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)

A 5.4-acre industrial site in North Little Rock changed hands in a $168,000 deal.

HCB LLLP, led by Edsel Weaver Jr. and his wife, Kimberly, bought the land on Michaela Drive.

The seller is D&B Commercial Park LLC, led by James Dietz.

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

Hallen Home

A 5,032-SF in the Hallen Court neighborhood of west Little Rock’s Chenal Valley development is under new ownership after a $725,000 sale.

Kristi Crum purchased the house from Thomas and Cynthia Formicola. The deal is financed with a 30-year loan of $417,000 from Delta Trust & Mortgage Inc. of Little Rock and a $163,000 loan from Delta Trust & Bank of Little Rock.

The residence previously was tied to a 35-year loan of $558,750 originated by Quicken Loans Inc. of Detroit.

The Formicolas bought the property for $684,000 in November 2011 from Rees Construction LLC, led by John Rees.

PV Residence

A 4,616-SF home in west Little Rock’s Pleasant Valley neighborhood rang up a $615,000 transaction.

Glen and Kristi Johnson acquired the house from Jessica Waschka-Vitale and her husband, Paul.



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