Technology Drive Building Registers $11.7 Million Sale (Real Deals)

by George Waldon  on Monday, Apr. 14, 2014 12:00 am  

The 1001 Technology Drive project joined the LaFrance family’s growing portfolio of office holdings in the Little Rock market. | (Photo by Jason Burt)

Recycled Retail

A former USA Drug project in southwest Little Rock changed hands in an $825,000 deal.

The Steven J. Landers Jr. Trust acquired the 12,220-SF store at 6115 Baseline Road from Stamja Ltd.-AR Properties LLC, led by Jason LaFrance.

The LaFrance family bought the 1.14-acre property for $502,000 in January 2008 from the Matt Gwenn Petty Trust, the Jeffrey Price Petty Trust, the Susan Petty O’Dwyer Trust and the Reginald Bular Petty Trust.

Industrial Sale I

A 23.3-acre industrial development in Little Rock is under new ownership after a $500,000 sale.

Camino Real Foods Inc. of Vernon, Calif., purchased the 4701 Asher Ave. project from ConAgra Foods Packaged Foods LLC of Omaha, Neb.

ConAgra bought the 98,800-SF facility in 2012 as part of its $95 million acquisition of Odom’s Tennessee Pride Inc. of Madison, Tenn.

Odom’s purchased the property in two transactions totaling $825,000. The sellers were Western Meat Packers Inc., led by C.O. Finkbeiner, $725,000 in January 1980; and Christian and Patia Finkbeiner, $100,000 in May 1983.

Multifamily Buy

A small apartment project in Little Rock rang up a $263,000 transaction.

W.L. Properties LLC, led by Marcia G. Wilson, bought the five-unit complex at 410 W. 19th St. from Vicki Hunsinger.



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