Maumelle Industrial Site Acquired for $1.3 Million (Real Deals)

by George Waldon  on Monday, Dec. 24, 2012 12:00 am  

Development of a 100,000-SF distribution facility is planned to follow a $1.3 million land deal in Maumelle.

Medline Industries Inc. of Mundelein, Ill., bought the 20-acre tract at the north end of Sharkey Drive from Burkhalter Leasing LLC, led by John Burkhalter.

The land previously was used to help secure an August 2006 mortgage of $1.25 million held by North Little Rock’s National Bank of Arkansas.

The property was purchased for $750,000 in July 2004 as part of a 97.4-acre deal with Ron Campbell.

Retail Space

A former Wal-Mart in Jacksonville changed hands in a $1.1 million transaction.

TLBT LLC, led by Tommy Lasiter and Bruce Thalheimer, acquired the 125,955-SF retail building at 612 N. J.P. Wright Loop Road.

The seller is Germania Property Investors IX Ltd. of Alpharetta, Ga. The deal is financed with a five-year loan of $750,000 from BancorpSouth Bank of Tupelo, Miss.

The limited partnership bought the 8.7-acre development for $3.3 million in July 1989 from King Rogers III and his wife, Judy.

Office Transaction

A 5,261-SF office building in downtown Little Rock is under new ownership after a $300,000 sale.

Noble Strategies Inc., led by Ben Noble, purchased the 1020 W. Third St. project. The seller is Darragh Investments Co., led by F. Kramer Darragh III. The deal is funded with a 10-year loan of $254,575 from Regions Bank of Birmingham.



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