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

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

Rural Warehouse

A 4,680-SF warehouse on the south-ern outskirts of Little Rock drew a $201,000 sale.

Central City Properties LLC, led by Germain Jimenez, bought the 1821 Jennings Road project. The seller is Jennings Road LLC, led by Chris Maris and Wes Crank.

The deal is financed with a two-year loan of $88,000 from Bank of Little Rock. The 8-acre development previously was tied to a February 2010 mortgage of $130,000 held by One Bank & Trust of Little Rock.

The property was acquired for $130,000 nearly four years ago from the Patricia Halbrook Living Trust.

Estates Sale

A 6,985-SF manor in west Little Rock’s Valley Falls Estates neighbor-hood tipped the scales at $1.35 million.

Grant and Amanda Patterson purchased the house from the Gene Graves Revocable Trust.

The residence previously was linked with a November 2009 mortgage of $950,000 and a November 2012 mortgage of $566,000 held by Delta Trust & Bank.

Graves bought the property for $1.5 million in November 2009 from Markus Homes Inc., led by Melinda Markus.

Ridgehaven Residence

A 4,719-SF home in west Little Rock changed hands in an $842,000 sale.



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