Hemaxon Enterprises, a Pennsylvania limited liability company, invested $1.3 million to buy a facility for a Taco Bueno fast-food restaurant at 113 W. Pershing Blvd. in North Little Rock.
The seller was Murphy Oil USA Inc. of El Dorado.
The Taco Bueno, with 2,145 square feet, was built in 2017. The acre of land and the restaurant appraised for $1.3 million this year.
Hemaxon of Conshohocken, Pa., took out a mortgage with Conway-based Centennial Bank for $937,500. The loan has a variable interest rate.
Dr. Henry Liu, chief executive officer of Hemaxon, and Dr. Marilyn Li, general manager of Hemaxon, signed the mortgage. Jennifer Bridges, vice president for asset development for Murphy Oil USA, signed the warranty deed.
Attempts to contact Liu for comments were unsuccessful.
PARTS WAREHOUSE
Parts Warehouse Inc., led by Fletcher Lord Jr., president of the company, paid $450,000 last month for a 50-year-old warehouse in Little Rock.
The warehouse, with about 14,000 square feet, is at 3100 Dugan Drive in Little Rock. It is south of Roosevelt Road, north of Interstate 440 and adjacent to a Parts Warehouse distribution center.
Parts Warehouse does business as Bumper to Bumper, an auto supply store.
Parts Warehouse doesn't have a full-time plan for the facility and its almost 7 acres, Lord said.
"It gives us more acreage if we needed to expand," Lord said. "It also gives us another access out to Roosevelt."
Bumper to Bumper has 170 company-owned stores, Lord said.
About 150 Bumper to Bumper stores are operated as franchises. In all, there are 320 Bumper to Bumper stores in seven states, Lord said.
"The parts business is steady right now," Lord said. "There is good competition out there. There are more cars on the road today and more makes and models. Having to warehouse all the parts for each one of these is getting bigger and bigger. We're running out of shelf space."
Bumper to Bumper's Little Rock distribution center has 140,000 square feet and supplies its stores in Arkansas and eastern Texas, Lord said. The Monroe, La., distribution center supplies stores in Texas, Louisiana, Mississippi and Alabama. The Tulsa distribution center supplies stores in Oklahoma and Missouri, Lord said.
The seller was BCR Investments LLC of North Little Rock. BCR bought the warehouse in 2014 for $300,000.
The warehouse was appraised this year at $445,000.
Ronald Davis, Cindi Mathis and Benjamin Davis II are members of BCR Investments.
T GRAHAM MANOR
Capital View Apartments LLC bought a two-story, 15-unit apartment building in Little Rock last month at 1214 W. Sixth St. that was built in about 1930.
The sale price was $400,000.
The building, called T Graham Manor, has about 9,700 square feet of apartment space. It is about two blocks from the state Capitol grounds.
Mathew Owens incorporated Capital View Apartments last month. Matthew Looney is the managing member of Capital View Apartments, which lists its address as a virtual office in Manhattan Beach, Calif.
Capital View Apartments borrowed $430,000 from Owens Consulting Group Inc. to finance the purchase.
The seller was TA Holdings LLC of Roland.
Jeffrey Todd Anderson is manager of TA Holdings. Wendy Anderson, Thomas Anderson and Candis Anderson are members of TA Holdings.
SundayMonday Business on 04/29/2018