A 49.3-acre land sale in Lowell west of Interstate 49 tipped the scales at $4.31 million. The purchase cost equals $2.01 for each square foot.
Dallas-primarily based developer Bridger Cos. bought the undeveloped home at the southwest corner of Zion Road and Arkansas Highway 264. The John & Reta Mae Remington Revocable Rely on was the vendor.
Forrest City-based Armor Financial institution backed the deal with a two-yr financial loan value $3.27 million. Metropolis Title & Closing of Fayetteville was the title agent. Salmonsen Team Realtors with Keller Williams Marketplace Professional Realty in Bentonville represented the purchaser and vendor in the transaction.
Bridger develops and operates residential communities and plans to increase the land for that goal.
AT&T ACQUISITION
A 6,720-sq.-foot industrial setting up in Springdale sold recently for $2.6 million. The order price equals $387 per sq. foot.
AW Feng Investments LLC, led by An Wei Feng, acquired the solitary-story creating at 4489 W. Sunset Ave. Starmax AR Wi-fi LLC of Florida was the seller.
Arvest Financial institution backed the offer with a two-12 months bank loan well worth $1.85 million. Waco Title Co. of Springdale was the title agent. Matt Strom (seller) and Jordan Jeter (consumer) with Kelley Business Partners in Springdale brokered the deal.
The assets is triple-net leased to AT&T.
RETAIL SALE
A 15,008-square-foot retail heart in Rogers improved arms lately for $2.1 million. The invest in value equals $140 for every sq. foot.
Storm Qualities LLC, managed by Scott Foster, bought the a short while ago renovated making at 2511 N. Second St. Warrington LLC, an affiliate of Colliers Arkansas in Rogers, was the seller.
The First Countrywide Bank of Fort Smith backed the offer with a five-yr bank loan truly worth $500,000. Waco Title Co. of Springdale was the title agent. Steve Lane and Tom Rystrom of Colliers Arkansas represented the vendor. Mindy Foster with Collier & Associates of Fayetteville represented the purchaser.
Colliers formed an expense team to buy the property in February 2021 for $1.37 million. It is now 100% leased. Tenants include things like State Farm, Onin Staffing, Improvyze, Tekilas Bar & Grill and many others.
SUNSET SALE
A 4,190-square-foot home in the vicinity of Donald W. Reynolds Razorback Stadium in Fayetteville has a new proprietor soon after a sale value $1.3 million. The order rate equals $310 for each square foot.
Sid Pickle, by his SSP Investments LLC, purchased the residence on West Sunset Spot. George Niblock Jr., through his Niblock Ventures Inc., was the seller.
Robin Collins with Weichert, Realtors-The Griffin Co. represented the vendor. Amanda Gainey with Concierge Realty NWA represented the customer.
Niblock purchased the household in 2021 for $775,000 and undertook a total renovation. The home was originally developed in 1986 by the late Charles Scharlau, the previous chairman, president and main govt officer at Southwestern Electricity Co.
Actual Deals submissions: Email Paul Gatling at [email protected] with guidelines about Northwest Arkansas lease exercise, building, transactions, or upcoming initiatives valued at $300,000 or far more. Remember to publish ‘Real Deals’ in the topic line.
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