NLR Acreage Acquisition Approaches $2.7 Million (Real Deals)

by George Waldon  on Monday, Jun. 30, 2014 12:00 am  

More than 420 acres in North Little Rock near the intersection of Interstates 40 and 440 were sold for $2.69 million. Approximate location shaded on map.

The 1.64-acre Bingham Road development was tied to a March 2010 mortgage of $350,000 held by the Yelenich Family Trust.

It was acquired from the trust for $450,000 more than four years ago.

Packaging Transaction

A 7,460-SF industrial project in North Little Rock changed hands in a $450,000 sale.

8101 Industrial NLR LLC, led by Jimmy Bell, purchased the General Packaging facility at 8101 Industrial Drive. The seller is UK Enterprises LLC, led by Scott Hamby.

The deal is backed with a 10-year loan of $522,750 from Little Rock’s Bank of the Ozarks.

The 3.20-acre site was bought for $48,000 in February 1996 from the estate of Herschel Friday, William and Mary Lou Cravens, the Boyce Love Testamentary Trust, William and Peggy Sutton, William and Elizabeth Terry, William and Kay Patton and the Oaklawn Jockey Club Inc., led by Charles Cella.

Church Acquisition

South Little Rock congregations were on either side of a $200,000 church transaction.

Geyer Springs First Baptist Church acquired Baseline Missionary Baptist Church at 8705 Scott Hamilton Drive.

BMBC assembled the 1.75-acre property in two deals with H.B. and Annie Mize, an undisclosed sum in February 1945; and Russell and Betty Lou Landry, $13,000 in May 1971.

Germay Residence



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