Office Condo.
Medical office space in Little Rock rang up a $425,000 deal.
Freeway Holdings LLC, led by Graham Smith, acquired the
second-floor location in the Freeway Medical Building at 5800W. 10th St.
The seller was Little Rock Surgery Properties Ltd., led by Drew Demaray.
The deal was backed with a two-month loan of $297,500 from Bank of
the Ozarks in Little Rock.
The space previously was linked with a July 1984 mortgage of
$652,800 held by the now-defunct FirstSouth Federal Savings & Loan
Association of Pine Bluff.
Freeway Holdings bought the property 16 years ago for $618,900 from
Little Rock Medical Associates II Ltd., led by Sidney Weniger. The
limited partnership purchased it in July 1984 for $284,000 from Medical
Corridor Associates Ltd., another Weniger-led group.
COPYRIGHT 2001 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001 Gale, Cengage Learning. All rights reserved.
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