EStem Buys Historic Gazette Building for $5.3 Million (Real Deals)

by George Waldon  on Monday, Mar. 21, 2011 12:00 am  

An 8,100-SF commercial building in Sherwood is under new ownership after a $599,000 deal.

Edsel Weaver Jr. and his wife, Kimberly, acquired the 5710 Warden Road project from B&F Advertising Inc., led by Henry Browne.

The deal is financed with a four-year loan of $595,864 from Farmers & Merchants Bank of Stuttgart.

The 0.72-acre property was assembled as part of two transactions totaling $237,450. The first buy closed at $196,000 in April 1984.

The sellers were Apartment House Builders Inc., led by John Kincannon, $196,000 in April 1984, and the James Faulkner estate, $41,450 in March 1991.

 

Mobile Purchase

A 7.4-acre mobile home development in southwest Little Rock rang up a $550,000 sale.

Finest Place Inc., led by Gary Dubose, purchased the 9524 Reck Road project from Clifton and Janice Williams. The deal is backed with a 20-year loan from the sellers.

The property was assembled in three deals totaling $58,000. The sellers were William and Nina Mathis, $25,000 in February 1977; Emma Mae Schlesier, $30,000 in June 1984; and Ronald and Linda Self, $18,000 in April 1985.

 

Sherwood Land

 

 

Please read our comments policy before commenting.