Three Financial Centre Sells for $12.3 Million (Real Deals)

by Arkansas Business Staff  on Monday, Jan. 20, 2014 12:00 am  

A change of ownership visited the Three Financial Centre office building at 900 S. Shackleford Road in west Little Rock. (Photo by Jason Burt)

Warehouse Development

A 10.7-acre commercial site in North Little Rock drew a $335,303 transaction.

LDG 1031 Holdings LLC, led by Richard Barrett, purchased the land at 11250 Smitty Lane. The seller is D&B Commercial Park LLC, led by James Dietz.

Development of a Hank’s Furniture Distribution Center is backed with a $5.3 million loan from HCB LLLP, led by Steven Roberts.

D&B bought the property for $1.05 million ($9,000 per acre) in June 2001 as part of a 117-acre deal with I-440 Business Fiberpark LLC, led by George Wilcox.

Retail Location

A 0.98-acre site for a Dollar General project in Alexander sold for $200,000.

PB General Holdings (Alexander II) LLC, led by Scott Proctor and Leonard Boen, acquired the land on the south side of Second Street between Main and Highway 111. The seller is Alexander Road LLC, led by Tommy Lasiter.

Construction is funded with a $912,000 loan from First Federal Bank of Harrison. The land previously was used to help secure a September 2001 mortgage of $115,000 held by Citizens Bank of Batesville.

The limited liability company purchased the land as part of a $128,000 deal in March 1995 with Metropolitan National Bank of Little Rock.

Tower Property

A 0.35-acre cell-tower site in North Little Rock changed hands in a $200,000 deal.



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