LR Neurologist Building Sells for $1.4 Million (Real Deals)

by George Waldon  on Monday, Jan. 31, 2011 12:00 am  

A 13,600-SF medical office building in west Little Rock tipped the scales at $1.4 million.

Southern Bancorp Bank of Arkadelphia bought the 8924 Kanis Road property from a group of neurologists: BH&G Properties LLC, led by Robert Silzer, John Ironside, Beverly Beadle and Bradley Boop.

The 1.96-acre development previously was tied to a June 2010 mortgage of $300,000 and an October 2010 mortgage of $823,875 held by Regions Bank of Birmingham, Ala.

The 1.96-acre site was acquired for $311,000 in October 1983 from River City Land Co., led by John Paul McKay Jr.

Branch Transaction
The sale of a west Little Rock bank branch weighed in at $1.22 million.

16600 CP Properties LLC, led by Walter Ebel III, purchased the bank branch at 16600 Chenal Parkway from Delta Trust & Bank.

The deal is financed with a $980,000 loan from Delta Trust.

The bank bought the 0.73-acre site for $940,000 in November 2000 from Riverside Properties LLC, led by Lisenne Rockefeller.

Arby's Land
An Arby's outparcel at west Little Rock's Shackleford Crossings development changed hands in a $765,000 (about $18.50 per SF) deal.

U.S. Beef Corp. of Tulsa acquired the 0.95-acre site near the southwest corner of Shackleford Road and Interstate 430. The seller is Shackleford Crossings LLC, once led by Steve Clary and now administered by Timothy Buss on behalf of the project's lender, M&I Marshall & Ilsley Bank of Milwaukee.

The land previously was used to help secure a January 2007 mortgage of $53.2 million held by M&I.

The property was purchased in October 2005 as part of an $11.4 million deal with Summit Mall Co. LLC, a joint venture between Simon Property Group Inc. of Indianapolis and Dillard's Inc. of Little Rock.

BLK Acquisition
A 12,359-SF commercial building in North Little Rock rang up a $620,000 sale.



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