Main Street Lofts Redevelopment Spurs $1.5 Million Sale (Real Deals)

by George Waldon  on Monday, Nov. 26, 2012 12:00 am  

The 12-story Boyle Building anchors the north end of Main Street Lofts. (Photo by Michael Pirnique)

That $275,000 transaction added up to $142,000 cash and the assumption of a $133,000 mortgage.

Kum & Go Site

A 2.31-acre convenience store site in North Little Rock tipped the scales at $1.1 million.

KG Store 152 LLC of West Des Moines, Iowa, purchased the location at the southeast corner of Springhill Drive and Smokey Lane from Wood Crest Co. LLP, led by James P. Matthews.

The land was part of the 400-acre Springhill Farm the Matthews family bought in August 1959. John and Martha Matthews acquired it from Fred and Katherine Watkins for $250,000.

Northshore Land

Construction of a 15,000-SF office building in North Little Rock is following a $427,000 land deal.

Northshore Court Plaza LLC, led by Stephen Tucker and Brad Harper, acquired the 2.06-acre site at the southeast corner of North Shore Drive and North Shore Court. The seller is Northshore Medical Park LLC, led by John Kincaid.

Construction of the Arkansas Physicians Management project is funded with a seven-year loan of $2.27 million from First National Bank of Hot Springs.

The land was purchased in September 2008 as part of a $787,000 deal with North Shore Business Park Group LLC, led by Sam Perroni.

Scott Equipment Buy

A 6.97-acre commercial property in southwest Little Rock changed hands in a $616,000 deal.

 

 

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