WLR Retail Project Trails $1.8M Land Purchase (Real Deals)

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

An 8,245-SF retail project in west Little Rock is in the works after a $1.8 million land deal.

CHI-Little Rock LLC of Greenville, S.C., acquired the 2.08-acre site at 11400 Cantrell Road from Pleasant Ridge LLC, led by Lou Schickel. The new space will house Verizon Wireless and Mattress Firm.

Construction is backed with a five-year loan of $3.95 million from GrandSouth Bank of Greenville, S.C.

Schickel bought the property for $80,000 in April 1984 from James H. Jones.

Distribution Development

A $1.75 million land buy in North Little Rock is preceding development of a 350,000-SF distribution facility.

Ben E. Keith Co. of Fort Worth, Texas, purchased the 66.8-acre tract near the northwest corner of Interstate 440 and U.S. 70 from George and Cynthia Glover.

The property previously was tied to a November 2008 mortgage of $507,729 from North Little Rock’s National Bank of Arkansas.

The Glovers acquired the land for $500,000 more than five years ago from the heirs of Pearl Lee Smith.

The sellers included Shirley Smith Childress, Bobbie Lee Cordoni, Stacy Lee Rutledge, Timothy Smith, Mary Gale Landry, Mark W. Smith Jr., Diane K. Andrus, Karen Patout and Sherry Singleton Louviere.

Motorcycle Recovery

A north Pulaski County enterprise is under new ownership after a $550,000 foreclosure sale.



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