The purchase includes 48 building lots and one common lot that will be developed into a park and playground. The two-story building has about 7,600 SF available for lease.Ĭommercial Realty LLC in Fayetteville is the leasing firm for the building.įayetteville-based home builder Buffington Homes of Arkansas recently closed on a $1.92 million purchase of 49 undeveloped lots in the Braemar neighborhood of Centerton, a purchase price of approximately $39,000 per lot. Wil-Shar Steel Erectors and Town & Country Plumbing Inc., both of Rogers, are also working on the project. Modus Studio of Fayetteville is the architectural firm for the project.įirst State Bank of Russellville is providing financing. ![]() A Street LLC, an investment group led by Craig Soos and Jeff Engleman. The project, known as Main Street Business Center Phase II, is being developed by 1011 S.W. in Springdale is using a building permit valued at $2.63 million to build a 16,554-SF office building on a 0.84-acre lot at 1011 S.W. Marshall Saviers with Sage Partners of Fayetteville is leading the leasing efforts.Įast-Harding Inc. There are 21,000 SF available for lease starting at $23.50 per SF. Searcy-based Hart Construction LLC will be the general contractor. The building will be completed by early 2016 and already has one pre-leased tenant. The developer plans to build a 35,000-SF retail/office center called The Strand in Metropark. Gerald Johnston, through his Horsebarn Holdings LLC entity, was the seller. Haynes recently acquired the land for $2.31 million. The undeveloped property is at the northwest corner of South 52nd Street and Horsebarn Road. The mortgage is tied to the 3.66-acre lot 6B of the Metro Park South commercial addition of Rogers. The Strand at Metropark LLC, led by Rogers developer Hunter Haynes, recently picked up a construction mortgage of $7.81 million from Danville-based Chambers Bank. The cap rate of the development is 7.75 percent. Lockwood acquired the land (7.12 acres) in May 2006 for $2.54 million. At the time of the sale it was 90 percent occupied by 10 tenants including Guitar Center, Cold Stone Creamery, Lenny’s Sub Shop, I.O. The single-story development was built in 2007. The multi-tenant property was listed for $8.64 million by Justin Zahn with Commercial Investment Advisors, as well as Bob Begley with Lockwood Realty LLC. of Greensboro, North Carolina, helped finance the deal.Ĭity Title & Closing LLC of Fayetteville was the title agent.īrian Shaw with Sage Partners of Fayetteville represented the buyer. ![]() Omaha, Nebraska-based Lockwood Development Inc., operating through an entity called LRDF1 Fayetteville LLC, was the seller. Shaw, is the new owner of The Shoppes at Steele Crossing at 100-160 E. ![]() Shoppes at Steele Crossing LLC, an investment group managed by Bobby G. Previous owners Larry and Donna Garlington built the home in 2012 at an estimated value of $307,000.A 42,253-SF retail center in north Fayetteville tipped the scales recently in an $8.42 million sale, a purchase price of $194.78 per SF. Laura and Kenneth Eckhart III purchased a 3,836-SF brick home and 3.2 acres at the 1200 block of Valley View Road, located off of Red Hill Road, for $415,000. Previous owner Nathan Heath purchased the acreage in 2011 for $450,000. Nueces Land & Minerals is registered to Eric Danielson of Fayetteville. Nueces Land & Minerals Limited Parternship purchased 474 acres of timberland on Whetstone Road, which is located north of Highway 51 in the Sycamore community, between Beirne and Whelen Springs, for $568,164. The deed to the lots had been under the ownership of Cardinal Land Holdings, whose manager is Derek Franklin of Bluebird Real Estate. Primary residences or short-term vacation rental properties are expected to be built there. There are a total of 16 lots at Caddo Paddock, located between Old Military Road and the Caddo River. In a separate transaction, Sheri Rogers, through the Hot Springs-based FNM Holdings LLC, purchased a lot for $150,000. Jay and Jessica Arnold purchased one lot on Caddo Paddock for $299,000. Highlighting this round of real estate transactions is a pair of riverfront lots that were sold by an Arkadelphia developer.
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