Downtown Mill Part of $2.2 Million Argenta Transactions (Real Deals)

by George Waldon  on Monday, May. 26, 2008 12:00 am  

The McCaskills bought the property for $278,000 in December 1999 from Atlanta's Life Insurance Co. of Georgia.

Convenient Sale

A convenience store in east Little Rock changed hands in a $425,000 sale.

James Chung Sr., his wife, Sunny, and James Chung Jr. purchased the 1101 E. Roosevelt Road property from Myers Ranch Inc., led by John and Hyun Chun.

The deal is funded with a $340,000 loan from North Little Rock's National Bank of Arkansas. The 0.2-acre development previously was linked with a March 2007 mortgage of $272,000 from Central Bank of Little Rock.

Myers Ranch bought the project for $340,000 14 months ago from Pumps Food Mart Inc., led by David Newton.

Mechanics Purchase

Nearly 20 acres in North Little Rock drew a $360,000 deal.

Mechanics Lumber Co., led by Gene Pfeifer, acquired the land at the southwest corner of Camp Robinson Road and Donovan Briley Boulevard. The seller is Camp Robinson Road Joint Venture, led by Jim Hathaway.

The joint venture bought the land as part of a $354,450 deal in August 1991 from Harry and Ruth Pittard.

Elementary Deal

The sale of a former elementary school in Little Rock rang up a $200,000 transaction.



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