$6M Transaction Rolls Into LR Infiniti Dealer (Real Deals)

by George Waldon  on Monday, May. 5, 2014 12:00 am  

Infiniti of Little Rock at 15 Col. Glenn Plaza Drive. | (Photo by Jason Burt)

Heritage Acquisition

An education property in west Little Rock changed hands in a $2.7 million deal.

Doda Construction, led by David Bruning and Doug Meyer, bought the 14,248-SF Heritage College project at 1309 Old Forge Road. The seller is Family Center Properties LLC, led by Paschal Gagliardo.

The deal is backed with a six-month loan of $1.49 million from BancorpSouth Bank of Tupelo, Miss.

The 2.4-acre development previously was linked with a February 2006 mortgage of $845,000 originated by The Right Bank for Texas in Houston.

Family Center purchased the property for $418,000 at an October 2004 foreclosure sale.

The courthouse auction followed an August 2004 judgment of $385,393 against Martin and Rosa Marin by Bank of Little Rock.

Seven-Digit Construction

Regional Operations Center    $12,600,870
Midcontinent Independent System Operator    
1700 Centerview Drive, Little Rock
Nabholz Construction Corp., Conway

K Loft Apartments     $3,000,000
315 Main St., Little Rock
AMR Construction LLC, Little Rock

Northpoint Ford    $2,658,300
4400 Landers Road, North Little Rock
Brinkmann Constructors, Chesterfield, Mo.

Bank Branch    $1,900,000
2504 McCain Blvd., North Little Rock
First Security, Searcy

Kitchen/Ashley’s Renovation    $1,104,328
Capital Hotel    
111 W. Markham St., Little Rock
East Harding Inc., Little Rock

Rich Buy

A 52,298-SF trucking facility in Little Rock is under new ownership after an $825,000 sale.

Rich Transport LLC of Cudahy, Wis., acquired the Rich Logistics/Rich Warehousing & Distribution Center at 6011 Scott Hamilton Road.

The seller is Richards Finance Co. LLC, led by Betty Richards.

 

 

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