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McCain Plaza transaction surpasses $23 million mark.

A 296,000-SF retail project in North Little Rock tipped the scales at $23.15 million.

TPP 303 NLR Plaza LLC, an affiliate of TriGate Capital LLC of Dallas, bought McCain Plaza at 4200 E. McCain Blvd. from DDR Downreit LLC.

The seller is an affiliate of DDR Corp., a publicly traded real estate investment trust based in Beachwood, Ohio.

The deal is financed with a five-year loan of $20.9 million from Bank of America in Charlotte, North Carolina.

DDR Downreit purchased the 27.77-acre development for $18 million in March 1994 from Folmar & Associates of Montgomery, Alabama.

Dollar Deal

A Dollar General store on the northern edge of Maumelle weighed in at $1.06 million.

Matsai Ltd. of Chula Vista, California, acquired the 9,217-SF project at 21300 Hwy. 365 from Yellow Store Holdings LLC, led by Kevin Huchingson.

The deal is funded with a 10-year loan of $636,000 from TruStone Financial Federal Credit Union of Plymouth, Minnesota.

The 1-acre development previously helped secure a January 2012 mortgage of $3.1 million held by Metropolitan National Bank of Little Rock.

Yellow Store bought the property for $967,000 more than four years ago from PB General Holdings (Morgan) LLC, led by Leonard Boen.

Mobile Duo

Two small mobile home parks in southwest Little Rock changed hands in a $725,000 sale.

Myatt Realty LLC, led by Doyle Johnson, purchased the Community Lane Mobile Home Park at 3824 Community Lane and the Spencer Mobile Home Park at 3412 Coffer Lane.

The seller is CJC2015 LLC, led by Sheila Carroll. The deal is backed with two loans totaling $543,750 from Centennial Bank of Conway.

The 2-acre Coffer Lane property was bought for $100,000 in June 2015 from Richard and Lisa Coppola. The 2.13-acre Community Lane property was acquired for $175,000 in October 2015 from Ma-rabelle Properties LLC, led by J.J. and Jill Childers.

Captain Transaction

A 2,473-SF eatery in North Little Rock is under new ownership after a $569,445 deal.

SCFRC-HW-G LLC, an affiliate of Chambers Street Properties of Princeton, New Jersey, bought the Captain D's at 5320 JFK Blvd. The seller is CNL APF Partners Ltd., an affiliate of GE Capital of Norwalk, Connecticut.

The 0.83-acre development was purchased for $775,000 in February 2005 from USRP (S&C) LLC, an affiliate of CNL Financial Group Inc. of Orlando, Florida.

Honey of a Deal

A 20,910-SF office-warehouse project in North Little Rock rang up a $420,000 sale.

FHC Properties LLC, led by Jimmy Hutton and Raye Stroope, acquired the facility at 2001 N. Poplar St. and a neighboring 0.32 acres. The seller is Fischer Honey Co., led by Joel Callaway.

The purchase is supported by a 25-year loan of $1.46 million from Regions Bank of Birmingham, Alabama.

The property was assembled largely through deals with Marie Renshaw, $9,000 in May 1998; S.R. and Jewell Garrett, $1,600 in August 1937; and O.E. and MaryChilson, an undisclosed sum in August 1924.

Furniture Buy

A 10,000-SF retail center in Little Rock drew a $350,000 transaction.

Norris Furniture LLC, led by Brad Norris, purchased the 3900 John Barrow Road project from One Bank & Trust of Little Rock. The deal is financed with a five-year loan of $294,100 from the bank.

One Bank recovered the 1.27-acre development in May 2013 from The Warehouse Partnership, led by Alberta Wilson.

The property was tied to an August 2005 mortgage of $464,400 held by the bank.

Bretagne Manor

A 6,697-SF home in the Bretagne Circle neighborhood of west Little Rock's Chenal Valley development tipped the scales at $1 million.

The Suzanne Lindsay Bradshaw Revocable Trust bought the house from the Formicola Family Revocable Living Trust, led by Thomas and Cynthia Formicola.

The residence previously was linked with an April 2014 mortgage of $696,000 from Charles Schwab Bank of Reno, Nevada.

The Formicolas purchased the property for $928,000 in November 2014 from the namesake revocable trusts of Audrey and Gerry Riser.

Ridgehaven Residence

A 3,844-SF home in west Little Rock's Ridgehaven neighborhood sold for $995,000.

Daniel and Autumn Hardin acquired the 4.66-acre wooded spread from Jane McMullin. The deal is funded with a 25-year loan of $750,000 from Regions Bank.

The McMullin family bought the property for $375,000 in August 1992 from James and Billie Tanner.

Kingwood House

A 4,374-SF home in Little Rock's Kingwood Place neighborhood changed hands in a $695,000 deal.

Christopher and Lea May purchased the house from Richard Peek Sr. and his wife, Bonnie.

The deal is backed with 30-year loans of $417,000 and $139,000 from Bank of Little Rock Mortgage Corp.

The residence previously was tied to a March 2013 mortgage of $100,000 held by Bank of America.

The Peeks acquired the property for $465,000 in December 1992 from Glenda Ensminger and the Charles A. Ensminger Revocable Trust.

Oaks Home

A 4,260-SF home in The Oaks neighborhood of west Little Rock's Chenal Valley development is under new ownership after a $565,000 transaction.

The Linda C. Holbert Revocable Trust bought the house from The Emil Trust, led by Senthil and Rhodora Raghavan.

The residence previously was linked with an October 2012 mortgage of $407,440 held by North Little Rock's National Bank of Arkansas. The property was purchased for $510,000 nearly four years ago from Kathy and Louis McAlister.

Rural Residence

A 3,528-SF home in west Pulaski County's River Estates neighborhood rang up a $545,000 sale.

Jaclyn and John Bracey Jr. acquired the house from William and Margaret Cunningham.

The deal is financed with a 30-year loan of $545,000 from SunTrust Mortgage Inc. of Richmond, Virginia.

The residence previously was tied to a March 2009 mortgage of $417,000 held by Bank of Little Rock Mortgage.

The Cunninghams bought the location for $83,000 from West End Partners LLC, led by David Matchet and Leon Smith.

Lamarche Abode

A 4,910-SF home the Lamarche Place neighborhood of west Little Rock's Chenal Valley development drew a $518,000 transaction.

Christopher and Kimberly Carroll purchased the house from Thomas Manning III and his wife, Nirvana.

The deal is funded with a 30-year loan of $414,000 from Bank of Little Rock Mortgage. The residence previously was linked with August 2010 mortgages of $417,000 and $63,000 held by First Financial Bank of El Dorado.

The Mannings acquired the property for $575,000 in February 2007 from James and Maria Vanwyk.

George@ABPG.com
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Title Annotation:Real Deals
Author:Waldon, George
Publication:Arkansas Business
Geographic Code:1U7AR
Date:Sep 12, 2016
Words:1100
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