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)

The Anne W. Maxey Revocable Trust bought the home from the Quercus Circle Trust, led by Judith Tenenbaum.

Tenenbaum purchased the residence for $772,000 in August 2006 from Rees Development Inc., led by John Rees.

Courts Residence

A 4,692-SF home in The Courts neighborhood of west Little Rock’s Chenal Valley development rang up a $535,000 sale.

Samer Thalji acquired the house from Randall and Kelly Balliet. The deal is financed with a 15-year loan of $400,000 from Centennial Bank.

The residence previously was linked with July 2008 mortgages totaling $467,000 held by Magna Bank of Memphis.

The Balliets bought the property for $602,000 in July 2008.

The seller was the Funderburk Living Trust, led by Charles Funderburk II and his wife, Holly.

Dealer Financing

A west Little Rock auto dealership is backed with a $6 million financial package.

Crain Investments Ltd., led by Larry Crain Sr., received the 10-year loan from Bank of America in Charlotte, N.C.

The 9-acre Crain Ford site at 4601 Col. Glenn Plaza Drive was purchased for $3.2 million in October 2010.



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