Days Inn Follows $2.5 Million Sale (Real Deals)

by George Waldon  on Monday, Oct. 28, 2013 12:00 am  

The former La Quinta Inn at 901 Fair Park Blvd. in midtown Little Rock was rebranded as a Days Inn in the wake of a $2.5 million sale. (Photo by Jason Burt)

Metropolitan purchased the land for $841,000 in March 2006 from Woodcrest Co. LLP, led by James Matthews.

Office Transaction

A 2,675-SF office building in midtown Little Rock is under new ownership after a $477,000 transaction. BFJW Properties LLC, led by Tim Johnson and Mark Watkins, bought the 5420 W. Markham St. project. The seller is F&F Associates LLC, led by Gregory Foster and Richard Fleming.

The deal is funded with a $467,500 loan from Bank of Rison (Cleveland County).

The 0.3-acre development previously was tied to a November 2008 mortgage of $149,655 held by Pulaski Bank & Trust of Little Rock.

The property was acquired for $65,000 in April 1995 by St. Vincent Development Foundation.

Apartment Sale

A 12-unit apartment project in midtown Little Rock changed hands in a $350,000 sale.

Scott Street Apartments LLC, led by Jason Bolden, purchased 19th Street Apartments at 5919 W. 19th St. The seller is KMN Properties LLC, led by Kevin Nutting.

The deal is backed with a $310,000 loan from Central Bank of Little Rock. The 0.53-acre development previously was linked with a November 2012 mortgage of $225,000 from First Arkansas Bank & Trust of Jacksonville.

The property was bought for $360,000 in November 2002 from the James S. Scott & Betty L. Scott Living Trust.

Waffle Acquisition



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