Deltic Acreage Adds Up To $2.5 Million Buy (Real Deals)

by George Waldon  on Monday, May. 13, 2013 12:00 am  

Tenant turned owner at the Innerplan facility in North Little Rock. (Photo by Jason Burt)

The sale of a 37-acre tract in west Little Rock tipped the scales at $2.4 million.

Deltic Timber Corp. of El Dorado bought the land east of Rahling Road and south of Pebble Beach Estates from Agar/Shuffield Joint Venture, led by Elvin Shuffield.

Deltic also acquired a 1-acre parcel in the area from Shuffield in a separate $100,000 deal.

The 37-acre tract was purchased for $314,000 in September 1987 from Big K Development Corp., led by Kelton Brown. The other parcel was bought for $70,000 in May 2009 from Pleas Jones Jr.

Innerplan Purchase

A 19,712-SF office warehouse facility in North Little Rock changed hands in a $1.8 million transaction.

North Little Rock Ventures LLC, led by Roger McMennamy, purchased the 2.5-acre Innerplan project at 7001 Innerplan Drive. The seller is NSHE Clay LLC, led by James Narup.

The deal is financed with a 10-year loan of $1.7 million from NSHE.

The land was part of a 10.7-acre tract bought for $1.1 million in September 2004 from Lee and Martha Kierre.

Dental Redevelopment

A former USA Drug property is under new ownership after a $759,000 deal.

Turcios & Zarruk Dental, led by Jose Turcios and Patricia Zarruk, acquired the 215 N. Bowman Road project. The seller is AJMATS-LP AR Properties LLC, led by Jason LaFrance.



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