$4 million apartment deal tops recent NEA real estate transactions

by Talk Business & Politics staff ([email protected]) 680 views 

The Broadlands LLC made the most significant residential and commercial property transfer in Craighead County, from April 15 through May 15, according to the Craighead County Assessor’s Office. The company spent $4.1 million to buy apartments on Southwest Drive. The deal was completed April 15.

Lag Investments Jonesboro LLC made the second most significant real estate purchase in the region during the period. The company bought the Kum and Go on Red Wolf Blvd. For $3.5 million. The deal was completed April 28.

In the third largest real estate deal in the region, 2929 South Caraway Jonesboro LLC bought a strip mall on Caraway. The deal was for $2.5 million and it was completed May 7.

The following are the other top transactions during the period in the county.

Transaction amount: $2.4 million
Seller: Quinn Family Limited Partnership
Buyer: Terry and Debra Whitlock
Sale date: May 13
Address: 2607 Red Wolf Blvd
Description: store

Transaction amount: $2.19 million
Seller: Brenda and Kevin Craft
Buyer: Ranbows and Shunshine LLC
Sale date: May 11
Address: 1906 Matthews
Description: apartments

Transaction amount: $1.6 million
Seller: Larry and Stacey Newcomb
Buyer: Lyle Jones
Sale date: May 3
Address: Plantation Estates
Description: house

Transaction amount: $750,000
Seller: Gamble Land Company and Math Investments LLC
Buyer: Elite 412 Real Estate LLC
Sale date: May 6
Address: East Highland
Description: commercial property

Transaction amount: $725,000
Seller: Orion-NRD Ruby JV LLC
Buyer: Ken Yarbrough
Sale date: April 19
Address: 2915 Kazi St.
Description: restaurant

Transaction amount: $700,000
Seller: Beth and Todd West
Buyer: Matthew and Samantha Pope
Sale date: May 10
Address: Ridgepointe
Description: house

Transaction amount: $600,000
Seller: Grisham Land Company LLC
Buyer: Albert G. Young III
Sale date: April 20
Address: N/A
Description: residential acres

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