Sherwood Convenience Store Rings Up $2.8M Transaction (Real Deals)

by George Waldon  on Monday, Jan. 28, 2013 12:00 am  

The 0.54-acre location was purchased for $76,000 in December 1996 from Donald and Howard Norton.

Riverbend Residence

A 3,685-SF home in the Riverbend neighborhood of Little Rock sold for $750,000.

Ginanne Long bought the residence in the Riverdale area from Constance and William Bowen.

The Bowens acquired the property for $1.15 million in April 2006.

The seller was The Mitchell Family Revocable Trust, led by Maurice and Elizabeth Mitchell.

Bailey Financing

Four apartment projects in Pulaski County were used to secure an $18.3 million funding agreement.

Bailey Properties LLC, led by John Bailey, obtained the financial package from Bank of America in Charlotte, N.C.

The apartments encompass three west Little Rock properties: the 256-unit Waterford project at 701 Green Mountain Drive, 80-unit Bowman Heights project at 420 Markham Mesa Place and 52-unit Markham Oaks project at 8118 W. Markham St. The fourth project is the 170-unit Indian Hills Apartments complex at 2011 Aztec Drive in North Little Rock.

The properties previously were linked with a June 2002 mortgage of $7.5 million, a February 2006 mortgage of $6.5 million, a March 2008 mortgage of $1.7 million and a July 2009 mortgage of $1.2 million all held by Regions Bank of Birmingham, Ala.

The 13.1-acre Waterford development was purchased for $6.8 million in April 1993 from BRW Real Estate Operating Co. Ltd. of Dallas.



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