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

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

The 3.06-acre development previously was tied to a November 2007 loan of $1.95 million from Bank of America in Charlotte, N.C.

The project was acquired for $1.95 million five years ago from J&J Family Ltd., led by Emmett Jones.

Grocery Sale

A neighborhood grocery store in North Little Rock sold for $313,000. Saed Qatoum and Amjad Kattom purchased the Handi-Pantry IGA Food Store at 124 Eureka Gardens Road.

The deal is funded with a $100,000 mortgage provided by the seller: Handi-Pantry Inc., led by Bill Wagley.

The property was assembled as part of three deals totaling $61,000. The sellers were Vester and Martha Jenkins, $35,000 in March 1970; Oliver and Letha Cossey, $1,000 in September 1976; and the heirs of Oliver Cossey, $25,000 in April 1996.

Rural Transaction

About 97 acres in north Pulaski County rang up a $281,000 transaction.

Lone’s Jacksonville Inc., led by Shahila Lone, bought the land near the southeast corner of Military Road and Southeastern Avenue.

The seller is Arkansas Emergency Transport LLC, led by Roger and Vicki Hosman. The deal is financed with a $224,000 loan from Centennial Bank of Conway.

The property previously was linked with a November 2010 mortgage of $472,508 held by First Arkansas Bank & Trust of Jacksonville.

The land was assembled in two deals totaling $225,000. The sellers were John McNee, $150,000 in February 1991, and John Hancock Mutual Life Insurance Co. of Boston, $75,000 in April 1992.



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