LaFrance Property Trio Valued at $6.9M (Real Deals)

by George Waldon  on Monday, Jan. 14, 2013 12:00 am  

The residence previously was linked with an October 2002 mortgage of $200,000 originated by Moore Mortgage Inc. of Little Rock and a March 2012 mortgage of $200,000 held by Summit Bank. The site was acquired for $33,000 in January 2001 from Angie and Dennis Cooper.

Hotel Construction

Construction of a Residence Inn by Marriott in downtown Little Rock is in motion with a $5 million financial package. Clinton-Commerce LLC, led by John McKibbon, obtained the five-year loan from First Security Bank of Searcy.

The 0.46-acre site at 219 River Market Ave. previously was tied to a January 2009 mortgage of $1.22 million held by the bank.

The location was purchased for $1.52 million four years ago from Arkansas Democrat-Gazette Inc., led by Walter Hussman Jr.

Seven-Digit Quartet

An apartment project, a motel, a medical office building and undeveloped land all generated seven-digit deals in Pulaski County.

Asbury Park Apartments Ltd. of Knoxville, Tenn., bought its namesake 106-unit complex at 8500 Keller Drive in Little Rock for $3.2 million. Seller: Kanis Properties Ltd. of Atlanta.

Shree Ganesh Krupa Inc., led by Chandrika Patel, purchased the 58-room Super 8 motel at 1850 John Harden Drive in Jacksonville for $2.1 million. Seller: J&R Associates Inc. of Jacksonville, led by Jitrendrakumar Patel.

Brauvin Net Lease LLC of Chicago acquired the 6,300-SF Internal Medicine Clinic Building at 5320 12th St. in Little Rock. Seller: Southeast Medical Little Rock LLC of Birmingham, Ala.

Northwood Creek LLC, led by David Haas, Steven Molpus, Steven Pascoe and Roy Yelenich, took ownership of a 20.5-acre tract on Counts Massie Road in North Little Rock in a $1.1 million transaction. Seller: JKGS LLC, led by Karen Greenfield.



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