Printer Friendly

Mill assembly.

Land for redevelopment projects in downtown North Little Rock was assembled in deals topping $2.2 million.

The biggest pieces are the 3.1-acre Prime Quality Feed Mill at 124 E. Fifth St. and an adjoining 0.36-acre parking lot purchased for $2.17 million from Mountaire Feeds Inc., led by Ron Cameron; and the 0.78-acre Mountaire office development at 204 E. Fourth St., bought for $900,000 from Mountaire Corp., led by Cameron.

The buyer in both deals is The Mill LLC, led by Harold Tenenbaum, John Gaudin and Paul Esterer.

Mountaire assembled the office property in two transactions totaling $358,000. The sellers were Joe and Dorothy Armbrust, $350,000 in January 1990, and Missouri Pacific Railroad Co. of Omaha, Neb., $8,000.

The feed mill and parking area were assembled as part of deals with Real Properties Inc., a Stephens Inc. affiliate, $110,000 in May 1984; and the Missouri Pacific Railroad, $84,000 in November 2000 and $17,000 in December 1946.

Additional property in downtown North Little Rock, sometimes purchased through related entities, was moved in April into the name of The Mill LLC. The transactions included deals with:

Argentco LLC, led by Harold Tenenbaum, $175,000 for 816 N. Olive St., 709 N. Olive St., 601 N. Olive St., 821 N. Olive St. and 817 N. Olive St.; Esterosto LLC, led by Paul Esterer, $82,000 for property in the 800 block of Cypress Street and the 700 block of Magnolia; and Esterosto LLC, $82,000 for 211 E. Eighth St., 816 and 822 N. Poplar St., 815 N. Olive St., and 318 S.A. Jones Drive; and Melvin Ewart, $5,000 for 902 N. Poplar St.
COPYRIGHT 2008 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Real Deals: A Look at Important Real Estate Transactions
Author:Waldon, George
Publication:Arkansas Business
Date:May 26, 2008
Previous Article:Only asphalt counts.
Next Article:Trust acquisition.

Related Articles
REIT pioneer is a master of crafting finance deals: Yaacov Gross, Partner, Morrison & Foerster's real estate finance practice.
Mills focus of latest bid war.
Bluestone closes $280m in deals during 1st qtr.
GE goes north of the border for office space.
GE Real Estate acquires two Toronto office buildings.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters