NLR Theatre Company Sets Stage for Faucette Building (Real Deals)

by George Waldon  on Monday, Feb. 2, 2009 12:00 am  

The new $ million home of Baldwin & Shell Construction Co. is taking shape in down Little Rock. The 23,00-SF structure at 1000 W. Capitol Ave. should be completed in April.

Industrial Sale I

An industrial property in North Little Rock tipped the scales at $2.9 million.

JWJ Investments LLC, led by Steven Jenkins, James Wallace and Allen Jenkins, bought the 7200 Industry Drive project. The seller is House Properties Inc., led by Byron House III.

The deal is financed with a $2 million loan from North Little Rock's National Bank of Arkansas. The 23-acre property previously was tied to a June 2005 mortgage of $2.67 million held by Metropolitan National Bank of Little Rock.

House Properties purchased the former RDC Sales project for $2.8 million more than three years ago from Little Rock's Bank of the Ozarks.

RDC Sales, led by Charles Robertson Jr., forfeited the property in February 2004 to Bank of the Ozarks in lieu of foreclosure.

Theatre Purchase

A downtown North Little Rock property is under new ownership after a $500,000 deal.

Argenta Community Theatre acquired the historic Faucette Building at 405 Main St. from Old Silver City LLC, led by John Gaudin.

The 0.2-acre development previously was tied to an April 2005 mortgage of $312,000 and a November 2006 mortgage of $1.09 million held by Twin City Bank of North Little Rock.

The former R&R Uniforms property was purchased for $390,000 in April 2005 from the Billy W. & Glenna Marcille Acord Joint Revocable Trust.

The Acords bought it for $63,000 in December 1984 from Phillip Malnick, Conrad Malnick and Rose M. Walker.

Christian Buy



Please read our comments policy before commenting.