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InSite sale.

A commercial property in west Little Rock tipped the scales at $2.65 million.

Parkway West Development LLC, led by Wally Allen and Robert Goff Jr., bought the one-time Gateway computer store at 12018 Chenal Parkway. The seller is InSite Little Rock LLC of Oak Brook, Ill.

Parkway West assumed an October 2007 mortgage of $2.07 million handled by JP Morgan Chase Bank of New York.

The 1.4-acre location was acquired for $837,000 ($13.75 per SF) in July 1998 from George Wells.

Wells purchased the site for $756,000 in July 1994 from Parkway West Ltd., led by John M. Graham and Christopher B. Burrow.
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Title Annotation:Real Deals: A Look at Important Real Estate Transactions
Author:Waldon, George
Publication:Arkansas Business
Date:Jan 26, 2009
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