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

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

Shermer bought the property for $260,000 in May 2004 from the Barry Joseph Jewell & Heather Michelle Jewell Living Revocable Trust.

Parham Pointe Funding

The owner of a 184-unit apartment project in west Little Rock landed an $11.1 million funding agreement.

LFC Properties LLC, led by E. Harley Cox, obtained the 40-year loan from CBRE HMF Inc. of Boston.

The 13.7-acre Parham Pointe Apartments development at 1500 Parham Pointe Drive previously was tied to an April 2002 mortgage of $11 million held by Greystone Servicing Corp. of Warrenton, Va.

The land was assembled as part of two buys totaling $261,580 in March 1984. The sellers were John Toney Sr. and his wife, Mary, $232,000; and Barbara Caldwell, $29,580.

Plaza Mortgage

A 10,075-SF commercial project in Maumelle is backing a $3.04 million financial package.

The Harold E. Crye Revocable Living Trust received the five-year loan from Summit Bank of Arkadelphia.

The 0.92-acre Crye Leike Plaza development at 123 Audubon Drive previously was linked with a June 2008 mortgage of $1.1 million.

The trust acquired the site for $400,000 in September 2005 from Phillips Development Corp., led by Elizabeth Small.

Apartment Financing



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