Farmland Produces $1.8M Transaction (Real Deals)

by George Waldon  on Monday, Apr. 7, 2014 12:00 am  

Soul of the South Network has a Little Rock home after a $1.6 million deal. (Photo by Jason Burt)

Double Vision Management Co., led by Dennis White, acquired the Storage Space project at 709 Pratt Road. The seller is Storage Space LLC, led by John Heavner.

The deal is financed with a $1.05 million mortgage carried by the limited liability company. The location was bought for $135,000 in June 1996 from Charles and Elta Loetscher.

Million-Dollar Construction  
Mail/Print Center $5,500,000
Blue Cross & Blue Shield  
2201 Brookwood Drive, Little Rock  
Baldwin & Shell Construction Co.,  
Little Rock  
Health Club $4,000,000
2939 Lakewood Village Drive, N. Little Rock  
LA Fitness, Irvine, Calif.  
Service Center $2,725,000
Landers Dodge  
624 Col. Glenn Plaza Loop, Little Rock  
ITR Construction LLC, North Little Rock  
Renaissance Point Apartments $2,217,594
30 Ayla Drive, Little Rock  
Champion Construction Management Inc.,  
Little Rock  
Lab/Office Renovation $1,808,155
10200 Arch Street Pike, Little Rock  
RIC Construction Inc., Little Rock  
Office Renovation $1,000,000
1525 Merrill Drive, Little Rock  
Chuck Hamilton Construction Inc., Little Rock


Office Transaction

A 6,250-SF office building in west Little Rock rang up a $915,000 transaction.

Glory Properties LLC, led by Sadiq Ali, purchased the 12500 Kanis Road project. The seller is Kanis Road LLC, led by Dickson Flake.

The deal is funded with a five-year loan of $825,000 from Simmons First Bank of Hot Springs.

The 1.88-acre development previously was tied to an October 2011 mortgage of $1.2 million held by Arvest Bank of Fayetteville.

The property was acquired in June 1999 as part of a $195,000 deal with Edward Lile and David and Jeanne Keller.

Hunting Land

A rural 177.4-acre tract along the Pulaski-Lonoke County line was part of a $772,000 deal.

Ink Bayou Meto Hunting Club LLC, led by Jay Gadberry, bought the property along the east side of Ink Bayou, a mile south of Highway 294. The deal included 438 acres in Lonoke County. The sellers are Ronnie and Beverly Melvin, who provided a 10-year loan of $568,532.



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