Harco Leading Dealership (Real Deals)

by Paul Gatling  on Wednesday, Nov. 21, 2012 9:50 am  

C Holdings bought the land from the Washington County Property Owner Improvement District No. 7.

The property initially belonged to LynnKohn LLC, led by developers Barber and Seth Kaffka. Development of the 57-lot subdivision on 32 acres began in 2005.

Barber filed for Chapter 11 bankruptcy of his LynnKohn LLC in August 2008.

He listed $3.1 million worth of unsold lots in Sloan Estates.

The Bank of Fayetteville and Chambers Bank each held mortgages on the property for $1.7 million and $1.3 million, respectively.


Poultry Property

A poultry farm in Lincoln drew a $1 million sale recently.

Dung Nguyen bought the 39.08-acre property on Mortenson Road from Koua and Chong Lee.

First Financial Bank in Fayetteville financed the deal with a mortgage worth $1.05 million.

The property includes a 1,680-SF house built in 1991 and 10 chicken houses.

Submit tips about lease activity, construction, transactions or upcoming projects valued at $300,000 or more to Paul Gatling at pgatling@nwabj.com. Please write ‘Real Deals’ in the subject line.



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