Easter Seals Makes $3.2 Million Buy (Real Deals)

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

Butcher Shop Buy

A 9,125-SF restaurant in west Little Rock rang up a $1 million transaction.

10825 Hermitage LLC, led by Alvin Watkins, purchased the Butcher Shop at 10325 Hermitage Road. The seller is Day One Ltd., Dennis Day.

The deal is financed with loans of $1.39 million and $246,881 from First Security Bank of Searcy.

The 2.85-acre development previously was linked with a March 2005 mortgage of $1.2 million held by the bank.

Day One bought the property for $1.5 million in September 1998 from James and Mylene Bone.


Promenade Outparcel Sold

A golden arches development is following a $775,000 land deal in west Little Rock.

McDonald's Real Estate Co. of Oak Brook, Ill., acquired the 1.47-acre site at 17601 Chenal Parkway from Little Rock Development Co. LLC, an affiliate of Red Development of Kansas City, Mo.

The land is part of the Promenade at Chenal project, funded with a December 2011 mortgage of $64.6 million held by Bank of America in Charlotte, N.C.

Little Rock Development purchased the location for $10.25 million in September 2006 as part of a 37.8-acre deal with Deltic Timber Corp. of El Dorado.



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