Medical Clinic Replaces Nichols Furniture After $3M Purchase (Real Deals)

Redevelopment of a 31,884-SF retail project in west Little Rock is in motion after a $3.03 million transaction. PTCOA Shackleford Clinic LLC, led by Dr. Meraj Siddiqui and Dr. Ronald Tilley, bought the Nichols Furniture store at 108 N. Shackleford Road. The seller is Nichols Building LLC, led by John Nichols. The deal is financed with a seven-year loan of $4.2 million from First Community Bank of Batesville. The 2.35-acre development was acquired for $1.7 million in July 1987 from Phoenix Properties Inc., led by Patsy Thomasson.Burger BuyA 9,364-SF office-eatery project in Maumelle tipped the scales at $1.4 million. Atkinson Properties LLC, led by Russell and Ric Atkinson, purchased the David’s Burgers at 102 Country Club Parkway. The seller is Anchor Realty Investments LLC, led by Alan Bubbus. The deal is funded with a $919,382 loan from Central Bank of Little Rock. The 1.27-acre development previously was tied to a December 2014 mortgage of $995,400 held by First State Bank of Russellville. Anchor Realty bought the property for $510,000 more than two years ago from Arvest Bank of Fayetteville.Warehouse SaleA 29,800-SF warehouse complex in Little Rock weighed in at $1.3 million. Store Master Funding X LLC, an affiliate of the Store Capital real estate investment trust in Scottsdale, Arizona, acquired the Arkansas Wholesale Lumber Co. project at 3801 Mabelvale Pike for $1.3 million. The seller is Wayne & Robby L. Ridout Family LLLP. The deal is backed with a $1.3 mi...
Source: Arkansas Business - Health Care - Category: American Health Source Type: news