The town of Lowell recently issued a commercial construction allowance valued at $7.28 million. The allow is being used to develop an 84,565-square-foot building at 407 N. Goad Springs Road, north of Lowell, along southbound Interstate 49. Sixty-five million in September 2017. The land belongs to IDO Arkansas LLC of Tulsa, Okla., led via Robert D. Stephens. IDO bought two parcels totaling 18.03 acres for $1. Directline Logistics LLC, led via Steven C. Barrett, sold five.01 acres, and the property of Edna Robbins offered thirteen.02 acres.
IDO is partnering with Cushman & Wakefield/Sage Partners in Rogers to broaden the property with several speculative business/flex office space buildings. The development is referred to as Centergate Business Park. C.R. Crawford Construction of Fayetteville is the contractor. GH2 Architects of Tulsa is a building fashion designer.
SALE-LEASEBACK
A four 958-rectangular-foot retail building in Fayetteville was offered recently in a sale-leaseback deal worth $3.Nine million. The value equals $786.60 in keeping with square feet. A group of traders led by using Murray Benton and Steve May of Jonesboro bought the 1.19-acre Kum & Go store at 2388 N. College Ave., on the nook of East Township Street. Iowa-primarily based comfort keeps operator Kum & becomes the vendor.
The business enterprise has entered a preliminary 15-12 months rent (absolute net) with the new owner. The annual hire is $228,150. A 7.Five% hire increase is effective every five years for the initial 15-12 months lease. Tyler Dingel and David Erskine with CBRE were the list marketers. Waco Title Co. Of Springdale became the named agent.
CHILDCARE CONSTRUCTION
The town of Bentonville recently issued a commercial building permit valued at $three.21 million. The key is for an approximately 17,500-square-foot structure at 2300 S.E. S St. Sam’s Club, which operates as the warehouse club subsidiary of Walmart Inc., is the owner. The building may be used for an organization-sponsored toddler care facility, Sam’s Club Kids’ Club.
Nabholz Corp. Rogers is the building contractor. Page Southerland Page Inc. Houston is the building fashion designer. The facility will maintain about one hundred seventy kids and toddlers, infants, 2-year-olds, pre-K, and kindergarten prep. Bright Horizons, a Watertown, Mass.-based corporate childcare company, has decided to manipulate the programs and offer to staff for the facility.
RETAIL CONSTRUCTION
The metropolis of Rogers lately issued an industrial construction allowance worth $1.36 million. The allow is used to construct an eight 192-rectangular-foot retail construction at 2401 W. Pleasant Grove Road.
National tire store Discount Tire Co. Is the owner and tenant. The organization paid $1—four million for the 1.86-acre lot closing yr. C.R. Crawford of Fayetteville is the main development.
PINNACLE ABODE
A 4,867-square-foot residence in Phase IV of the gated Pinnacle community in Rogers sold for $985,469. The buy rate equals $202—forty-seven per square foot. Nelson and Susan Peacock sold the West Oxford Drive house from Tyler and Murray Austin, trustees of the Austin Trust Agreement. Wells Fargo Bank sponsored the deal with a 30-yr loan of $595,000. Sherry Hardie with Coldwell Banker Harris McHaney Faucette changed into the listing agent.
Waco Title Co. Of Springdale changed into the named agent. The five-bedroom home was constructed in 2011 and appraised in 2018 for $809,800. Austin offered the house and zero.51-acre lot in May 2013 from J. Taylor and Mindy Gordy for $810,000. Gordy offered the property in November 2010 from Mave Associates L.P. for $one hundred twenty,000. Have bought the lot and four others in May 2005 from Tallchamps LLC for $562,000.
HYLAND PARK PROPERTY
A 4,607-square-foot house in Phase II of Fayetteville’s Hyland Park neighborhood has been bought for $920,000. The buy fee equals $199.Sixty-nine consistent with rectangular foot. BSS LLC, directed via Sam Mathias and Gina Maddox, organized tenants in a commonplace partnership to
buy the 2-acre belongings on North Canterbury Road. Elsie Sexton, a widow of the past due to Dr. G.A. Sexton, becomes the vendor. Armstrong Bank in Springdale provided financing with an 18-month loan of $1 million. Sexton paid $14,606 for the land in 1979. The house changed into a built-in 1984.
INDUSTRIAL BUILDING
A 19 hundred twenty-five-rectangular-foot industrial construction in Springdale’s Industrial Park Plaza has a new proprietor after a sale worth $850,000.
John and Patricia Kendrick bought the Class B warehouse at 1209 ESI Drive. Upside Down Cow LLC, whose individuals include Dustin Weber and Walter Wight, become the seller. Lee Ward with Realty Concepts in Fayetteville changed into the listing agent. The unmarried-story building was built in 1979.
PARKING POTENTIAL
A 0. A ninety-eight-acre industrial lot in Fayetteville’s CMN Business Park addition was bought for $341,504 these days. The buy fee equals $eight, consistent with square feet. Title Co. South Dakota-based Black Hills Energy offered the lot from Trends LLC, controlled using Fayetteville homebuilder Mark Marquess. In Fayetteville turned into the title agent. The land is off North Plainview Avenue adjacent to a 50,708 rectangular-foot office building at 655 E.
Millsap Road. The construction’s number one tenant, Black Hills, paid $eight.Four million for constructing this past November. Millsap Road Investments Co. LLC led with some of the traders’ aid, including participants of Little Rock-primarily based Flake & Kelley Commercial real property company led via Hank Kelley and John Flake, changed into the vendor. A Black Hills spokesperson stated the land was bought to improve extra parking.
