George Waldon

Senior Editor at Arkansas Business

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Articles

McCain Plaza Sale Tops $25M (Real Deals)

1 week ago | arkansasbusiness.com | George Waldon

A 314,236-SF retail center in North Little Rock tipped the scales at $25.84 million. RCG-Little Rock PM LLC, an affiliate of Atlanta’s RCG Ventures, acquired McCain Plaza at 4200 E. McCain Blvd. from ARG MPLTRAR001 LLC, an affiliate of Global Net Lease in Newport, Rhode Island. The 28.35-acre development is helping secure a three-year funding agreement of $735 million from Truist Bank of Charlotte, North Carolina.
Blytheville Bank Poised to Grow

1 week ago | arkansasbusiness.com | George Waldon

Blytheville’s Farmers Bank & Trust is in the process of becoming the 19th-largest bank in Arkansas, with total assets north of $1.2 billion.
East Little Rock Convenience Store Sale Closes at $3.5M (Real Deals)

2 weeks ago | arkansasbusiness.com | George Waldon

A 2,322-SF convenience store in east Little Rock near the Bill and Hillary Clinton National Airport weighed in at $3.5 million. SIKH4 LLC, led by Rajbir, Gurpreet and Ravinderpal Singh, purchased the Shell convenience store at 3300 Bankhead Drive. The seller is Oak Street Valero LLC, led by Donnie Miller. The deal is funded with a 20-year loan of $1.5 million from Stone Bank of Mountain View.
Whataburger Sale Exceeds $3.6M (Real Deals)

3 weeks ago | arkansasbusiness.com | George Waldon

A 2,580-SF fast-food eatery in Jacksonville tipped the scales at $3.61 million. Bitter Creek Land Co. LLC of Watford City, North Dakota, bought the Whataburger at 1815 N. First St. from WBJAXAR LLC, led by Rick Wilson. WBJAXAR acquired the former Hardee’s for $2 million in August 2024 from We’ll Call It 85 LLC of Miami. We’ll Call it 85 purchased the 0.74-acre development for $1.2 million in April 2022 from S&D Real Estate LLC, led by Liang Lin.
Little Rock Apartment Foreclosure Sale Tops $5.1M (Real Deals)

1 month ago | arkansasbusiness.com | George Waldon

An 80-unit apartment project in Little Rock is under new ownership in the wake of a $5.11 million foreclosure sale. Pender ABL I OW LLC, an affiliate of Pender Capital in Los Angeles, recovered Normandy Place at 7111 Indiana Ave. from TMF Normandy Holdings LLC, affiliates of Think Multifamily in Frisco, Texas. Pender ABL then sold the 2.57-acre development for $3.69 million to NPA AP LLC of Dallas.
Georgetown Complex Moves in $10.35M Sale (Real Deals)

1 month ago | arkansasbusiness.com | George Waldon

A 156-unit multifamily project in midtown Little Rock weighed in at $10.35 million. Narat LLC of New York; Doogan Georgetown LLC of Centennial, Colorado; Omreus 7 Inc. of New York; and Yasmin M Collazo MD LLC of New York bought Georgetown Apartments at 18 Nottingham Road. The sellers are a trio of out-of-state investors: Georgetown Ventures LLC of Tulsa; PCF DE LLC of Reno, Nevada; and Axiomm Properties 2 LLC of Reno.
Union Bank Upgrades Russellville Operation

1 month ago | arkansasbusiness.com | George Waldon

Mena’s Union Bank is expanding its presence in the $1.6 billion-deposit Russellville market with its first full-service branch. The $665 million-asset lender is accomplishing the move by upgrading its loan production office, which opened last summer at 500 W. Main St., Suite 112. “Our goal is to be open by the first of July,” said Jarrod Yarnell, CEO of Union Bank. Ten other banks are on the ground with full-service operations in Russellville.
Residence Inn Buy Exceeds $11.2M (Real Deals)

1 month ago | arkansasbusiness.com | George Waldon

A 107-room hotel in downtown Little Rock tipped the scales at $11.27 million. RILR River Market LLC, led by Bhavin Sharolia, purchased the Residence Inn Marriott at 219 River Market Ave. The seller is SREIT RI Little Rock Propco LLC, an affiliate of Starwood Property Trust in Greenwich, Connecticut. The deal is funded with a three-year loan of $11.9 million from Arvest Bank of Fayetteville.
Little Rock Port Industrial Park Sale-Leaseback Tops $35M (Real Deals)

1 month 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.
Tech Center Sale Tops $19.3M (Real Deals)

2 months 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.