LR Retail Centers Draw $6.1 Million Transaction (Real Deals)

by George Waldon  on Monday, Aug. 25, 2014 12:00 am  

Geyer South and the Geyer Springs Shopping Center (shaded in red) were purchased by a Brooklyn, New York, limited liability company.

The property was purchased for $670,000 in March 2011 from the Marylena Lowe Kennedy Revocable Trust.

PV House

A 3,644-SF home in the Pleasant Valley neighborhood of west Little Rock changed hands in a $550,000 transaction.

Allison and Sean Cox bought the house from Ryan and Jennifer Elledge. The deal is backed with a 30-year loan of $412,500 from Regions Bank of Birmingham, Alabama.

The residence previously was tied to a February 2012 mortgage of $273,760 held by IberiaBank Mortgage Co. and a July 2012 mortgage of $54,000 held by IberiaBank

The property was acquired for $298,000 in February 2012 from Curtis and Jane Homeyer.

Church Mortgage

A Little Rock congregation picked up a $4.5 million financial package.

Pulaski Heights United Methodist Church obtained the eight-year loan from Bank of America.

The 3-acre development at 4823 Woodlawn Ave. previously was linked with an October 2003 mortgage of $8 million held by the bank.

The property was assembled in 18 deals totaling more than $534,000.

The sellers included Harold and Katherine Zimmerman, $100,000 in July 1989; Betty Pinckney, $83,000 in July 1989; Irene Whitehurst, $80,000 in July 1990; Sammye Taylor, $78,000 in July 1989; Randall and Charley Luster, $70,000 in July 1989; and Richard Johnson, Robert Young and Michael Selby, $70,000 in July 1990.

Others were Margaret Henry, $25,000 in July 1975; Myrtle Pittman, $11,500 in June 1963; Thomas and Mary Morton, $11,000 in January 1959; and W.C. and Dorothy Schroepfer, $6,000 in October 1962.

Eight of the deals were for unreported sums: Theo and Winifred Mashburn in September 1945, the Mary Thomas estate in August 1952, Charles and Annette Harley in September 1954, Ruth Elias in July 1955, Blanche Reynolds in February 1957, Veron Scott in October 1957, Thomas and Helen Vaughan in May 1958, and Winston and Martha Weese in December 1976.



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