Arkansas Business

The former home of Wheeler Construction Co. in Maumelle is under new ownership after a $261,400 foreclosure sale.

Centennial Bank of Conway recovered the 13,496-SF office warehouse project at 26308 Highway 365 N. from Patricia Wheeler.

The 3-acre development previously was linked with an October 1999 loan of $235,000 from Centennial's predecessor, First State Bank of Conway.

The property was purchased for $12,000 in December 1985 from Theresa and Garold Petee.

Estates Home

A 5,400-SF home in The Estates neighborhood of west Little Rock's Chenal Valley neighborhood drew a $750,000 transaction.

The Board of Trustees of Arkansas State University bought the house from Larry and Theresa Middleton. The residence previously was tied to an October 1997 mortgage of $214,000 originated by Bank of the Ozarks and was used to help secure a December 2010 mortgage of $1.7 million held by U.S. Bank.

The property was acquired for $557,000 in October 1997 from Kenneth Phillips Jr. and his wife, Lynn.

Downtown Condo

A 2,108-SF condo in downtown Little Rock sold for $679,000.