Easter Seals Makes $3.2 Million Buy (Real Deals)

by George Waldon  on Monday, Apr. 9, 2012 12:00 am  

The sale of a 46,000-SF building in west Little Rock tipped the scales at $3.25 million. Easter Seals of Arkansas acquired the 14901 Cantrell Road project from Highway 10 Development Co., led by Robert Vogel.

The redevelopment is backed with a 15-year bond issue of $4.5 million issued through the Pulaski County Public Facilities Board.

The 6.02-acre property, most recently home to David Claibourne Ltd., was originally a Harvest Foods grocery store.

The site was assembled in two deals totaling $528,000. The sellers were Pearl Newton, $378,000 in April 1989; and Cheryl Weatherford and Carol and John Thompson, $150,000 in August 1989.


Dollar General Trio

Three Dollar General stores in Pulaski County changed hands in a series of deals totaling $3.1 million.

Yellow Store Holdings LLC, led by Russ McDonough III, bought the 2001 Old Military Road project in Jacksonville from PB General Holdings (Jacksonville) LLC for $1.1 million; the 9125 Stagecoach Road project in southwest Little Rock for $1.04 million from PB General Holdings (Stagecoach) LLC; and the 21300 Highway 365 N project in Maumelle for $967,000 from PB General Holdings (Morgan) LLC.

The selling limited liability companies were all led by Leonard Boen. The transaction is financed with a 10-year loan of $3.12 million from Metropolitan National Bank of Little Rock.

The developments previously were tied to a December 2009 mortgage of $3.08 million held by Centennial Bank of Conway.

The 1-acre Stagecoach site was purchased for $220,000 in July 2009 from D2H LLC, led by Kenneth Davenport and Andrew Hicks.

The 1.4-acre site in Jacksonville was acquired for $225,000 in May 2011 from Arkansas Emergency Transport LLC, led by Roger Hosman. The 1.17-acre Morgan site was bought for $170,000 in March 2011 from Martha Kierre.




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