Sherwood Gander Mountain Sells for $4 Million (Real Deals)

by George Waldon  on Monday, Apr. 11, 2011 12:00 am  

Ten-Three-Ten Co., an investment group composed of seven doctors, received the funding from Delta Trust & Bank of Little Rock.

The Ten Three Ten Building at 10310 W. Markham St. previously was linked with a July 2008 mortgage of $2.9 million held by Centennial Bank.

The investors include A.C. Brizzolara, Robert deBin, Paul Fiser, Purcell Smith Jr., Joe Matthews, Fred Kittler and Bill Hefley.

The investors bought the 2.93-acre location from Central Baptist Church in April 1985 for $870,000.

 

North Point Mortgage

An 8,592-SF commercial project in Jacksonville is securing a $520,000 financial package.

Durham Family LLC, led by James and Darlene Durham, received the three-year loan from First Arkansas Bank & Trust of Jacksonville.

The 1-acre North Point Plaza development at 500 Madden Road previously was tied to a March 2003 mortgage of $675,000 held by the bank.

The Durhams purchased the property for $107,000 in September 1999 from Ralph Ainley.

 

 

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