Cav-Rock Properties LLC of Totowa, N.J., bought the 14,560-SF store at 14820 Cantrell Road from BCD Arkansas Ltd., led by James E. Cox.
The project previously was tied to a December 2002 mortgage of $3.2 million held by Southwest Bank of Texas in Houston.
BCD purchased the site a year ago for $1.3 million (about $13.50 per SF). The seller was Cantrell Loop LLC, led by William F. Rector Jr.
The land was assembled as part of four transactions totaling $993,000.
The sellers were William and Nina Mathis, $590,000 in April 1991; Lovie Cook, $160,000 in August 1988; Joe and Sarah Tipton, $136,000 in August 1988; and Laura Smith Wilson, $107,000 in August 1987.
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|Title Annotation:||Real deals: a look at important real estate transactions|
|Comment:||Walgreens sale.(Real deals: a look at important real estate transactions)|
|Article Type:||Brief Article|
|Date:||Apr 26, 2004|
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|Site sale II.|
|Commercial mail sale.|