Goodwill Purchase Tops $1.6 Million (Real Deals)

by George Waldon  on Monday, Oct. 1, 2012 12:00 am  

A tenant turned owner in a west Little Rock transaction that weighed in at $1.65 million.

Goodwill Industries of Arkansas Inc., led by Brian Itzkowitz, bought its 33,000-SF donation center at 109 Markham Park Drive. The seller is SS One of Arkansas LLC, led by Larry and Mark Middleton.

The 3.07-acre development previously was tied to a June 2010 mortgage of $1.08 million held by IberiaBank of Lafayette, La.

SS One acquired the vacant Circuit City project for $1.4 million more than two years ago from CC Acquisitions Ltd., a subsidiary of New York Life Insurance Co.

CCI Trust 1994-I of Wilmington, Del., forfeited the property to CC Acquisitions in lieu of foreclosure in May 2009. The trust purchased the project for $3.45 million in November 1994 from Circuit City Stores Inc. of Richmond, Va.

 

Warehouse Acquisition

A 100,000-SF warehouse in south Little Rock changed hands in a $1 million sale.

Ben Davis purchased the Western Food facility at 4717 Asher Ave. from Sysco USA II LLC of Houston, Texas.

The deal is financed with a five-year loan of $1.05 million from One Bank & Trust of Little Rock.

Sysco bought the 10.4-acre development for $3.5 million in December 2005 from Western Foods Inc., led by Anthony Huffman.

 

Multifamily Sale

 

 

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