Redevelopment Trails $3 Million Retail Sale (Real Deals)

by Arkansas Business Staff  on Monday, Aug. 19, 2013 12:00 am  

Demolition has begun on the former Brandon House Furniture showroom in Little Rock.  (Photo by Luke Jones)

Cadena Contracting Inc., led by Jac-quelyn Cadena, bought the land for $300,000 in October 2003 from Delta-Coleman Inc., a predecessor of Fendley Properties.

Cadena Contracting of North Little Rock filed for Chapter 7 bankruptcy in May 2011.

Charitable Deal

Nonprofits were on either side of a $200,000 transaction.

Ronald McDonald House Charities of Arkansas acquired the 1021 Martin Luther King Blvd. property from Arkansas Children’s Hospital.

The 0.86-acre property was donated to the hospital in December 1998 by Betty Prousnitzer.

Sologne Residence

A 5,800-SF home in west Little Rock’s Sologne Circle neighborhood tipped the scales at $1.33 million.

Rayburn and Angela Rego bought the house from Little Rock’s Carl Gray Henson Inc.

The deal is financed with a 30-year loan of $960,000 from Wells Fargo Bank of Sioux Falls, S.D.

The residence previously was tied to a January 2012 mortgage of $942,572 held by Regions Bank of Birmingham, Ala.

The property was acquired for $388,000 in October 2011 from Larry and Patsy Bixler.



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