D&B Commercial Park LLC, led by James Dietz, bought the land on U.S. 165, east of the fiberpark. The seller was I-440 Business Fiberpark LLC, led by George Wilcox.
The deal was financed with a $1.6 million loan from National Bank of Arkansas in North Little Rock.
The land previously was linked with a December 1997 mortgage of $600,000 held by Wilcox Land & Cattle Co., led by George Wilcox.
The property was part of a 241-acre tract purchased from the company for $1.4 million more than three years ago by I-440 Business Fiberpark, originally led by Charles Tankersley.
This property in turn was part of a 540-acre tract that Wilcox acquired for $400,000 in August 1995.
The sellers were Wayman and Earline Calhoun, Robert and Cornelia French Calhoun, Walter and Mary French, Reve and Robert Shepard and Lisa J. French.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||D&B Commercial Park LLC buys 117-acres in North Little Rock|
|Comment:||Industrial Land.(D&B Commercial Park LLC buys 117-acres in North Little Rock)|
|Article Type:||Brief Article|
|Date:||Sep 10, 2001|
|Previous Article:||Oops, the Ads Worked.|
|Next Article:||Tandem Transactions.|