Eliken Property Management
Eliken Property Management – Industrial property in East Little Rock, convenience stores in West Little Rock and North Little Rock, duplexes in Faulkner County, an office building in West Little Rock, two homes in Little Rock and a Maumelle apartment project make up the real estate conga series of million dollar transactions .
►HMS Manufacturing Co. of Troy, Michigan, purchased the former General Electric Distribution facility at 6901 Lindsey Road in the Little Rock Port Industrial Park for $15.1 million.
Eliken Property Management
►10200 Rodney Parham LLC and 700 East Broadway LLC, both led by Edward Bailey, sold Circle K projects in west Little Rock for nearly $3.8 million and in North Little Rock for $3 million.
The Home Depot News
►Dixon Properties LLC, led by Keith Dixon, bought 15 duplexes nearly 6 miles east of Conway at the southeast corner of Sunny Gap Road and Fiegel Loop for $2.2 million.
►Russ McDonough III and his wife, Kimberly, sold their 5,995-SF home near the Country Club of Little Rock to Stanley and Catherine Payne for $1.6 million.
►8924 Kanis MOB LLC, led by Brock Martin, acquired a 13, 656-SF office building at 8924 Kanis Road in west Little Rock from Southern Bancorp Bank of Arkadelphia for $1.5 million.
►Pine Forest Apartments LLC, led by Jason Bolden, sold the 28-unit eponymous complex at 301 Pine Forest Drive in Maumelle for nearly $1.5 million.
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►David Brogdon Living Trust purchased a 6,645 SF home in the gated Beau Vue Estates neighborhood of west Little Rock from Mark McMurry for more than $1.3 million.
Brock Martin, VCC, Baldwin and Shell Construction Co., Pine Forest Apartments, Doctors Building, General Electric Co., USable Life, USable Building, Edward Bailey, Chris Moses, Little Rock Port Industrial Park, Ryan Aclin, Jeffrey Aclin, Eliken Property Management, Circle K, Southern Bancorp Bank, HMS Mfg. Co., Jarod Puckett, Keith Dixon, Dixon Properties LLC, Keathley Investments Properties LLC, Blake KeathleyThe company is a privately held, self-managed and self-managed real estate company formed to engage primarily in the acquisition, ownership, development and management of industrial properties throughout United States.
Starting out in the wholesale clothing business, Eli and Ken became familiar with the industrial real estate business based on their own needs and conditions for commercial warehousing at the time. They bought the first industrial warehouse to store products for their own clothing business. Quickly realizing and understanding the need for functional storage, Eli and Ken began acquiring additional properties as investments. As wholesale distributors themselves, Eli and Ken seamlessly transitioned into experienced investors with direct knowledge and understanding of user needs. They put everything they knew to work.
“In December 2019, Walmart and Structurlam announced plans to open a bulk lumber facility in Conway, Arkansas. From initial negotiations through the contract and due diligence period, Eli and his team were true professionals and showed flexibility when some unforeseen delays arose in the project schedule. Whether working on contract details or coordinating small issues like continued electrical service, Eli and his team acted as partners in the transaction.”
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“Eastman Chemical Company recently leased a warehouse from EPM Partners in Virginia. Eli Zami was very responsive to our questions and receptive to making the deal work for both sides. He was also very flexible with our requests to meet our business needs and actually looked for ways to save us money with our configuration. Overall, I rate our experience with Eli and his staff 10 out of 10!”
“I first met Eli Zami and Kenny Cohen in the spring of 2014 when I was the Chief Credit Officer of BNB Hana Bank. I was very impressed with their knowledge of business interests as well as their character, integrity and transparency. I stayed in frequent contact with Eli and witnessed his consistently attractive investment returns, comprehensive investment process and strong execution. Eli is extremely thorough, evaluating all risks and opportunities in individual investments as well as his entire investment portfolio before making his decision. It remains a close and trusted relationship for me and someone I hold in the highest personal and professional regard.”
“I have known Eli Zami and Kenny Cohen for over 16 years, I started investing with them about 5 years ago after noticing they were acquiring and slowly building an impressive portfolio of industrial properties in several states.
