George Gleason Adds to Residential Spread with $2.6M Purchase

by Arkansas Business Staff  on Monday, Jul. 30, 2012 12:00 am  

George Gleason (Photo by Jason Burt)

A prominent executive expanded his land holdings in west Little Rock after a $2.67 million acquisition.

George Gleason, chairman and CEO of Bank of the Ozarks Inc., bought nearly 102 acres along Denny Road from Gold Family Properties LLC, led by Allan and Laura Gold.

Gleason made the purchase in the name of Timber Tract 10 LLC.

The property extends Gleason's ownership westward and practically doubles his acreage.

You might recall that Gleason is building a grand home - reportedly an eventual art museum - after investing $2.8 million in earlier real estate buys.

Numbers associated with the sprawling residential project, said to be completed in spring 2013, appear to be low-ball guesstimates. Value: $7.8 million. Size: 27,500 SF.



Please read our comments policy before commenting.