Alltel Office Building Draws $12 Million Sale (Real Deals)

by George Waldon  on Monday, Jan. 13, 2014 12:00 am  

I-40 RV Land LLC, led by Paul Minton, bought the 6301 Forbing Road project from New Life Church of Arkansas Inc.

The deal is backed with a three-year loan of $370,000 from First Security Bank.

The 7.49-acre development was do-nated to the church in October 2012 by Fletcher Realty No. 2 LLC, led by Frank Fletcher Jr.

Hillcrest Buy

A 4,128-SF commercial project in the Hillcrest area of Little Rock rang up a $378,000 transaction.

2911 Kavanaugh LLC, led by Donna Barnett and Blake Smith, purchased its namesake property. The seller is RWL Investments LLC, led by Ron Lazenby.

The deal is funded with a $467,500 loan from Delta Trust & Bank of Little Rock.

The 0.13-acre development at 2911 Kavanaugh Blvd. was bought for $140,000 in May 1995 from the estate of Andre Simon.

Apartment Land

A 10-acre parcel in west Little Rock is under new ownership after a $225,000 deal.

Richsmith Holdings LLC, led by Keith Richardson and Arby Smith, acquired the land at the north end of Dover Drive. The seller is Hospice Foundation of Arkansas Inc., led by Judith Wooten.

The property was purchased in September 1995 as part of a $202,000 deal with the Ecumenical Retirement Center Foundation Inc.



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