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Office expansion.(Real Deals: A Look at Important Real Estate Transactions)


Expansion of a 37,900-SF medical office project in west Little Rock is backed with a $3.3 million mortgage.

Freeway Park Properties LLC, led by Dr. Keith Mooney, received the two-year loan from Pulaski Bank & Trust.

The 4.6-acre Arkansas Urology development at 1300 Centerview Drive also was linked with a June 2001 mortgage of $6.8 million, a December 1999 mortgage of $380,000 and an August 2003 mortgage of $100,000 held by Bank of America in Charlotte, N.C.

Freeway Park Properties assembled the property in two December 1999 deals totaling $1.1 million.

The sellers were Westrock Partnership, led by Robert Vogel, $818,000, and the estate of Billy Bridewell, $359,000.

COPYRIGHT 2009 Journal Publishing, Inc. Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


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