Gene Cauley Properties Still Finding Buyers

by Arkansas Business Staff  on Monday, Nov. 26, 2012 12:00 am  

Gene Cauley

The former lawyer who specialized in class-action securities cases is scheduled to be released from federal prison in April 2016.

More Cauley Flotsam

While scoping out the Bowman Plaza deal, we came across some more former Cauley property that found its way to the ownership of Stephen LaFrance Jr. and his brother, Jason.

The tandem March 2010 transactions each weighed in at $4 million but got lost in the shuffle of Cauley’s great real estate liquidation.

CG Corporate LLC, led by the LaFrance brothers, purchased the two 61,500-SF warehouses at 10600 and 10620 Col. Glenn Road from two Cauley-controlled entities.

These projects, as well as the Bowman Plaza buildings, were developed by Leonard Boen.

The LaFrance brothers hold a 51 percent stake in CG Corporate. Other investors include Mid Corp Investments LLC, led by Larry and Mark Middleton, 13 percent; Jayhawk Holdings LLC, led by Joe Courtright, 13 percent; and K&D Huchingson LLLP, led by Kevin and Dianna Huchingson, 9 percent.

Rounding out the CG Corporate investors are TOCS Investments LLC, which is led by Dr. Scott Schlesinger, 8 percent; CJC Properties LLC, led by Paul Hart, 4 percent; and John Pierron, 2 percent.

 

 

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