often called “The Partitions,” which closed in 1933.

Golf Acquisition

A 100-acre golf property in south Pulaski County modified fingers in a $250,000 deal.

Burrnation LLC, led by Alandise Harris, bought the Golf of Citadel Valley undertaking at 8500 Citadel Valley Highway. 

The vendor is One By One Inc., led by Robbie Wilson.

The deal is funded with a three-year mortgage of $212,500 from First Arkansas Financial institution & Belief of Jacksonville.

The previous Lakeview Golf & Nation Membership property was acquired in September 2020 as a part of a $297,000 take care of Clifton Household LLLP, led by Norman Clifton.

Comments are closed.