WLR Patio Home Project Starts With $1.7M Buy (Real Deals)

by George Waldon  on Monday, Jan. 7, 2013 12:00 am  

A patio home project in west Little Rock is in motion after a $1.7 million land deal.

C.J. Pace Construction LLC, led by James Pace, acquired 15.6 acres near the northwest corner of Cantrell Road and Patrick Country Road.

The seller is FC Grass Farms LLC, led by Ed Willis.

The deal is financed with an 18-month loan of $2.03 million from Little Rock’s Bank of the Ozarks.

FC Grass Farms purchased the property as part of deals totaling $1.1 million.

The sellers were Phillip Elkins in August 1994, $681,000, and the estate of Patrick Henry Sullivan in August 2000, $419,000.

Harley Transaction

A motorcycle dealership in southwest Little Rock changed hands in a $1.3 million sale.

I30 HD LLC, led by Steve Landers Sr., Paul Hart, Mark McLarty, Franklin McLarty and Charles Cummings, bought the 19,000-SF Jones Harley facility at 10300 Interstate 30.

The seller is Partners Land Development II LLC.

The limited liability company is an affiliate of Little Rock’s Hickingbotham Investments, led by Frank, Herren and Todd Hickingbotham.

The deal is backed with a 10-year loan of $1.1 million from Regions Bank of Birmingham, Ala.



Please read our comments policy before commenting.