Burger Combo Adds Up to $1.66 Million Sale

by George Waldon  on Monday, Sep. 24, 2012 12:00 am  

The 160,000-SF warehouse at 1900 E. Roosevelt Road, now under new ownership after a $1.4 million deal. (Photo by Mark Friedman)

Carlton Farms LLC of Columbia, Ill., purchased 177 acres from Jo Beth James and Marty James for $627,000.

Other acquisitions included Dorise Page, 59 acres for $207,000; Jan Earp, 58 acres for $194,000; Gertrude Ryles, five acres for $18,000; and Square Deal Inc., led by Marvin Itzkowitz, 1.66 acres for $6,000.

The land is at the northeast corner of Highway 161 and River Road.

The deal is funded with a 10-year loan of $567,050 from Rabo Agrifinance Inc. of St. Louis, Rabobank of El Centro, Calif., and Rabobank Nederland.

Terminal Transaction

A 13.05-acre truck terminal development in North Little Rock rang up a $700,000 sale.

Grace Trailer Services LLC of West Memphis bought the 2228 Central Airport Road project from Heringer Investment Properties LLC of Jonesboro.

The deal was backed with a six-month loan of $560,000 from Fidelity National Bank of West Memphis.

The 6,660-SF facility previously was linked with an April 2002 mortgage of $248,000 held by Bank of Jonesboro and an April 2009 mortgage of $170,779 held by its successor, Liberty Bank of Arkansas.

The property was purchased for $211,666 in August 2001 from PFT Roberson Inc. of Champaign, Ill.

Gleason Acreage

The sale of a 101.7-acre tract in west Little Rock tipped the scales at $2.67 million.



Please read our comments policy before commenting.

Latest Arkansas Business Poll

Do you approve of the president taking executive action on immigration?