Alexander Properties Produce $4.5M Sale (Real Deals)

by George Waldon  on Monday, Jun. 18, 2012 12:00 am  

The sale of neighboring developments in Alexander generated two seven-digit transactions.

Knollwood Mobile Home Park LLC of Birmingham, Mich., bought its namesake 137-pad project at 26270 Interstate 30 N. Service Road for $2.7 million.

The 31-acre mobile home park is now helping secure a $30.2 million funding agreement with General Electric Capital Corp. of Norwalk, Conn.

Coulson Oil Co. of North Little Rock purchased its leased 3.4-acre Shell Superstop development at 13400 Interstate 30 for $1.8 million.

The deal is financed with a five-year loan of $1.8 million from Simmons First National Bank of Pine Bluff.

The seller in both deals was Willie Aaron Jones Family Ltd., led by Beverly Steed and Michael Jones.

The land for both properties was associated with a $50,000 deal W.A. Jones struck with Isadore and Sarah Scrinopskie in February 1959.

 

Farmland Purchase

A 164-acre farm in southeast Pulaski County changed hands in a $530,000 sale.

Henderson Farms Inc., led by Pat Norsworthy, acquired the land at the southwest corner of Highway 161 and Allison Road from Johnie and Sharon Carter.

The property previously was tied to an April 2008 mortgage of $230,368 held by Bank of England.

 

 

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