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

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

The Crawfords bought the 1.9-acre location in September 1994 through Southland Marketing Inc. for $206,000 ($2.50 per SF). The seller was Bob Fewell.


Cherokee Funding

Adjoining office buildings in downtown Little Rock are backing an $891,348 mortgage.

Cherokee Investments LLC, led by Lyle Foster and Phillip Miron, got the five-year loan from BancorpSouth Bank.

The 4,688-SF 200 Louisiana St. Building and 8,490-SF Tripp Building at 209 W. Second St. previously were tied to July 2005 mortgages of $1.09 million held by BOA and $170,000 held by Summit Bank of Arkadelphia.

The 0.12-acre development at 200 Louisiana St. was purchased for $500,000 in September 2002 from 200 Louisiana Street Development Co., led by Sam Alley.

The 0.12-acre Tripp development was acquired for $616,667 in July 2005 from Advantage Plus LLC, led by Sam Alley.



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