Printer Friendly
The Free Library
23,383,293 articles and books


Storage Sale.

A 44.5-acre warehouse development in North Little Rock changed hands in a near $14 million deal.

Central & Southern Companies LLC, led by Henry Nichols, sold the Central & Southern Distribution project at 1316 North Hills Blvd.

The buyers were Central LLC, led by L. Dickson Flake, $11.19 million; and Highway 107 Associates LLC, led by James May III, $2.8 million.

The project encompasses five buildings (three warehouses and two cold storage facilities) with about 750,000 SF under roof.

The deal was financed with a one-year loan of $19.77 million from Central & Southern. The two limited liability companies also bought the Central & Southern development in Pine Bluff in a separate transaction.

The development previously was tied to a February 1996 mortgage of $3.4 million held by Metropolitan National Bank of Little Rock.

The Nichols family assembled most of the North Little Rock property in three deals totaling $65,897.

The sellers were Fred Watkins Jr. and his wife, Katherine, and Metropolitan Trust Co., led by John Matthews, $29,160 in November 1956; Elizabeth Leigh Vaughan, Patricia Leigh, Sarah Leigh Brown and Lamartine Leigh Jr., $26,640 in July 1956; and the Missouri Pacific Railroad Co., $10,097 in November 1956.
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.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Central & Southern Distribution warehous development sold
Comment:Storage Sale.(Central & Southern Distribution warehous development sold)
Author:WALDON, GEORGE
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1U7AR
Date:Apr 16, 2001
Words:204
Previous Article:Bank Land.
Next Article:Mortgage Lending.
Topics:



Related Articles
China's brewing\malting industries on the rise, but technologically behind.
EMC "TO TAKE MCDATA PUBLIC THIS YEAR".
Storage Transaction.
YEMEN - Profile - Rafed Abdel Halim.
Internet age strikes a blow for freelancers.
Warehouse Funding. (Real Deals).
Fine print: customized newsletters and magazines are a cost-effective way for a bank to get its message across. Below are the ABCs of publishing...
Absorbent Article And Process For The Directed Drainage Of Fluids Released In A Localized Manner.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters