Berwyn Square Sells In $800,000 Transaction (Real Deals)

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

A 64-unit apartment complex in southwest Little Rock changed hands in an $800,000 sale.

CO5 Properties LLC, led by Andrew and Jennifer Adkins, bought the Berwyn Square project at 6320 Butler Road.

The seller is One Bank & Trust of Little Rock.

The deal is funded with a 3.5-year loan of $1.25 million from the bank.

One Bank recovered the property from Kevin Tull and Patricia Tull in September 2011 at an $852,780 foreclosure sale.

The 2.26-acre development previously was tied to an August 2009 mortgage of $706,808 and an October 2008 mortgage of $146,000 held by One Bank.

The apartments were acquired for $800,000 in August 2002 from Berwyn Square Properties LLC, led by Alta Hale.

Retail Redevelopment

A former Rally’s location in North Little Rock is undergoing redevelopment after a $424,000 transaction.

PB General Holdings (Camp Robinson) LLC, led by Scott Proctor, purchased the 4523 Camp Robinson Road property from Twilight Enterprise Ltd. of Salt Lake City.

Construction of a Dollar General store is backed with a five-year loan of $1.04 million from Summit Bank of Arkadelphia.

Twilight Enterprise bought the property for $730,000 in June 2003 from Pentland USA Inc., led by Nahum Shar.



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