Broadcast buy.
A commercial redevelopment in west Little Rock is in motion after a $1.15 million deal.National Bank of Arkansas in North Little Rock bought the former studios of Fox affiliate KLRT-TV, Channel 16, and UPN affiliate KASN-TV, Channel 38, at 11711 W. Markham St. from Clear Channel Broadcasting Inc. of San Antonio.
The 1.7-acre property will become home to an 18,000-SF building that will house an NBA branch and more.
Clear Channel purchased the development for $1.2 million in August 1991 from Little Rock Communications Associates, led by Garrett Scollard.
LRCA acquired the location for $510,000 in January 1983 from Ralph Erwin III and his wife, Norma.
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| Title Annotation: | commercial redevelopment sold |
|---|---|
| Author: | Waldon, George |
| Publication: | Arkansas Business |
| Article Type: | Brief Article |
| Geographic Code: | 1USA |
| Date: | Sep 22, 2003 |
| Words: | 112 |
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