Evergreen Place Deal Totals Nearly $1.4 Million (Real Deals)

by George Waldon  on Monday, Oct. 8, 2012 12:00 am  

A 168.8-acre commercial property in southwest Little Rock is securing a $3.5 million financial package.

Town Center LLC, led by Tommy Hodges, received the two-year loan from Malvern National Bank.

The Gateway Town Center acreage previously was tied to an October 2008 mortgage of $3.2 million held by First National Bank of Hot Springs.

The land was part a four-part assembly of 176 acres in January 2002 deals totaling more than $2.4 million.

The sellers were Canadian Pacific Properties Inc. of Alberta, Calgary, $1.46 million; Otter Creek Development Co. LLC, led by Robert McGinnis and Byron Eiseman, $784,000; Cynthia Keaton, $143,000; and Jennifer Mae Kochtitzky Trust No. 2, $81,390.



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