Allstate Building Sells in $2.1M Transaction (Real Deals)

by George Waldon  on Monday, Sep. 9, 2013 12:00 am  

St. Francis Packaging at 9121 Sibley Hole Road in Little Rock. (Photo by Jason Burt)

A 24,567-SF office building in west Little Rock tipped the scales at $2.1 million.

203 Executive Court LLC, led by Neil Pennington, bought the 201 Executive Court project.

The seller is Allstate Building Partnership, composed of Terry Moore & Associates and the Lawrence H. Schmieding Revocable Trust.

The deal is backed with a 10-year loan of $2.8 million from IberiaBank of Lafayette, La.

The 2.08-acre site was purchased in February 1981 as a part of a $95,000 transaction with Mark and Inza Weedman.

Package Deal

A 23,975-SF industrial facility in southwest Little Rock changed hands in a $1 million sale.

Fortege LLC, led by Ricardo Estrada, acquired the St. Francis Packaging facility at 9121 Sibley Hole Road. The seller is St. Francis Packaging LLC, led by Patrick Beck.

The transaction is financed with a 15-year loan of $1.4 million from Whitney Bank of New Orleans.

The 11.3-acre development previously helped secure three March 2008 mortgages totaling $3.5 million held by Pulaski Bank & Trust of Little Rock.

St. Francis Packaging bought the property for $1.9 million more than five years ago from Greg and Susan Acord.

TRL Acquisition

A 2.9-acre property in west Little Rock rang up a $535,000 deal.

TRL Properties LLC, led by Todd Havens, purchased the property at 12418-20 Cantrell Road from the John E. Moore Revocable Trust and Jeannie Buice.

The one-time home of Moore Mort-gage previously was tied to an October 2011 mortgage of $275,000 from Delta Trust & Bank of Little Rock.

The property was assembled in two deals totaling $186,800.

The sellers were Kevin and Ellen Dugan, $120,000 in June 1996, and the United States of America, $66,800 in December 1997.

The second property was forfeited to Uncle Sam in March 1997 by Travis Atterberry.

Arbors Abode

A 4,688-SF home in The Arbors neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $705,000 sale.

Steven and Caryn Smith bought the house from Thomas and Christi Rao. The deal is funded with a 30-year loan of $529,500 and a 20-year loan of $70,500 from Regions Bank of Birmingham, Ala.

The residence previously was linked with two November 2010 mortgages totaling $529,000 held by Metropolitan National Bank of Little Rock.

The Raos purchased the house from Ronald and Linda Crawford nearly three years ago for $660,000.

Maisons Home

A 5,528-SF home in the Maisons neighborhood of west Little Rock’s Chenal Valley development sold for $673,000. Rongsheng and Ye Cai ac-quired the house from William Walker Jr. and his wife, Sharon.

The deal is backed with a 30-year loan of $537,800 and a 25-year loan of $67,225 from U.S. Bank of Cincinnati. The residence previously was tied to a May 2011 mortgage of $477,450 held by the bank.

The Walkers bought the property for $695,000 in November 2005 from Coburn Construction LLC, led by Roger Coburn Jr.

Sezanne Residence

A 5,147-SF home in the Sezanne neighborhood of west Little Rock’s Chenal Valley development drew a $670,000 transaction. Shawn and Janetta Andrews purchased the house from Michael and Theresa Huber.

The residence previously was linked with a November 2011 mortgage of $417,000 and a September 2012 mortgage of $190,000 held by Arvest Bank of Fayetteville.

The Hubers acquired the property for $650,000 in May 2008 from Mark Baker Custom Homes Inc.



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