John Deere Dealership Attracts $3.85M Sale (Real Deals)

by George Waldon  on Monday, Feb. 4, 2013 12:00 am  

A John Deere dealership in the Otter Creek area of Little Rock tipped the scales at $3.85 million. Stribling Equipment LLC of Richland, Miss., bought the 47.25-acre Warrior of Arkansas Inc. spread at 10601 Otter Creek East Blvd.

The seller is Alawest-Al LLC of North-port, Ala. The deal is funded with a $2.85 million loan from Alabama 1031 Property Exchange Inc. of Mobile.

Alawest acquired the land in March 2006 as part of a $1.4 million deal with Bird Cold Storage Partnership, led by Robert and Sam Vogel.

Entergy Acquisition

Land adjoining a west Little Rock substation changed hands in an $800,000 sale.

Entergy Arkansas Inc. purchased 2.7 acres near the northwest corner of Kanis Road and Chenal Parkway from BNT Properties Corp., led by Bill Cobb.

The property previously was tied to a January 2010 mortgage of $126,000 held by Centennial Bank of Conway.

BNT bought the property for $313,000 three years ago from Louis Wolters Jr.

Retail Rail Land

A subsidiary of the nation’s largest retailer acquired a piece of a leased Little Rock location in a $350,000 transaction.

Wal-Mart Real Estate Business Trust of Bentonville bought a 1.02-acre strip of land that runs along the northern perimeter of the neighborhood market site at 2510 Cantrell Road.

The seller is Little Rock & Western Railway Ltd., led by Gerald Gates.



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