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)

Hanner Properties-Arkansas LLC, led by John Hanner, received a five-year loan of $2.37 million and a four-year loan of $353,000 from Wells Fargo Bank of Sioux Falls, S.D.

The 3.9-acre Waterford Creek development at 120-140 John Harden Drive previously was tied to an August 2006 mortgage of $3 million held by Century Bank of Texarkana, Texas.

The land was assembled in two transactions totaling $415,000. The sellers were Haskins Family Ltd., led by John Haskins, $350,000 in July 2003, and Rebsamen Medical Center Inc., $65,000 in August 2006.

Foxglen Note

The owner of a 96-unit apartment project in west Little Rock picked up a $2.18 million mortgage.

Foxglen Associates, led by John Flake, got the 22-year loan from Wells Fargo Bank.

The 5.64-acre Foxglen development at 8100 Cantrell Road previously was linked with a February 2002 mortgage of $2.18 million held by Reilly Mortgage Group Inc. of McLean, Va.

The location was acquired for $80,000 in March 1980 from the city of Little Rock.



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