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.

An industrial parcel in North Little Rock drew a $196,000 transaction.

GIK LLC, led by Marvin Itzkowitz, acquired the site near the northwest corner of U.S. Highway 165 and Judi Drive. The seller is D&B Commercial Park LLC, led by James Dietz.

D&B Commercial Park purchased the 3.55-acre property in June 2001 as part of a $1.05 million transaction. The seller was I-440 Business Fiberpark LLC, led by George Wilcox.

The property was part of a 241-acre tract bought for $1.4 million in December 1997 from Wilcox Land & Cattle Co. by I-440 Business Fiberpark, originally led by Charles Tankersley.

University Property

Property in south Little Rock changed hands in a $162,000 deal.

5401 South University Building LLC, led by Stacie Dyer, purchased the land north of the Metropolitan National bank branch at 5601 S. University Ave. from the bank.

Metropolitan bought the 0.9-acre site for $136,000 in September 1972 from Genevieve Smith, Herschel Friday, William H. Bowen and William J. Smith. The land was acquired for an undisclosed sum in August 1969 from Jett Ricks and Noble Scotty Barber.

Maverick Funding

A trucking headquarters in North Little Rock is backing a $35 million funding agreement.

Maverick Real Estate LLC, led by Steve Williams, received the eight-month loan from First Tennessee Bank of Memphis.

Maverick Transportation's 111-acre spread at 13301 Valentine Road previously was linked with an April 2005 mortgage of $35 million held by the bank. The land was assembled in two deals totaling $1.1 million.



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