Fuel Storage Facility Attracts $5M Sale (Real Deals)

by George Waldon  on Monday, Feb. 10, 2014 12:00 am  

The deal is financed with a $2.08 million loan from Independent Bank of Memphis.

CTRJ purchased the 2.99-acre development for $1.4 million in February 2002 from Burton Building Products Inc., led by Steven Burton.

Industrial Acquisition

A 44,778-SF industrial facility in Little Rock is under new ownership after a $774,000 transaction.

Allan Neil Properties Inc. of Florence, Ala., bought the 6901 Scott Hamilton Road project from Little Rock Paper Co., led by Dorothy Moffett.

The deal is backed with a four-year loan of $702,000 from Little Rock Paper Co.

LRPC acquired the location in two deals in August 1961 and June 1963 totaling $30,000.

The seller in both transactions was the Industrial Development Co. of Little Rock, led by R.A. “Brick” Lile.

Media Transaction

A 7,254-SF broadcast building in Little Rock’s Riverdale area shifted ownership in a deal valued at $630,000.

EMR Properties LLC purchased the 2400 Cottondale Lane project from Signal Media of Arkansas Inc.

Both entities are led by Steven Jonsson.



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