$55 million apartment sale tops NEA transaction list

by Talk Business & Politics staff ([email protected]) 760 views 

Willow Creek Owner LLC and Spires Willow Creek Owner 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 companies spent $55 million to buy Willow Creek Apartments and Clubhouse. The deal was completed April 26.

PPM/KP-1 LLC made the second most significant real estate purchase in the region during the period. The company bought a fast-food restaurant and convenience store for $5.5 million. The deal was completed April 18.

In the third largest real estate deal in the region, Sai Real Estate LLC bought a convenience store. The deal was for $2.45 million and it was completed May 9.

Following are the other top transactions during the period in the county:

Transaction amount: $2 million
Seller: Gamble Brothers LLC
Buyer: King Oak LLC
Sale date: April 29
Address: 2816 Creek Drive
Description: commercial property

Transaction amount: $1.75 million
Seller: BNA Properties LLC
Buyer: Smith and Little Investments LLC
Sale date: May 12
Address: 515 W. Washington
Description: office building

Transaction amount: $1.72 million
Seller: Malcom Peeler/Marian Green/Jeffrey and Mary Ann Murphy
Buyer: Wilmark Ventures LLC
Sale date: May 2
Address: 909 Windover
Description: office building

Transaction amount: $1.2 million
Seller: ETO LLC
Buyer: P&H Investments LLC
Sale date: April 18
Address: South Caraway Road
Description: commercial property

Transaction amount: $1 million
Seller: Jonathan Clark Adams/Kimberly Adams/Jo Adams and Brant Brinkle
Buyer: Kenneth Yarbrough
Sale date: April 26
Address: N/A
Description: residential acres

Transaction amount: $841,000
Seller: Shelton Construction LLC
Buyer: Kirk Loberg and Angela Richardson
Sale date: April 26
Address: N/A
Description: house

Transaction amount: $780,000
Seller: Maximilliano and Kari Arroyo
Buyer: Mathew and Lauren Quick
Sale date: April 15
Address: Dunwoody-Huntcliff subdivision
Description: house