Albert Pike Apartments Acquired for $3.6M (Real Deals)

by George Waldon  on Monday, Aug. 5, 2013 12:00 am  

The Albert Pike Hotel in downtown Little Rock is undergoing an extensive renovation after new ownership visited the apartment project. (Photo by Mauren Kennedy)

The 20.9-acre development at 8400 Ranch Blvd. was previously tied to a July 2008 mortgage of $3.5 million held by Little Rock’s Bank of the Ozarks.

The school bought the location for $420,000 in June 1991 from Ranch Properties Inc., led by Ed Willis.

Parts Refinancing

A 105,844-SF warehouse project in North Little Rock was refinanced with a $3.35 million mortgage.

Alliance Parts Warehouse LLC, led by Jerry “Dean” Toole, got the 10-year loan from Regions Bank.

The 20.9-acre development at 600 Fiber Optic Drive previously was linked with a May 2006 mortgage of $4 million held by the bank.

The site was purchased for $525,000 in March 2006 from I-440 Business Fiberpark LLC, led by Shirley Wilcox.

Million-Dollar Construction

Lakewood Elementary School    $12,500,000
1800 Fairway Ave., North Little Rock
Baldwin & Shell Construction Co., Little Rock

LA Fitness    $1,750,000
11700 Chenal Parkway, Little Rock
Mycon General Contractors Inc., McKinney, Texas

Bale Chevrolet Renovation    $1,200,000
13101 Chenal Parkway, Little Rock
Nabholz Construction Corp., Conway



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