Mohr's Maumelle Buy Closes at $5.4 Million (Real Deals)

by George Waldon  on Monday, Jul. 29, 2013 12:00 am  

Scholastic Distribution at 1 Champs Blvd. in Maumelle.  (Photo by Mauren Kennedy)

Robert and Gaye Lanford acquired the house from Catherine Hamilton Mayton and her husband, Michael, and Susan Hamilton Johnson and her husband, Ector.

The Maxine B. Hamilton Trust bought the property for $480,000 in January 2002 from the Marcelline E. Giroir Revocable Trust.

Storage Funding

An 87,500-SF cold storage facility in North Little Rock was used to help secure a $30 million funding agreement.

North Little Rock 1400 LLC of Downey, Calif., obtained the three-year loan from Bank of America in Charlotte, N.C.

The limited liability company purchased the 1400 Gregory St. project for $1.56 million in December 2012 from Frostyaire of Arkansas Inc., led by James Thomas Jr.

USO Refinance

The owner of a 35,100-SF medical office building in west Little Rock picked up a $4.8 million financial package.

Williams USO Building LLC, led by Dr. Alonzo Williams, received the five-year loan from Arvest Bank of Fayetteville.

The U.S. Orthopedic Building at 8907 Kanis Road previously was tied to an April 2008 mortgage of $5.7 million held by Pulaski Bank & Trust.

The nearly 2-acre property was as-sembled in three buys totaling more than $280,000. The sellers were Arkansas Systems Inc., led by James Hendren, $167,300 in January 1996, and Baptist Health, $45,750 in July 1996 and $67,000 in August 2005.

Multifamily Mortgage



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