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1 week ago | 
arkansasbusiness.com | George Waldon
A 562,600-SF plastic home organization products plant in the Little Rock Port Industrial Park hosted a $35.48 million sale-leaseback transaction. FNLR Pinafore LLC, an affiliate of New York’s Fortress Investment Group, acquired the 25.53-acre development at 6901 Lindsey Road from HMS Mfg. Co. LLC of Troy, Michigan.
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2 weeks ago | 
arkansasbusiness.com | George Waldon
An eight-story telecommunications building in downtown Little Rock tipped the scales at $19.32 million. Reign Co2 Propco LLC, an affiliate of New York’s Reign Capital, bought the 263,634-SF AT&T Technology Center at 120 W. Eighth St. as part of a sale-leaseback deal. The sellers are AT&T Enterprises LLC and Southwestern Bell Telephone Co. LLC.
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3 weeks ago | 
arkansasbusiness.com | George Waldon
Little Rock’s Bank OZK continued to distinguish itself among Arkansas banks when it comes to financial efficiency. The $38.2 billion-asset lender had an efficiency ratio of 33.25% during 2024. In other words, the largest bank based in Arkansas spent 33.25 cents for every dollar of revenue generated last year. George Gleason, chairman and CEO of Bank OZK, doesn’t see any change in that business-as-usual performance.
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3 weeks ago | 
arkansasbusiness.com | George Waldon
The Heifer Project International campus in downtown Little Rock weighed in at $27 million. The nonprofit sold its 118,502-SF headquarters at 1 World Ave., a 20,225-SF office building at 1424 E. Second St. and an 8,880-SF warehouse at 1501 E. Fourth St. to the Bill, Hillary & Chelsea Clinton Foundation.
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1 month ago | 
arkansasbusiness.com | George Waldon
An 80-unit seniors living project in North Little Rock tipped the scales at $6.23 million. Ridge Road Village Propco LLC of Knoxville, Tennessee, purchased its namesake complex at 4748 Ridge Road. The seller is 4748 Ridge Road LLC, an affiliate of New York’s Dwight Capital in Sunny Isles Beach, Florida. Ridge Road Village assumed a December 2016 mortgage of $6.3 million held by Dwight Capital.
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1 month ago | 
arkansasbusiness.com | George Waldon
A 56-unit apartment complex in North Little Rock weighed in at $4.3 million. Hillview Village of North Little Rock LLC, led by Darrell Robinson, sold its namesake project at 2540 W. Pershing Blvd. The buyer is 2540 Pershing Blvd LLC, led by Albert Mendelsohn and Arek Boynerian. The deal is funded with a three-year loan of $3.2 million from First Service Bank of Greenbrier. The 5.42-acre development was purchased for $3 million in August 2018 from Hillview Village Ltd.
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1 month ago | 
arkansasbusiness.com | George Waldon
A 26,326-SF office building in downtown Little Rock tipped the scales at $3.5 million. Bushwacker Investments LLC, led by Susan and Brian Perry and Brian Swiggins, acquired the Beach Abstract Building and 15,000-SF parking deck at 100 Center St.The deal was backed with a 20-year mortgage of $3.3 million provided by the seller, George Pitts Jr. Family Ltd., led by Brett Pitts. The 0.48-acre development was bought for $750,000 in October 1985 from Standard Securities Co., led by J. Wythe Walker.
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1 month ago | 
arkansasbusiness.com | George Waldon
The parent company of Ash Flat’s FNBC Bank completed its second $7.25 million subordinated debt offering late last year. FNBC Bancorp Inc. accomplished the first offering back in 2019, which largely was used to provide additional capital for its bank. Of those funds, $6.1 million flowed into the coffers of FNBC Bank during the fourth quarter of 2019. What are the plans for the latest subordinated debt offering?
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1 month ago | 
arkansasbusiness.com | George Waldon
A 584-unit mini-storage project in the Riverdale area of Little Rock weighed in at $12.8 million. FultonBSH LRAR I LLC, an affiliate of City Line Capital of Bala Cynwyd, Pennsylvania, purchased Spaces Storage at 1700 Brookwood Drive. The seller is Spaces Riverdale LLC, led by Daniel Lusk. The deal is financed with an $8.8 million loan from Wells Fargo Bank of Sioux Falls, South Dakota.
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2 months ago | 
arkansasbusiness.com | George Waldon
A Splash Car Wash development in Sherwood tipped the scales at $4.78 million. R2J Commercial LLC of Dallas bought the 3610 E. Kiehl Ave. project from Splash Kiehl LLC, led by Drew Holbert. The deal is funded with a six-month loan of $3.3 million from Relyance Bank of White Hall. Splash Kiehl acquired the 0.94-acre site for $369,000 in December 2021 from Zeiler Real Estate LLC, led by Joseph Zeiler and Ruth Stovall. The 30,420-SF Best Drive project in North Little Rock weighed in at $2.89 million.
