A Kroger-anchored retail center in Little Rock has been sold for $1.3 million.
The Lasiter Group of Little Rock announced that its LMS Properties LLC had sold the development at 1100 E. Roosevelt Rd. to investment group Sky Little Rock LLC, a subsidiary of Interra Capital of Houston.
LMS is led by Thomas Lasiter, the CEO and chair of the Lasiter Group.
Records show that LMS purchased the building in 2015 for $680,000. It was built in 1960.
Other tenants include Dollar Tree and ACE Cash Express. In total, the development next to the Oakland & Fraternal Historic Cemetery Park has more than 45,611 SF of retail space.
The land under the development is owned by the city of Little Rock.