Pleasant Woods Apartments Sell for $12.2 Million (Real Deals)

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


Farm Expansion

A southeast Pulaski County enterprise expanded its holdings through a $240,000 Punkin Patch transaction.

Bemis Tree Farm Inc., led by Donna Bemis, bought an adjoining 90 acres at 12501 Punkin Patch Road from Marvin and Rose Lewis. The deal is funded with a three-year loan of $280,000 from Community State Bank of Bradley.

The Lewis family recovered the property at a $100,000 foreclosure sale in September 2011 from Cedar Creek Construction LLC, led by Darren Clow.

The limited liability company defaulted on a $389,000 mortgage held by the Lewis family, who financed the $390,000 sale in October 2009.


Parking Transaction

A 0.24-acre parking lot in downtown Little Rock rang up a $125,000 sale.

Jjrocksm Holding LLC, led by Michael Langford and Sean Miller, acquired the property adjoining the west side of the Millionaire Reception Room at 700 Broadway.

The seller is the 1998 Kenneth W. Johnson Revocable Living Trust.

The deal is financed with a $751,600 loan from Heritage Bank of Jonesboro.



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