$42.6 Million Transaction Visits Foothills Apartments (Real Deals)

by George Waldon  on Monday, Apr. 21, 2014 12:00 am  

Foothills Apartments at 2401 Lakeview Road in North Little Rock. (Photo by Jason Burt)

Dakota Development LLC, led by Lawrence Finn and Steve Gardner, bought the property at 523 N. Orange St. The seller is the Dupriest Family Partnership, led by Jeff and Tommy Dupriest.

The deal is backed with a six-year loan of $772,678 from IberiaBank of Lafayette, La.

The Dupriest family acquired the 0.26-acre development for $60,000 in November 1978 from Theresa Korte Barnett.

Church Acquisition

A 1.79-acre property in downtown Little Rock changed hands in a $330,000 sale.

Greater Macedonia Missionary Baptist Church purchased the land between East 24th and East 25th streets on the west side of Interstate 30 from the Institute in Basic Life Principles Inc. of Oak Brook, Ill.

The property is now helping secure a five-year loan of $1 million from Simmons First National Bank of Pine Bluff.

Basic Life, a Christian nonprofit organization led by William Gothard, bought the land in a transaction valued at $200,000 in March 1999. The seller was the Coulson Foundation, led by Michael Coulson.

Retail Buy

A 2,640-SF retail project in Little Rock is under new ownership after a $190,000 deal.

Karan & Jashan LLC, led by Jagroop Singh, acquired the Westwood Liquor-Chicken Wangs Cafe project at 8318-8324 Col. Glenn Road.

The sellers are Jaime and Ruth Vasquez.



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