FBI's Arkansas Headquarters Attracts $19.5M Sale

by George Waldon  on Monday, Jun. 9, 2014 12:00 am  

The state headquarters of the FBI in west Little Rock was the subject of a $19.5 million transaction .  The 99,000-SF office building is at 24 W. Shackleford Blvd. | (Photo by Wil Chandler)

Scott Street Apartments LLC, led by Jason Bolden, Jerry Bedford, C.W. Freedman and Paul Sheptow, acquired Terrywood Apartments at 8711 and 8723 Baseline Road from William Tull Jr.

The deal is backed with a five-year loan of $480,000 from Central Bank of Little Rock. The residence previously was tied to an October 2002 mortgage of $429,250 held by One Bank.

The lender filed an August 2013 foreclosure on the loan, which had a total outstanding balance of $385,727 at the time and had been past due since April 2013.

Tull purchased the 1.57-acre development for $470,000 in October 2002 from Edward and Judith Cecil.

Land Acquisition

A 19-acre tract in southwest Little Rock drew a $400,000 transaction.

DoDa Construction, led by Doug Meyer and David Bruning, bought the land on the north side of Baseline Road, a mile west of Stagecoach Road. The seller is BancorpSouth Bank of Tupelo, Mississippi.

The bank recovered the property from Dreamland Development LLC, led

by Russell Huckaby and Jerome Atchley, as part of a $1.42 million foreclosure sale in March 2010.

The property helped secure a November 2007 mortgage of $3.2 million held by BancorpSouth.

Office Property

A 4,362-SF office building in North Little Rock sold for $182,000.

 

 

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