McCain Place Building Draws $2 Million Sale (Real Deals)

by George Waldon  on Monday, Nov. 25, 2013 12:00 am  

The McCain Place Building at 2504 McCain Blvd. in North Little Rock was added to First Security Bank’s real estate portfolio in a $2 million transaction. (Photo by Jason Burt)

A 30,400-SF office building in North Little Rock tipped the scales at $2 million.

First Security Bank of Searcy purchased the McCain Place Building at 2504 McCain Blvd. from Woodcrest Co. LLP, led by James Matthews.

The 1.65-acre development previously was tied to an August 2006 mortgage of $1.2 million held by Thrivent Financial for Lutherans of Minneapolis, an April 2013 mortgage of $450,000 held by Centennial Bank of Conway and a May 2013 mortgage of $207,705 held by Bear Claw Construction Management LLC of Kansas City, Mo.

The Matthews family acquired the land in January 1925 as part of a $16,000 transaction with Martha Pratt.

Dollar General Buy

A Dollar General store in Sherwood is under new ownership after a $1.24 million sale.

Realty Income Properties 25 LLC of Escondido, Calif., bought the 17805 Batesville Pike project from PB General Holdings (Sherwood) LLC, led by Leonard Boen.

The 1.5-acre development previously was linked with a September 2012 mortgage of $880,000 held by Summit Bank of Arkadelphia.

PB General Holdings purchased the location for $239,000 14 months ago from Billy and Linda Morden.

Family Dollar Deal

A Family Dollar store in downtown North Little Rock is under construction following a $402,000 transaction between related Charlotte, N.C., entities.

WF-FD Master Lease II LLC acquired the 715 E. Broadway location from Family Dollar Stores of Arkansas Inc.



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