Red Lobster property deal largest Sebastian County transaction in January

by Talk Business & Politics staff ([email protected]) 6,730 views 

Sale of the property on which Red Lobster (7401 Rogers Ave.) is located sold in January for $6.7 million, the largest January property deal in Sebastian County, according to information from the office of Sebastian County Assessor Zach Johnson.

Because I Love Horses LLC sold the property to 1120 South Walton Partners LLC. Corporate records show Fort Smith businessman Kane Whitt as organizer of 1120 South Walton Partners. Whitt is a partner with Chris Whitt and Storm Nolan in CSK Hotels, a hotel management company with operations that include locations in Arkansas, Florida and Tennessee. Kevin Fuksa, based in Rogers, was the agent with the seller.

The second largest January transaction in the county was a $5.384 million home purchased by the Terry and Mary Anne Poling Trust from Don Wise Construction. The home, purchased on Jan. 21, is located in Fort Smith.

The third largest deal in the month was a $4.364 million sale of commercial property at 100 U.S. 71 South in Huntington. Abuzar Ghaffari purchased the property Jan. 7 from Mian, Babar & Farooq, according to Assessor’s office info.

Following are the top deals by transaction amount in Sebastian County during January.

Transaction amount: $6.7 million
Seller: Because I Love Horses, LLC
Buyer: 1120 South Walton Partners LLC
Sale Date: Jan. 24
Address: 7401 Rogers Ave., Fort Smith
Description: Commercial property

Transaction amount: $5.384 million
Seller: Don Wise Construction
Buyer: Terry and Mary Anne Poling Trust
Sale Date: Jan. 21
Address: Fort Smith
Description: Residential-home

Transaction amount: $4.364 million
Seller: Mian, Babar & Farooq
Buyer: Abuzar Ghaffari
Sale Date: Jan. 7
Address: 100 U.S. 71 South, Huntington
Description: Commercial

Transaction amount: $515,000
Seller: Jeffery Barham
Buyer: Zachary and Callie Terry
Sale Date: Jan. 13
Address: Greenwood
Description: Residential-home

Transaction amount: $505,000
Seller: John and Gail Ragains
Buyer: Matthew Baker
Sale Date: Jan. 14
Address: Fort Smith
Description: Residential-home and land

Transaction amount: $410,000
Seller: Breauz Outdoor Properties LLC
Buyer: Acadia Management Inc.
Sale Date: Jan. 17
Address: 916. S. D St., Fort Smith
Description: Commercial

Transaction amount: $390,000
Seller: Duane and Adrienne Daggs
Buyer: Jason and Jessica Wilson
Sale Date: Jan. 3
Address: Fort Smith
Description: Residential-home

Transaction amount: $385,000
Seller: Properties by Le LLC
Buyer: Kenneth Roth
Sale Date: Jan. 14
Address: 2801 S. 12th St., Fort Smith
Description: Residential-four flex apartment

Transaction amount: $375,000
Seller: Derek and Alisha Netz
Buyer: Andrew and Molly Posterick
Sale Date: Jan. 7
Address: Fort Smith
Description: Residential-home