Maumelle Starbucks Sells For $1.1 Million (Real Deals)

by George Waldon  on Monday, Feb. 15, 2010 12:00 am  

GCI Development LLC, led by Martin and Susan Gunaca, acquired the location at 11501 Maumelle Blvd. from One Bank & Trust of Little Rock.

The deal is financed with a six-month loan of $386,250 from Metropolitan National Bank of Little Rock.

The bank purchased the land in January 2008 as part of a $1.03 million deal with Richardson Properties LLC, led by Keith Richardson.

Entergy Acquisition

A fence contracting property in southwest Little Rock drew a $500,000 sale.

A&L Entergy Inc. of Shreveport bought the 11125 Interstate 30 project from Master-Halco Inc. of Orange, Calif.

The transaction is backed with a $488,000 loan from IberiaBank of Lafayette, La.

Halco Fence & Supply Co., the pre-merger owner, acquired the 3.85-acre property for $50,000 in April 1971 from John and Rea Marion.

Multifamily Sale

A small apartment project in North Little Rock sold for $420,000.

W.E. Clark & Sons Inc., led by Michelle Esentan, purchased the 4805-4809 N. Hickory Ave. property. The seller is Car Holdings LLC, led by Richard Harp and Andrew Adkins.

The 0.69-acre development previously was used to help secure April 2007 mortgages of $1.9 million and $100,000 held by Twin City Bank of North Little Rock.



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