Mosaic Church Acquisition Adds Up to $1.7 Million (Real Deals)

by George Waldon  on Monday, Apr. 15, 2013 12:00 am  

The former Kmart store near the southwest corner of Asher and University avenues in south Little Rock is now church property.  (Photo by Jason Burt)

The owner of more than 24 acres in downtown North Little Rock landed a $2.25 million financial package.

North Bluffs Development Corp., led by Lisa Ferrell, received the loan from First National Bank of Hope.

The land is along River Road, south and east of the Riverside at Rockwater apartment project.

The property was assembled as part of four deals with the Airetech Corp. Profit Sharing Trust, $574,000 in March 2004; Paul and Karin Briscoe, $574,000 in March 2004; Shirley Held, $405,000 in May 2004; and Floral Properties Partnership, led by John Kincannon, $489,000 in June 2004.



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