Before investing their own money as well as that of their partners, they apply a very methodical approach with thorough knowledge of each local market in which they invest. This knowledge comes from doing due diligence, spending time to make sure what they are buying is right and limiting the downside. They are the ultimate value investor, looking for deep value and then leveraging their reputation with leasing and sales brokers to either stabilize or sell the properties. I find them very honest, that’s why I have invested with them and will continue to invest with them.”
Villager Newspaper By Schneps Media
“Companies around the world are taking note of Arkansas and the clear advantages of investing in the state. New York City-based Eli Zami and EPM Partners have recently planted several flags in the Central Arkansas commercial real estate market. From the Nucor and Kimberly-Clark buildings in Conway, to the renovated Port of Little Rock building that helped locate HMS Manufacturing, Eli and his team saw the value and now have a significant stake in our success. These three buildings were no longer in use and were vacant. Eli and his team have breathed new life into these spaces and created new opportunities and new jobs, which is the kind of economic growth we need.” to keep the parcel as open space
Elihu Gevirtz, left, and Ken Owen of Channel Islands Restoration and community advocate Samantha Eddy work to raise money to buy the upper San Marcos Preserve property and prevent development. (Ray Ford / photo)
A handful of local community environmentalists are making a last-ditch effort to save the last stretch of St. Mark’s foothills from development.
The existing San Marcos Foothills Preserve is a Santa Barbara County park that includes 200 acres of open space and hiking trails, and environmentalists want to buy the adjacent, undeveloped property to preserve it as open space.
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Luxury residences are proposed for the land by the Chadmar Group, and the project has scheduled review hearings in September at the South Board of Architectural Review.
If approved, road and utility construction for the development, dubbed the Preserve at San Marcos, could begin this winter.
The goal, according to Elihu Gevirtz and Ken Owen of Channel Islands Restoration, is to raise enough money to buy the property, not to stop the project through public pressure or legal maneuvering.
“Our goal is a win-win,” Gevirtz said. “If we can raise the funds needed to purchase the property while giving the owners a fair settlement, that would be great.”
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Gevirtz quietly met with Chuck Lande, president and CEO of the Chadmar Group, to assess whether he might be interested in selling rather than developing.
While Lande is open to meeting with the CIR, he stresses that the settlement that led to the approval of the Preserve at San Marcos project in 2006 resulted in nearly 90 percent of the original 377-acre proposal being preserved.
Sunset view from the upper foothills area of the San Marcos Preserve to be developed. The project proposes the construction of eight new estates spread across 101 acres of the upper meadow. (Photo of Channel Islands Restoration)
“That remaining 10 percent is what has paid for the donation of 200 acres of preserved St. Mark’s,” Lande said, “along with the 30-acre passive park and another 98 acres of non-buildable private open space.”
Hms Pays $15.1m For Port Property
Lande also noted that the establishment of the St. Mark’s Protected Area did not require the use of state funds for its creation.
“Keeping 90 percent of any property without fundraising or government funds is a model to follow,” he said. “If Elihu (Gervitz) has ideas, I’m always happy to talk more.”
The grassland habitat on the upland property “is at least as important and maybe more important than the grasslands on the protected reserve,” says Gevirtz, senior ecologist for Cannel Island Restoration, as we look over the property.
“The part of the foothills that is going to be developed should never have been left out when the Preserve was created in 2006,” he adds.
Ray Ford: Environmentalists Making Last Chance Effort To Preserve More Land In San Marcos Foothills
Standing near a cluster of signs marking the intent to develop on the property, Owen gazes out at the rolling foothills. Now mostly tall invasive grasses, mustards and other non-native plants, Owen laments the loss of one of the area’s most important habitats.
“At one time, this area supported ecologically rare native grasslands that provided habitat for birds and other animals,” he said. “Areas like this are disappearing in Santa Barbara County, and saving these last acres is essential.”
A map shows the areas covered by the proposed project (in red) and the current boundary of the San Marcos Conservation Area (in green). (Channel Islands Restoration
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