New Kanis Plaza Owner Arrives in $1.5M Sale (Real Deals)

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

The property previously was linked with an April 2012 mortgage of $450,000 held by Little Rock’s Bank of the Ozarks.

Java Acquisition

A coffee shop project in North Little Rock changed hands in a $501,000 transaction.

Shree Hari Conway Properties LLC, led by Nilesh Patel, purchased the Java Roasting property at 6725 John F. Kennedy Blvd.

The seller is Java Roasting At Indian Hills LLC, led by Richard King. The deal is financed with an $820,000 loan from Delta Trust & Bank of Little Rock.

The 0.57-acre development previously was tied to a June 2010 mortgage of $565,438 held by Arvest Bank of Fayetteville.

The land is part of the original 4-acre Indian Hills Baptist Church location acquired by the church for $35,000 in May 1962 from Winrock Enterprises Inc.

Mountain Terrace Land

An 11.89-acre residential tract in Maumelle’s Mountain Terrace project sold for $440,000.

Wayne Moore Construction Co. of Little Rock bought the land on Mountain Terrace Circle from One Bank & Trust of Little Rock.

The deal is backed with a five-year loan of $1.2 million from the bank.

One Bank recovered the property from Lifestyle Communities LLC, led by Tony Meredith, in July 2010 as part of a $1.3 million foreclosure sale.



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