Children's Pays $1.3 Million For Park Land (Real Deals)

by George Waldon  on Monday, Jan. 30, 2012 12:00 am  

The deal is financed with a five-year loan of $326,400 held by Simmons First National Bank of Pine Bluff.

The 0.42-acre development previously was tied to an October 1999 mortgage of $216,800 held by Regions Bank of Birmingham, Ala.

The location was purchased in May 1959 as part of a $45,000 deal with E.L. and Zelma Brady.


Downtown Transaction

A 3,383-SF office building in downtown Little Rock is under new ownership after a $213,000 deal.

Brian and Bonnie Robertson bought the 1302 Cumberland St. property from IberiaBank of Lafayette, La. The bank recovered the 0.24-acre development from Mary Yancey at a $346,700 foreclosure sale in March 2011.

The project previously was linked with a February 2007 mortgage of $412,250 held by IberiaBank's predecessor, Pulaski Bank & Trust of Little Rock.

Yancey acquired the property nearly five years ago for $485,000 from AAA Therapy Care Inc., led by Roger Baker.


Day Care Sale

A day care in southwest Little Rock sold for $205,000.



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