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)

A 22-unit apartment project in North Little Rock sold for $500,000.

Latona Apartments LLC, led by James George, purchased its namesake property at 112-116 Latona Lane from James and Jackie Hendricks.

The deal is backed with a $500,000 loan from First Federal Bank of Harrison. The 0.9-acre development previously was tied to a March 2007 mortgage of $280,000 held by Simmons First Bank of Pine Bluff.

The property was bought for $243,000 in May 2001 from Terry and Gina Hartwick.

Tenant Turns Owner

A North Little Rock bank branch drew a $225,000 transaction.

Centennial Bank of Conway acquired its 3811 MacArthur Drive location from Witkowski Family Ltd., led by Ruth Witkowski.

The Witkowski family purchased the site in February 1945 as part of a $1,500 deal with Georgia Shipton.

Deauville Manor

A 5,851-SF home in the Deauville neighborhood of west Little Rock’s Chenal Valley development changed hands in a $995,000 sale.

Robert Russell Jr. and his wife, Amelia, bought the house from Robert Clancy Jr. and his wife, Debbie.

The deal is financed with a 30-year loan of $796,000 from Centennial Bank. The residence previously was linked with an April 2010 mortgage of $768,000 held by U.S. Bank of Cincinnati.



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