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.



Please read our comments policy before commenting.

Latest Arkansas Business Poll

Do you approve of the president taking executive action on immigration?