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.

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Should the alcohol amendment remain on the ballot?