Super 8 Transformation Follows $2.6M Purchase (Real Deals)

by George Waldon  on Monday, Nov. 4, 2013 12:00 am  

Rebranding to a Super 8 accompanied the sale of the former La Quinta Inn at 11701 Interstate 30 in Little Rock.  (Photo by Jason Burt)

Lamarche Property

A 4,632-SF home in the Lamarche Place neighborhood of west Little Rock’s Chenal Valley development drew a $525,000 sale.

Craig and Nancy Comish bought the house from Randall and Lisa Alberius. The deal is backed with a 30-year loan of $417,000 from Regions Bank of Birmingham, Ala.

The residence previously was tied to March 2007 mortgages of $350,000 and $106,400 held by Metropolitan National Bank of Little Rock.

The site was purchased for $62,000 in August 2000 from Deltic Timber Corp. of El Dorado.

Penney’s Financing

A 103,765-SF store in west Little Rock was used to help secure a $2.2 billion funding agreement.

J.C. Penney Properties Inc. of Plano, Texas, obtained the five-year loan from Goldman Sachs Bank USA of New York.

The 9.96-acre site at 2600 S. Shackleford Road was acquired for $903,000 in February 2007 from Shackleford Crossings LLC, led by Steve Clary.

Inn Mortgage

A 119-room Hampton Inn & Suites project in downtown Little Rock is backing a $15.6 million mortgage.

MHG Little Rock HN Ltd. of Gainesville, Ga., an affiliate of McKibbon Hotel Group, got the 10-year loan from Regions Bank.



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