Historic Theater Sold Out
by November 26, 2001 12:00 am 81 views
On Nov. 2, four developers sold the historic Ozark Theater building in Fayetteville for $2.1 million to Centra Industries Inc. of Springdale.
TransMontaigne moved out of the building on Nov. 15 and relocated to Denver.
Centra, formerly known as Midwest Cable, will use the four story, 14,500-SF building at 2 N. College Ave. as its corporate headquarters, said Richard Alexander.
Alexander, Rob Merry-Ship, B.A. Rudolph and Greg House are partners in The Ozark Building LLC.
The developers spent $1.5 million to renovate the building over a year’s time, Alexander said. The renovation was completed in August 1998.
“We didn’t even have it on the market,” Alexander said. “They came to us and made us an offer.”
Alexander and Merry-Ship are also involved in the $6.9 million project to renovate and convert Carnall Hall, the second oldest building on the University of Arkansas campus, into a 49-room hotel that will be patterned after James at the Mill in Johnson.