Sherwood Retail Project Recycled in $1.2M Sale (Real Deals)

by Arkansas Business Staff  on Monday, Aug. 12, 2013 12:00 am  

The former Harvest Foods store at 4101 E. Kiehl Ave. in Sherwood. (Photo by Mauren Kennedy)

Randall and Lisa Breau acquired the house from Russell and Lydia James.

The residence previously was tied to a July 2004 mortgage of $750,000 held by Bank of America in Charlotte, N.C.

The James family purchased the location for $140,000 in December 2001 from Deltic Timber Corp. of El Dorado.

Overlook Residence

A 4,704-SF home in Little Rock’s Overlook Park neighborhood sold for $700,000.

Joseph and Paula Volpe bought the house from M.L. Squared Development LLC, led by Jeff Massey and D.M. Lewis.

The deal is funded with a 30-year loan of $238,000 from Bank of Little Rock Mortgage Corp.

The residence previously was linked with a December 2011 mortgage of $600,000 held by First Security Bank of Searcy.

The property was acquired for $445,000 in December 2011 from Dassault Falcon Jet Corp.

Downtown Condo

A 1,675-SF condo in downtown Little Rock drew a $625,000 sale.

John King III and his wife, Kelly, purchased the fifth-floor property in The Residence at Building 5 at 400 W. Markham St. from Michael and Susan Desselle.



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