Christian Brothers Sells for $1.6 Million (Real Deals)

by George Waldon  on Monday, Apr. 2, 2012 12:00 am  

A 4,900-SF auto repair center in west Little Rock sold for about $1.67 million.

Arkansas Systems Building Co. LLC, led by Hank Kelley, bought the Christian Brothers Automotive project at 15516 Chenal Parkway.

The seller is Main Carr Development LLC Series IX, led by Eric Reed. The deal is funded with a seven-year loan of $1.1 million from U.S. Bank of Cincinnati.

The 0.76-acre development previously was tied to a December 2009 mortgage of $1.1 million held by Frost National Bank of San Antonio. The location was purchased for $396,000 more than two years ago from Chenal & Wellington Hills 2007 LLC, led by Jeffrey Nicholas.


Industrial Transaction

Ownership of a 200,000-SF industrial facility in east Little Rock narrowed through a $300,000 transaction.

Ben and Diane Davis acquired sole ownership of the MacMillan Bloedel Containers project at 1901 E. 22nd St. They purchased the interest of Clifton Family LLLP, led by Norman Clifton.

The Davises and the limited liability limited partnership bought the 15.9-acre property for $300,000 in October 2011 from Weyerhaeuser NR Co. of Federal Way, Wash.


Convenient Purchase

A North Little Rock convenience store rang up a $215,000 transaction.

K&Y Foodmart Inc., led by Kil Joong Kim, purchased the Toot N Moo at 5800 MacArthur Drive from First Community Bank of Batesville.



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