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)

The deal is funded with a three-year loan of $492,000 from Simmons First Bank of Searcy.

The residence previously was linked with a November 2011 mortgage of $413,400 held by Bank of Little Rock Mortgage Corp.

The property was purchased for $485,000 in August 2007 from Jeffrey and Kimberly Miller.

Hickory Creek Abode

A 3,400-SF home in west Little Rock’s Hickory Creek neighborhood drew a $585,000 sale.

Paul and Charlene Prousnitzer bought the house from Michael Alexander. The deal is backed with a 30-year loan of $350,000 from Bank of Little Rock Mortgage Corp.

The residence previously was tied to an April 2004 mortgage of $536,000 and a June 2010 mortgage of $204,000 held by Regions Bank of Birmingham, Ala.

The location was acquired for $110,000 in February 2003 from Alan and Marjorie Duncan.

Terminal Funding

A fuel storage facility in North Little Rock was used to help secure a $1 billion funding agreement.

JP Energy ATT LLC of Irving, Texas, received the five-year loan administered by Bank of America in Charlotte, N.C.

The 28.4-acre development at 2207 Central Airport Road previously helped back a January 2013 mortgage of $200 million held by Wells Fargo Bank of Sioux Falls, S.D.



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