Bowman Plaza Sale Tops $10.1 Million (Real Deals)

by George Waldon  on Monday, Dec. 10, 2012 12:00 am  

Bowman Plaza I & II exited court-ordered caretaking  three years after Gene Cauley’s financial meltdown. (Photo by Jason Burt)

Warehouse Purchase

A 50,000-SF warehouse in east Little Rock rang up a $660,000 sale.

Peyton Properties LLC, led by William and Lisa Locke, acquired the 7424 Lindsey Road project from Min Weng.

The deal is funded with a three-year loan of $850,000 from Signature Bank of Springdale.

The 6-acre development previously was tied to a June 2006 mortgage of $1.39 million held by Metropolitan National Bank of Little Rock, supported by a August 2006 SBA loan of $640,000 through Six Bridges Capital Corp. of Little Rock.

Weng purchased the Little Rock Dis-tributing Co. property for $1.55 million more than six years ago from Ben and Diane Davis.

Convenient Acquisition

A North Little Rock convenience store is under new ownership after a $600,000 deal.

Gosen LLC, led by Joseph Park, bought the 5421 MacArthur Drive project from Kyong Son. The deal is funded with a five-year loan of $390,000 from BancorpSouth Bank of Tupelo, Miss.

The 0.49-acre Phillips 66 development previously was linked with a May 2004 mortgage of $400,000 held by North Little Rock’s National Bank of Arkansas.

The project was acquired for $600,000 more than eight years ago from Justin and Chong Kim.

Multifamily Buy

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Has the winter weather affected your business?