Jacksonville Apartments Add Up to $4.7M Sale (Real Deals)

by George Waldon  on Monday, Dec. 17, 2012 12:00 am  

Royal Chalet Apartments, Jacksonville.  (Photo by Jason Burt)

Bank of England purchased the 11th floor of The Residences at Building 5 from Arkansas Riverview Development LLC, led by Brad Canada.

The Canada family, leading stockholders in the bank, purchased the half-acre development at 5 Statehouse Plaza through the limited liability company and added five stories to it.

Bank of England owns and occupies the fifth and sixth floors, totaling 12,880 SF.

The property was acquired for $950,000 in April 2004 from the Arkansas Bar Foundation.

Office Purchase

A 2,814-SF office building in west Little Rock drew a $275,000 transaction.

Raymond Chong bought the 10401 W. Markham St. project from Williams Company Management LLC, led by Carole Canino.

The 0.61-acre development previously was linked with a May 2008 mortgage of $132,000 held by Arvest Bank of Fayetteville.

The property was purchased for $190,000 in November 2002 from E.M. Fryxell.

Harvey Land

A 16.69-acre parcel in west Little Rock rang up a $266,000 sale.

Richardson Investments Management LLC, led by Keith Richardson, acquired the land near the southeast corner of 36th Street and Bowman Road. The seller is J. Paulette Inc., led by Bonnie Harvey.



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