Value Place Hotel Visited by $4M Sale (Real Deals)

by George Waldon  on Monday, Jul. 28, 2014 12:00 am  

The seller was 2610 Acres LLC, led by Rick Ferguson.

Office Land

A 1.57-acre office site in west Little Rock changed hands in a $374,848 transaction.

13000 Cantrell Road LLC, led by Robert Jorgensen, Rodney Breuer and Robert Harrison, acquired the land on the west side of its namesake project from Jamie and Gregory Saad.

The property, along with the neighboring 5,840-SF office building at 13000 Cantrell Road, now is helping secure a five-year loan of $1.27 million from Regions Bank of Birmingham, Alabama.

The land previously was tied to a June 2013 mortgage of $2.69 million held by Coastal Bank & Trust of Florida in Pensacola.

The location was purchased in September 1993 as part of a $255,000 deal with Grace Community Church.

Jacksonville Purchase

A 5,713-SF commercial project in Jacksonville rang up a $280,000 sale.

Robert Wilson Enterprises Inc., led by Robert A. Wilson, bought Hall’s Dry Cleaners at 1802 N. First St. from Tim and Jennifer Hall.

The deal is funded with a $459,131 loan from Centennial Bank of Conway. The 0.87-acre development previously was linked with a July 2004 mortgage of $459,131 from First Security Bank of Searcy.

The Halls acquired the property for $200,000 in March 1999 from the namesake trusts of Todd and Kristi Misak.

 

 

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