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.

A commercial site in North Little Rock rang up a $456,000 transaction.

Christian Brothers Maumelle Ltd., led by Mark Carr, purchased the property near the northwest corner of Maumelle Boulevard and Paul Eells Drive. The seller is WNLR Investments LLC, led by Andy Collins.

Development of the 0.77-acre location is backed with a three-year loan of $1.57 million from Amegy Bank of Houston.

The land is associated with a $2.3 million buy in September 2006 from David and Rose Wells, Claude Wells Jr. and his wife, Sally, and Stephen Wells.

The land was acquired as part of a $2,700 transaction with the U.S. Government in February 1946.

Southwest Transaction

Commercial property in southwest Little Rock is under new ownership after a $200,000 sale.

R&L Properties, led by Doyle Rogers and Tommy Lasiter, bought the All Arkansas Computer Services at 8100 Geyer Springs Road. The seller is CA&JL Enterprises Inc., led by Jim Bush.

The 0.77-acre development previously was linked with two October 2005 mortgages totaling $135,000 held by Silver Hill Finance LLC of Coral Gables, Fla.

CA&JL acquired the property for $150,000 in October 2005 from John and Sue Bush. The Bush family purchased it for $195,000 in May 1998.

The sellers were William and Elizabeth Terry, Joseph A. Terry and the Adolphine F. Terry Trust, 12.5 percent each; the estate of Leonard Drennan Jr., 8.34 percent; Mary Drennan Harne and her husband, Gary, and Leonard J. Drennan, 8.33 percent each; Joan Terry Oliver and her husband, J. Bruce, 6.95 percent; Tonya Terry Smith and her husband, William, 5.55 percent; Mary Yatsevitch, Margaret and Edward Yatsevitch, Stephanie Yatsevitch, Michael Yatsevitch and McGregor Yatsevitch, 5 percent each.

Industrial Sale II



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