Affiliated Foods Project Sells for $1.7 Million (Real Deals)

by George Waldon  on Monday, Jul. 2, 2012 12:00 am  

A 64.2-acre industrial development in southwest Little Rock changed hands in a $1.7 million foreclosure sale.

Thomas Bartholomew, founder and owner of CalArk Trucking, purchased the former Affiliated Foods headquarters and warehouse complex at 12103 Interstate 30.

The 64.2-acre development is home to four warehouses with 566,000 SF under roof, two office buildings totaling 8,100 SF and a 7,000-SF service garage.

The project previously was linked with a May 2001 mortgage of $15 million held by General Electric Capital Business Asset Funding Corp. of Bellvue, Wash.

Shur-Valu Stamps Inc., an Affiliated Foods subsidiary, assembled the land in three buys totaling $1.88 million.

The sellers were Affiliated Foods Inc., led by C.E. Toland, $1.6 million in June 1972; Otter Creek Development Co., led by Luke Quinn, $275,000 in December 1980; and Entergy Arkansas Inc., $7,000 in May 1998.


Deauville Abode

A 4,932-SF home in the Deauville Place neighborhood of west Little Rock's Chenal Valley development home rang up a $778,000 transaction.

Byron and Shelley Rogers acquired the house from Randy James Construction

Co. The deal is funded with a 15-year loan of $588,000 from Arvest Bank of Fayetteville.

The residence previously was tied to a May 2011 mortgage of $500,000 held by Bancorpsouth Bank of Tupelo, Miss.

The site was bought for $151,000 in April 2005 from Deltic Timber Corp. of El Dorado.



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