Sunny Slope Holdings, a Missouri limited liability company, invested $1.7 million for a 30,400-square-foot Pella Windows & Doors store in North Little Rock last month.
The Pella warehouse showroom store is at 8740 Maumelle Blvd. and sits on 2.4 acres. The store was built in 1987.
Sunny Slope borrowed $1.3 million from Central Bank of the Ozarks in Springfield, Mo., to help finance the purchase. The mortgage matures in 2023.
Michael Farquhar, the sole member of Sunny Slope, signed the mortgage.
The store last sold for $849,000 in 1999. It appraised for $1.7 million this year.
Jason Smith incorporated Sunny Slope of Springfield, Mo., in July, according to the secretary of state's office.
The seller was Kevin Horton Properties LLC of North Little Rock. Kevin Horton is president of Kevin Horton Properties and signed the warranty deed.
SHERWOOD HOUSING
Investors Group 479 LLC of Jacksonville paid $565,000 to buy seven duplexes in Sherwood last month.
Investors Group invested a little more than $40,300 for each of the 14 units that were last appraised for about $687,000 total.
Edward Haddock incorporated Investors Group 479 LLC in 2014. Haddock also was the registered agent and a member of Investors Group 479.
The seller was K&E Grooms Properties LLC of Sherwood. Kenneth Grooms and Bettye Grooms signed the warranty deed as members of K&E Grooms Properties.
Investors Group 479 borrowed $490,000 from the seller to help finance the transaction. The mortgage matures in 2033.
LAND SALE
West 68th Street LLC of Conway paid $500,000 for almost 10 acres on Fiber Optic Drive in North Little Rock last month.
The seller was Ben Davis Properties Management LLC of North Little Rock. The property last sold for $219,000 in 2006.
Ben and Diane Davis are members of Ben Davis Properties and signed the warranty deed.
The property appraised at $344,000 last year.
Walter M. Ebel III incorporated West 68th Street in 2002 and also is the registered agent.
In September, West 68th Street paid $3.3 million for a 57,000-square-foot warehouse at 801 Fiber Optic Drive in North Little Rock.
The distribution warehouse sits on 11 acres. The warehouse, unoccupied at the time of the transaction, was built in 2002.
RESTAURANT PROPERTY
JTJ Restaurants LLC of Little Rock paid $400,000 last month for the former home of Cock of the Walk restaurant at 7103 Cock of the Walk Lane in North Little Rock.
Jim Keet, who owns several popular restaurants in central Arkansas, has no plans to reopen the restaurant. He said he plans to remodel the building into a specialty events center. A name for the center has not been decided yet.
Cock of the Walk had 8,600 square feet and seated 300, Keet said.
The remodeling will begin with some repairs before the offices of KO Construction, Keet's construction company, move into the building, he said. Then the kitchen area will be reconfigured to meet the company's long-term catering needs, Keet said.
Phase four will be turning the existing restaurant space into an events center, he said.
"Part of the project is getting the exterior of the building into good shape, restocking [the pond] with fish and redoing the waterfall area," Keet said.
The interior of the building is unique, because of the cypress that was used, he said. That will remain.
He expects to begin marketing the events center around the middle of next year, Keet said.
Keet, who has owned or operated restaurants in Little Rock since 1975, and his sons, Tommy and Jake, opened Taziki's Mediterranean Cafe in Little Rock in 2008. They now have 10 of the restaurants open.
The seller of the Cock of the Walk was Tri Star Corp. It was appraised at $1.4 million this year, according to Pulaski County records.
JTJ Restaurants took out a $452,000 loan from El Dorado-based First Financial Bank. The mortgage matures in 2021.
SundayMonday Business on 12/16/2018